Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Nokia Hits New 52-Week High on AI Optimism, But Valuation Concerns Mount
Nokia shares reached a new 52-week high of €14.75, fueled by AI-driven growth and a 54% jump in Q1 operating profit. Yet, the stock's forward P/E has doubled to 36, raising concerns about valuation relative to AI's small contribution to sales.
Rigetti Stock Rises 4.9% Amid Insider Sales and $100M Commerce Department Proposal
Rigetti Computing shares rose 4.9% to $26.88, boosting market cap to $9.0B, as insider filings showed CEO and CTO sold shares. A proposed $100M Commerce Department deal could speed R&D but may dilute shareholders.
SoFi's AI Coach Launch Fails to Lift Premarket Shares as Growth Debate Intensifies
SoFi shares slipped 0.9% premarket after launching an AI financial coach, as investors weigh record Q1 growth against unchanged 2026 guidance and credit risks.
Intel Faces Market Test After Computex AI Push
Intel shares fell 1.3% to $107.93 in premarket trading after Computex, as the company pitched its AI inference and agentic AI strategy amid fierce competition.
BlackBerry Stock Hits 52-Week High on QNX Optimism
BlackBerry shares hit a 52-week high after CFO Tim Foote declared the turnaround complete, with QNX driving growth. Earnings on June 25 will test revenue gains.
Marvell Hits Record as Huang's Praise Fuels AI Chip Rally
Marvell Technology shares surged 32.5% to a record after Nvidia CEO Jensen Huang called it the next trillion-dollar company, driving a broader chip rally. The stock now trades near 100 times earnings, with high expectations for AI-driven growth.
Nvidia's Market Cap Nears $5.4 Trillion as Marvell Surges on AI Endorsement
Nvidia shares eased in premarket trading Wednesday, pausing after recent AI-driven gains, as Marvell Technology surged following CEO Jensen Huang's endorsement. Investors await Broadcom results and key economic data.
Snap Shares Fall as Market Rises, Turnaround Doubts Linger
Snap Inc. shares fell 1.5% to $5.76, lagging the broader market, as investors question the turnaround amid sluggish ad growth and upcoming Specs update.
Infleqtion Surges on UK Quantum Expansion and Sponsorship Deal
Infleqtion shares surged 12.4% on Tuesday after unveiling a Gold Sponsorship of Quantum Fringe 2026 and new UK quantum collaborations, outpacing sector peers.
Corning Surges 13% on Nvidia AI Optical Link Demand
Corning shares soared 13.4% on heavy volume after Nvidia CEO Jensen Huang emphasized the need for optical interconnects in AI data centers, with Corning's recent deals with Nvidia and Meta making it a key AI infrastructure play.
IonQ Rises Ahead of Quantinuum's Mega IPO, Sector Benchmarks in Focus
IonQ shares rose 3.1% to $71.40 as markets anticipate Quantinuum's $1.46B IPO. Q1 revenue jumped 755% to $64.7M, but a $271.5M operating loss highlights risks.