Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Lam Research Nears Record High Ahead of CFO's Tech Conference Speech
Lam Research stock closed near record highs on Friday, with investors focused on AI-driven demand and CFO Doug Bettinger's upcoming speech at Bank of America's Global Technology Conference.
IonQ Rises as Quantum Computing Sector Gains Momentum
IonQ shares rose 2.75% to $72.07 Friday, extending a 13% weekly gain, as quantum computing stocks drew fresh interest following IBM's $10 billion investment pledge.
Intuitive Surgical Dips Despite Record Highs for Nasdaq and S&P 500
Intuitive Surgical shares slipped 3.1% last week to $424.64, even as the Nasdaq and S&P 500 reached new records. Q1 revenue rose 23% to $2.77 billion, but tariff risks and a drop in bariatric procedures kept investors cautious.
STMicroelectronics ADRs Rise on AI, Satellite Push; CEO to Speak June 2
STMicroelectronics ADRs gained 3.7% last week, closing at $69.31. The company launched 700V PowerGaN chips for AI servers and industrial uses, targeting $3.45B Q2 revenue.
Micron's Surge Faces Key Test as Options Signal 10% Swing
Micron's market cap nears $1.11 trillion after a sharp AI-driven rally, with options traders expecting a 10% swing next week. The company's HBM supply for 2026 is already sold out.
KLA Corp Slips from Record High Ahead of 10-for-1 Stock Split
KLA Corp. shares slipped from a record high, closing at $1,921.71, as the company prepares for a 10-for-1 stock split on June 12. Fiscal Q3 revenue reached $3.415 billion.
ASML Hits 52-Week High Then Retreats; China Export Curbs Loom
ASML shares hit a 52-week high before closing lower on Friday, as investors weighed strong AI chip demand against renewed China export control risks.
Accenture rallies 4.86% on AI joint venture, but 2026 losses remain steep
Accenture shares jumped 4.86% Friday to $187.07 on heavy volume after a Tokyo AI joint venture with Mitsubishi Chemical, but the stock remains down 29.27% for 2026.
Cisco Hits All-Time High as AI Order Forecast Lifts Sentiment
Cisco shares closed at a record $120.42 on Friday after the company boosted its 2026 AI infrastructure order forecast to $9 billion. The stock's rally sets the stage for next week's Cisco Live event and U.S. jobs data.
Datadog Surges 9.8% After RBC Price Target Hike; Conference Appearance Awaited
Datadog shares jumped 9.8% on Friday after RBC Capital raised its price target to $250, capping an 11.3% weekly gain. The company reported strong Q1 results and achieved FedRAMP High certification.