Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
CXApp Surges 75% on AI Acquisition, Raises Dilution Concerns
CXApp stock surged 75% following the $4.6 million acquisition of AI firm EngineRoom, which is expected to lift annualized revenue to $12 million. A concurrent share issuance to Avondale Capital flagged dilution risks.
Solidion Rockets on Space Battery News Despite Cash Crunch
Solidion shares soared 361% after announcing a battery platform for space and AI data centers, yet the company has no customer orders, minimal cash, and a going-concern warning.
Broadcom's AI Chip Miss Casts Doubt on Nvidia's Growth Trajectory
Broadcom's AI chip miss dragged Nvidia shares lower, as investors question whether Nvidia can sustain its rapid growth amid sky-high expectations.
AT&T shares pressured as Starlink IPO looms, analysts flag broadband risk
AT&T shares hover near $23.55 after a 4.4% decline on concerns over SpaceX's Starlink IPO, which could upend the broadband market. Oppenheimer downgraded AT&T, flagging long-term subscriber risk.
Alphabet Stock Slips on $84.75B Equity Raise for AI Spend
Alphabet shares fell 0.7% premarket as investors reacted to its $84.75B equity raise, anchored by a $10B Berkshire Hathaway investment, to fund AI infrastructure. 2026 capex is forecast at $180-$190B.
IREN Shares Slide on Australia Data Center Expansion Despite Major Contracts
IREN shares dropped 5.8% in premarket trading after announcing an 800MW Australian data center, despite a $3.65B GPU financing deal and contracts with Microsoft and Nvidia.
BlackBerry's QNX AI Strategy Faces Investor Scrutiny Ahead of Earnings
BlackBerry shares slipped to $10.18 as executives pitched QNX as a growth engine at Baird conference. Investors eye June 25 fiscal Q1 results for proof of AI-driven revenue momentum.
Marvell Hits Record High on AI Demand and Nvidia Backing
Marvell shares surged to a record close of $301.65 following Nvidia CEO Jensen Huang's bullish comments and strong Q1 earnings, highlighting AI-driven growth in data-center networking and custom chips.
Intel Stock Rebounds on AI CPU Plans at Computex
Intel shares surged 4.43% to $112.71, halting a five-day slide, as the company pitched CPUs as key to AI at Computex, unveiling Xeon 6+ processors and rack-scale AI hardware.
Nvidia Shares Slip 3.6% as AI Rally Faces Supply and Margin Tests
Nvidia shares slid 3.6% to $214.75 on Wednesday as profit-taking after Computex and broader market weakness offset positive supply comments and new AI PC chip announcements, testing the AI rally's momentum.