Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Atlassian Soars 26% in Holiday-Shortened Week on Cloud Strength
Atlassian shares surged 26% in a holiday-shortened week after strong quarterly results, with cloud revenue rising 29% and ARR surpassing $1 billion. The rally was part of a broader software rebound led by Snowflake and Dell.
Palo Alto Networks Jumps on AI Acquisition, Earnings Ahead
Palo Alto Networks shares surged 9.28% to $281.69 Friday after closing its Portkey AI acquisition. The stock rose 8.1% for the holiday-shortened week, with earnings due Tuesday.
Adobe Shares Surge on AI Shopping Data, Weekly Gain Nears 6%
Adobe shares jumped 7.36% Friday, posting a 5.9% weekly gain, fueled by strong AI shopping data and bullish sentiment. Q2 earnings are due June 11.
Adobe Stock Surges 7.4% on AI Shopping Data, Eyes Q2 Earnings
Adobe shares jumped 7.36% on Friday, erasing weekly losses, as AI-driven shopping conversions surged 182% year-over-year. The stock gained 5.9% for the week ahead of Q2 earnings on June 11.
Anthropic Hits $965B Valuation in Record AI Funding Round
Anthropic closed a $65 billion Series H round at a $965 billion valuation, overtaking OpenAI. The company reported $47 billion in run-rate revenue and may pursue debt financing and an IPO.
Dell's AI Server Boom Lifts Super Micro Shares, But Risks Loom
Super Micro Computer shares jumped 11.6% on Friday after Dell Technologies boosted its AI-server revenue forecast, though export control probes and margin concerns persist.
Palo Alto Networks Hits Record High on AI Security Demand Ahead of Earnings
Palo Alto Networks shares hit a record $281.69, up 9.3%, as AI security tailwinds and analyst optimism fuel buying ahead of earnings.
Zeta Global Soars 13% on AI Optimism and Options Surge
Zeta Global shares surged 13.43% Friday amid heavy call-option activity and a loyalty-data study. Q1 revenue grew 50% to $396 million, and the company lifted its 2026 revenue forecast.
POET Technologies Stock Slips Again as $400M AI Optics Plan Faces New Hurdles
POET Technologies shares dropped 7.3% Friday, closing at $12.29 as the company's $400 million AI optics push faces setbacks including canceled orders and a securities class action.
Microsoft Rallies on $9.7B Pentagon Deal and AI Model Unveiling
Microsoft shares climbed over 5% to $450.24 on a $9.7B Pentagon deal and upcoming AI model launches, pushing its market value near $3.35 trillion.