Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
IBM Shares Cool After Quantum, Barclays, and Retail Rally
IBM shares eased 0.4% to $319.10 after hitting a high of $327.22, as investors weighed a $10B quantum computing plan, a Barclays upgrade, and a $1B CHIPS-funded foundry. Retail trading spiked but risks persist.
POET Technologies Rebounds on AI Optics Demand and $400M Financing
POET Technologies shares surged 10% to $15.24 as traders returned to the AI-hardware stock after a 17.1% drop, boosted by a $400M financing and a $50M Lumilens deal potentially worth $500M.
Micron Hits $1 Trillion Market Cap as AI Memory Demand Drives Analyst Upgrades
Micron Technology stock surged above $1,000, reaching a $1.18 trillion market cap, as multiple analysts raised price targets on strong AI-driven demand for high-bandwidth memory and tight supply.
Amazon's Satellite Internet Nears Commercial Launch, BofA Says
Bank of America maintains a Buy rating on Amazon with a $310 price target, citing the imminent first revenue from its Leo satellite network, which now has 331 satellites deployed.
Arm's AI Chip Revenue Target Nears as Demand Surges Beyond Expectations
Arm CEO Rene Haas says demand for its AI data-center CPU is outpacing forecasts, with customers like ByteDance and Oracle. Shares jumped 15.73% to an all-time high as Nvidia launched an Arm-based PC chip.
Sivers Rockets 65% on GlobalFoundries AI Photonics Pact
Sivers Semiconductors shares surged 65% in Stockholm after announcing its lasers will be used in GlobalFoundries' silicon-photonics designs for AI data-center optical links.
CoreWeave Gains Early Access to Nvidia's Vera Rubin, Debt Concerns Loom
CoreWeave shares surged 13.96% after announcing the first validated deployment of Nvidia's Vera Rubin NVL72 system. Despite strong revenue and backlog growth, the company faces mounting debt and a widening net loss.
TSMC Hits Record High on AI Demand, Valuation Concerns Persist
TSMC hit a record high in Taipei, fueled by AI enthusiasm and Nvidia ties, but valuation models suggest the stock is significantly overvalued.
Palantir Navigates AI-Driven Rally Amidst Analyst Divergence
Palantir shares slipped in premarket Tuesday after a rally. Q1 revenue jumped 85% to $1.633B, with raised 2026 outlook. Analysts remain divided on valuation.
Rigetti Stock Edges Up on Quantum Error Correction Milestone; Insider Sales Draw Attention
Rigetti shares edged higher after a quantum error correction paper was published. Meanwhile, insider stock sales and a non-binding funding deal are also in focus.