Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Palantir's Upbeat Forecast Fails to Lift Stock as AI Rally Stalls
Palantir closed at $133.99 on Friday, down 2.8% from May 8, despite raising its 2026 revenue outlook. The Nasdaq ended a six-week rally as oil and yields weighed on AI stocks.
ServiceNow Gains Ahead of Key Week After Debt Sale and AI Focus
ServiceNow shares rose 5.05% to $95.07, outperforming major indexes, after completing a $4 billion debt offering to fund its Armis acquisition.
Aurora Innovation Stock Dips 5.75% Ahead of Annual Meeting
Aurora Innovation shares closed at $7.71 on Friday, down 5.75%, but remain up 10% from last week. The company aims to deploy over 200 driverless trucks by year-end and holds its annual meeting on May 21.
Cisco Hits All-Time High as AI Orders Surge, Job Cuts Announced
Cisco shares closed at $118.21 after a 22% weekly gain, fueled by strong earnings and a raised AI revenue outlook to $9 billion. The stock jumped 17% on Thursday.
Micron's AI Momentum Faces Test After Volatile Week
Micron Technology shares closed down 6.6% on Friday at $724.66 after a volatile week, but the stock remains up nearly 154% for the year. The drop was part of a broader market selloff as Treasury yields rose.
Figma Surges 13% on AI-Driven Revenue Boost, Full-Year Outlook Raised
Figma shares surged 13.24% Friday to $22.92 after raising its 2026 sales outlook and posting Q1 revenue up 46% to $333.4M, driven by AI monetization.
Apple Stock Breaks $300 Barrier as Market Eyes Services and AI Growth
Apple shares closed above $300 for the first time, driven by strong earnings and analyst optimism over services and AI growth prospects.
Nokia Stock Set to Test AI Rally Momentum as Markets Reopen Monday
Nokia shares closed at 11.905 euros on Friday, up 8.8% from May 8, as AI and cloud sales surged 49%. The stock faces a key test Monday with the average analyst target below the current price.
POET Shares Drop 22% After $400M Funding Deal, AI Demand Concerns Linger
POET Technologies shares dropped 22% Friday after a $400 million direct offering was announced, trimming weekly gains to 46% amid investor concerns over dilution and AI demand execution.
Infleqtion Shares Drop 11% After Record Revenue, Loss Widens
Infleqtion shares dropped 10.95% Friday to $12.44 despite record revenue and raised 2026 outlook, as a wider net loss and reliance on government contracts weighed on investor sentiment.