Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Revolution Medicines Stock Gains Pre-Market on Promising Pancreatic Cancer Data
Revolution Medicines shares gained 1.9% premarket after Phase 3 data showed its experimental pill daraxonrasib nearly doubled median survival in pancreatic cancer to 13.2 months versus 6.7 months for chemotherapy.
IBM's Major Quantum and Security Pledges Propel Stock Higher
IBM shares jumped 12.7% as the company committed $15 billion to quantum computing and open-source security, boosting investor sentiment.
Verizon's No-Trade-In Phone Bundles Face Customer Service Challenges
Verizon's new no-trade-in phone bundles aim to drive postpaid growth, but customer reports of two-hour store waits and lower J.D. Power satisfaction ratings highlight service hurdles.
Micron's AI-Driven Surge Puts Rival Samsung Under Pressure
Micron Technology (MU) is riding a wave of AI server demand, nearing a $1.11 trillion market cap. UBS tripled its price target to $1,625, while rivals like Samsung push new HBM chips.
Micron's AI Surge Faces Samsung HBM Challenge Ahead of Earnings
Micron nears $1.1 trillion market cap on AI demand and tight HBM supply, with UBS tripling its target to $1,625. Samsung's new HBM4E chips challenge the stock ahead of June 24 earnings.
Intel's 200% Rally Faces Reality Check After Computex Reveal
Intel shares fell 5.1% on Friday, trimming a 200% year-to-date rally, as the company unveiled new data-center chips at Computex but faces skepticism over its AI turnaround.
Marvell Stock Holds Near Record Highs After AI-Driven Revenue Boost
Marvell Technology shares ended Friday at $205.00, gaining 4.4% for the week after reporting record Q1 sales of $2.418 billion and raising its AI-led revenue outlook.
Rocket Lab Retreats After Blue Origin Incident; Traders Weigh Next Moves
Rocket Lab shares fell 3.1% Friday after a Blue Origin rocket test explosion, but the stock posted weekly gains. The company closed a key acquisition and won a $90 million Space Force contract.
D-Wave Shares Climb Ahead of Investor Day, CHIPS Act Funding in Focus
D-Wave Quantum (QBTS) closed Friday at $30.14, up 2.2%, ahead of its June 1 investor day. Focus is on $100 million in proposed CHIPS Act funding, which is not finalized and may dilute shares.
