Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Aurora Innovation Gets Outperform Rating, Shares Jump Ahead of Monday Trading
Aurora shares surged 3.8% to $7.34 after Northland gave an Outperform rating and $11 target, citing AI and autonomous driving. The company expects hundreds of driverless trucks by year-end.
Trade Desk Slips as Competition Fears Weigh; Analyst Issues Sell Rating
Trade Desk shares ended the week down 3.7% at $21.56, lagging market gains, as a new analyst warning and competitive pressures from Google and Amazon weigh on sentiment.
Dell Soars on AI Server Boom, But Sustainability in Question
Dell Technologies shares jumped 33% after reporting record Q1 revenue of $43.8B, driven by $16.1B in AI server sales. The company raised its AI server target to $60B for the year, but questions about sustained demand persist.
Tesla's Rally Halts as Robotaxi Ambitions Face New Scrutiny
Tesla shares fell 1.43% on Friday, snapping a six-day rally, as reports of Full Self-Driving software struggles and a massive capital spending plan weigh on the stock.
SoundHound AI Rallies on Heavy Volume; Monday Trading Key for Sustained Momentum
SoundHound AI closed Friday up 5.14% to $9.00 on heavy volume, ending the week over 10% higher. The rally faces a test Monday as the market weighs dilution from a $300 million share sale and the pending LivePerson acquisition.
AI Infrastructure Orders Boost Cisco's Outlook, Stock Nears Highs
Cisco closed near $120 after a strong Q3 earnings report, with AI infrastructure orders surging and full-year guidance raised to $9 billion.
BlackBerry Hits Six-Session Rally: QNX Backlog and FedRAMP Win Fuel Optimism
BlackBerry closed at $9.00, up 2.5% Friday and 13.8% for the week, fueled by QNX revenue growth, a $950M royalty backlog, and FedRAMP re-certification.
Micron Surpasses $1 Trillion Market Cap as AI Memory Demand Drives Record Rally
Micron closed at $971 Friday, up 29.3% since May 22, topping a $1.11 trillion market cap as AI memory demand and a UBS price target hike fueled a record week. Options markets signal a 10% swing next week.
Archer Aviation Gains Ground in Short Week, Eyes Certification Milestones
Archer Aviation shares closed at $6.81, up 7.1% for the shortened week, after becoming the first eVTOL firm to complete FAA Phase 3 certification. Q1 net loss widened to $217.7M.
Meta's AI Ambitions Tested as Investors Eye Cost Returns
Meta shares ended the week up 3.6% as the company prepares to test an AI pendant next year, while investors scrutinize rising capital expenditure and Reality Labs losses.
Amazon's June Prime Day and AI Spending Test $3 Trillion Market Cap
Amazon shares ended Friday lower but rose 1.6% for the week, as investors weigh an earlier Prime Day in June against surging AI spending.