Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Nebius Shares Surge on $643 Million Eigen AI Acquisition
Nebius Group acquires Eigen AI for $643M in cash and stock, sending NBIS shares up nearly 12% as the company strengthens its AI inference capabilities.
Uber Expands Robotaxi Operations with Hertz Deal, Shifts Strategy Ahead of Earnings
Uber is expanding its robotaxi operations by partnering with Hertz's Oro Mobility for fleet management, signaling a strategic shift toward direct operations. The move comes ahead of Uber's Q1 earnings.
Applied Materials Secures 140 Acres in Karnataka for AI Chip R&D Hub
Karnataka approved 140 acres for Applied Materials near Bengaluru airport for AI chip R&D. The land is valued at ₹780 crore, with final clearances pending.
Asia's Tech Stocks Surge as Nvidia's Physical AI Strategy Reshapes Supply Chain
Nvidia's focus on physical AI is reshaping its supply chain, with Asian suppliers now representing 90% of production costs. Stocks like LG Electronics and Samsung rise as AI demand broadens.
MaxLinear's AI Data-Center Pivot Under Pressure as Stock Surges Past Analyst Targets
MaxLinear shares surged 9.1% to $77.18 after infrastructure revenue overtook broadband, driven by AI data-center chips. But the stock now trades above analyst targets, raising execution and valuation concerns.
TSMC's Longtan Revival: AI Chip Expansion Faces Hurdles
The Longtan Science Park expansion has been revived, potentially hosting TSMC's next-gen chip fabs with up to NT$600 billion in investment, pending land and environmental approvals.
Planet Labs Deploys Swedish Military Satellite Via SpaceX Rideshare
Planet Labs launched three Pelican satellites on a SpaceX rideshare, including the first for its Swedish Armed Forces deal. The satellites feature high-res imaging and Nvidia Jetson edge computing.
Coherent Corp. Eyes AI Optics Growth as Earnings Approach
Coherent shares rose 3.1% to $329.50 ahead of fiscal Q3 results on May 6. The key test: can AI optics demand sustain growth without hurting margins?
Everspin Technologies Surges on $40M Defense MRAM Contract
Everspin Technologies shares surged on a $40M defense MRAM subcontract with Amentum Services, running through Nov. 2028. Q1 revenue rose to $14.9M, with MRAM product sales at $14.1M.
Vertiv Hits New High as AI Infrastructure Demand Drives Growth
Vertiv shares hit a 52-week high Friday as Q1 net sales jumped 30% to $2.65B, fueled by AI data-center demand. The company raised its 2026 outlook and expanded its liquid cooling portfolio.
BlackBerry's QNX Software Powers 275 Million Vehicles, Driving Profit Turnaround
BlackBerry's QNX software now runs in over 275 million vehicles, generating $268 million in fiscal 2026 revenue and helping the company post a $53.2 million profit.
Fiserv Joins x402 Foundation for AI-Driven Payments Ahead of Q1 Earnings
Fiserv has joined the x402 Foundation to develop open standards for automated internet payments, ahead of its Q1 earnings release on May 5 and investor day on May 14.