Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Butterfly Network Surges on Midjourney Scanner Deal and Chip Licensing Pact
Butterfly Network shares jumped over 50% after Midjourney announced a full-body scanner using Butterfly's ultrasound chips, spotlighting a five-year licensing deal worth up to $74 million.
TSMC Hits Near-Record Levels Ahead of Holiday as AI Rally Lifts Taiwan Market
TSMC shares approached record highs in Taipei before the Dragon Boat Festival holiday, buoyed by sustained AI chip demand. The Taiex index closed at a new record, with TSMC adding over 200 points.
Apple Set to Raise Prices as Memory Costs Surge; Micron Rallies on AI Demand
Apple will raise prices on some products as memory and storage-chip costs surge, with CEO Tim Cook calling increases unavoidable. Micron shares jumped 8.8% as investors bet on sustained chip pricing power.
Rigetti Valuation Under Scrutiny as Quantum Sector Navigates CHIPS Act Hurdles
Rigetti shares trade near $20 as investors weigh a $100M government funding letter against a $6.85B valuation, with analysts warning of a potential 50% decline.
IBM Shares Slide on Accenture's Weak Forecast and AI Control Fears
IBM dropped 6.9% after Accenture's weak sales outlook and an IBM study flagged AI control concerns, fueling fears of slower enterprise AI spending.
Honda Partnership Fuels QuantumScape Stock Surge Amid Solid-State Battery Push
QuantumScape stock jumped 5.7% to $7.29 following a Honda R&D solid-state battery research agreement, but the company still lacks revenue and warns significant production is not imminent.
Ondas Acquires Cyberhawk in $125M Deal, Boosting Drone Inspection Capabilities
Ondas Inc. announced a $125M cash acquisition of Cyberhawk, a drone inspection firm, expanding its utility and energy market reach.
Meta shares recover from selloff as AI spending concerns persist
Meta shares rebounded in premarket trading Thursday after a 5.4% decline, as markets digest the exit of AI executive Emily Dalton Smith and ongoing restructuring.
Alphabet Stock Dips as Gemini Co-Lead Departs for OpenAI
Alphabet shares edged lower after Gemini AI co-lead Noam Shazeer moved to OpenAI, sparking worries about Google's AI momentum and talent retention.
