Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Applied Materials Surges on AI Chip Boom, Analyst Targets Raised
Applied Materials shares surged 9.6% to $544.50 after analysts raised price targets, citing robust AI chip demand and a new $500 million Singapore facility that doubles cleanroom capacity.
Amazon Secures $17.5B AI Loan, Shares Steady Near $238
Amazon secures $17.5B loan for AI infrastructure, shares steady near $238. Free cash flow plunges to $1.2B from $25.9B, while Q1 net income surges to $30.3B.
Rigetti Computing Rises After Rosenblatt Maintains $40 Target
Rigetti Computing shares rose 1.9% to $19.82 after Rosenblatt reaffirmed its Buy rating and $40 target, with market participants weighing insider transactions, the 108-qubit rollout, and possible $100 million CHIPS Act funding.
Microsoft Underperforms as Nasdaq Rebounds; Xbox Layoffs Loom
Microsoft shares fell 2.8% to $386, lagging a Nasdaq rebound, as investors weighed reports of upcoming Xbox layoffs and ongoing weakness in gaming revenue.
Apple Stock Edges Up as Siri AI Rollout Faces Hurdles
Apple shares rose 0.52% premarket to $293.10, recovering from WWDC losses, as investors weigh Siri AI's ability to drive upgrades despite compatibility issues.
Belgium Clears Tesla FSD, Lifting Shares and Reviving European Autonomy Hopes
Tesla shares bounced back in premarket trading after Belgium became the fifth EU country to approve its Full Self-Driving (Supervised) software, shifting investor attention back to autonomy and high-margin software revenue.
BofA Upgrade Fuels Intel Rally on Foundry Optimism
Intel shares surged after Bank of America upgraded the stock to Buy, citing strong foundry prospects and server CPU growth, despite ongoing operational losses.
UiPath stock lags buyback price as AI strategy faces market skepticism
UiPath (PATH) shares remain near $10.75, below the company's recent buyback average, as the market questions its AI-driven growth narrative despite improved earnings.
Micron Drops Again as AI Memory Rally Faces Headwinds
Micron shares fell 4.7% amid a broad selloff in AI chip stocks, even as the company named Bechtel for its New York memory-fab project. The market now looks to the June 24 earnings report for validation.
Oracle's AI Data Center Spend Weighs on Stock Despite Record Cloud Backlog
Oracle shares dropped 8.9% after hours as investors reacted to the company's plan to raise $40B for AI data centers, despite record revenue and a $638B backlog.
