Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Freshworks Holds Steady as AI Restructuring Test Looms in Q2
Freshworks shares held flat near $9.39 on heavy volume, as investors weigh AI restructuring costs and Freshservice focus ahead of Q2 results.
Netflix Edges Up Despite Jefferies Target Cut, Focus on APAC Mobile Launch
Netflix shares edged up 0.9% to $82.13 despite a Jefferies price target cut, as the market focuses on the company's new mobile app features in Asia-Pacific and Q2 margin guidance.
Amazon Secures $17.5B Loan, AI Spending Raises Cash Flow Concerns
Amazon shares fell 2.3% after disclosing a $17.5B loan facility, intensifying scrutiny of AI spending as free cash flow dropped sharply and debt rose.
Palantir CEO Slams AI Lab Billing as Enterprise Clients Grow Wary
Palantir CEO Alex Karp told CNBC that enterprise clients are privately unhappy with AI labs' billing practices, as companies face sticker shock and limited cost savings. Palantir pitches its software and engineers as a solution.
Super Micro Stock Tumbles on $7 Billion Capital Raise Despite $39 Billion in AI Server Orders
Super Micro shares dropped 11% premarket after unveiling a $7 billion financing plan to support $39 billion in AI server orders, which are not firm commitments, sparking dilution and working-capital worries.
Rigetti Computing Stock Drops After Director Files to Sell $2.6 Million in Shares
Rigetti Computing shares dropped 9.55% Tuesday after a director filed to sell $2.6 million in stock, testing the recent rally on a potential $100 million U.S. quantum-computing award.
UiPath Stock Extends Slide as ARR Growth Concerns Persist
UiPath shares continued to decline as investors scrutinize the gap between revenue and ARR growth, with Q2 guidance becoming the focal point for the stock's direction.
IREN Stock Extends Losses as AI Cloud Execution Takes Center Stage
IREN shares dropped 8.73% on Tuesday and fell further premarket Wednesday, as market sentiment weighed on the stock despite bullish analyst calls. Execution on Microsoft and Nvidia AI contracts is key.
Apple Stock Declines as Siri AI Launch Faces Delays and Device Restrictions
Apple shares dropped $11.01 to $290.55 after WWDC as Siri AI's delayed beta and strict device requirements dampen upgrade hopes, with Morgan Stanley flagging over 1.3 billion iPhones excluded.
Micron Faces Critical AI Demand Test Ahead of June 24 Earnings
Micron shares fell 1.5% to $935.89 as the AI-chip rally cooled, yet bullish analyst calls and price targets up to $1,625 keep focus on June 24 earnings to validate its trillion-dollar valuation.
YY Group Surges Premarket After Deploying Humanoid Robots
YY Group (YYGH) shares surged to $0.19 in premarket after announcing the deployment of Unitree G1 humanoid robots for facility management, aiming to monetize operational data.