Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Micron Surges on AI Memory Demand as Chip Rally Intensifies
Micron Technology shares surged 15.5% to $746.81 on Friday, fueled by soaring demand for AI memory chips. Q2 revenue reached $23.86 billion, and Q3 guidance of $33.5 billion underscores the strategic importance of memory in AI.
Micron Hits $850B Market Cap as AI Memory Demand Surges
Micron Technology's market value topped $850 billion as shares surged to $746.81, fueled by AI demand for memory chips. Quarterly revenue nearly tripled, with DRAM, NAND, and HBM sales hitting records.
IREN Secures $3.4B Nvidia Cloud Deal, Pivots from Bitcoin Mining to AI
IREN Limited inked a $3.4 billion, five-year cloud-services agreement with Nvidia, which also secured an option to purchase up to 30 million IREN shares at $70 each, signaling a strategic pivot from bitcoin mining to AI infrastructure.
Intel Stock Jumps 14% on Apple Foundry Deal: The Real Test Begins
Intel shares surged 13.9% on a reported preliminary chipmaking deal with Apple, but with a $2.44B foundry loss, the real test lies ahead.
ON Semiconductor Raises $1.3B via Convertible Notes, Eyes Buyback and Growth
ON Semiconductor priced $1.3 billion in zero-coupon convertible notes due 2031, using $331.9 million for share buybacks, as the chipmaker signals a cyclical recovery and AI-driven demand.
IonQ's $1.8B Chip Foundry Bet Secures Shareholder Approval
SkyWater Technology shareholders approved IonQ's $1.8 billion acquisition, clearing a key hurdle. The deal is expected to close in Q2 or Q3 2026.
Coherent Bounces Back as AI Data Center Demand Drives Capacity Expansion
Coherent shares rebounded 5.03% to $335.26 on Friday, recovering from a post-earnings slide, as AI data-center demand and a $2 billion Nvidia deal drive capacity expansion.
Hut 8's $9.8B Texas AI Lease Signals Pivot from Crypto Mining
Hut 8 Corp. unveiled a $9.8 billion, 15-year AI data center lease in Texas, driving broker price targets higher as the company pivots from crypto mining to AI infrastructure.
Samsung Faces Pivotal 48-Hour Mediation as AI Chip Profits Spark Labor Dispute
Samsung Electronics faces two days of government-backed wage mediation, with the union threatening an 18-day strike if demands for a 15% profit bonus are not met.
Planet Labs Surges 11% on Greek Satellite Imaging Deal, Signaling EU Demand
Planet Labs shares surged 10.8% after a two-year, seven-figure contract with Greece's National Satellite Space Project, signaling growing European demand for satellite imagery.
Nokia Rebounds on AI Demand, Faces Sustained Rally Test
Nokia's shares rose over 3.8% Friday, recovering from a steep Thursday drop, as strong AI and cloud sales lift sentiment. The company maintains its profit outlook and raises 2026 growth targets.
Penguin Solutions Insider Sale Emerges Amid AI-Fueled Rally
Penguin Solutions SVP Joseph Clark files to sell 4,649 shares worth $181,218. The disclosure comes as PENG stock surges 13.5% to a 52-week high, with AI infrastructure growth offsetting Q2 revenue decline.