Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Hoth Therapeutics Soars on Pivot to Space-AI with Rocket One Rebrand
Hoth Therapeutics shares jumped 71% to $1.21 after the company rebranded as Rocket One Inc., shifting focus from biotech to space, defense, and nanomagnetic AI chips.
Applied Digital Secures 1 GW in AI Contracts, Execution Risks Loom
Applied Digital shares held near $45.25 after a $7.5B lease boosted contracted capacity to 1.2 GW and revenue to $31B. Execution risks remain key.
SanDisk’s AI-Fueled Surge Outpaces Wall Street Targets
SanDisk shares fell 2% to $1,557.74 even after Barclays nearly doubled its price target, as the AI-driven rally outpaces analyst expectations.
Intel Edges Higher Premarket Despite Downgrade as CEO Heads to Taiwan for TSMC Talks
Intel shares rose 1.1% premarket Wednesday after a 3.1% gain Tuesday, but Northland downgraded the stock to Market Perform, saying the price is ahead of 2027 forecasts. CEO Lip-Bu Tan is traveling to Taiwan for TSMC meetings ahead of COMPUTEX.
Micron Joins $1 Trillion Club as AI Memory Demand Surges
Micron Technology crossed $1 trillion in market value Tuesday, closing at a record $895.88 after UBS raised its price target to $1,625. Shares rose 5.8% premarket Wednesday as demand for AI-related memory chips surged.
Nokia Stock Hits New Highs on AI-Driven Optical Network Demand
Nokia shares hit a new 52-week high in Helsinki and a record high in US ADRs, driven by strong Q1 earnings and surging AI and cloud sales.
Nokia Stock Soars to New Highs on AI Cloud Demand
Nokia shares hit a 52-week high as AI and cloud sales surge 49%, driving a 54% jump in Q1 operating profit. The stock is now trading above most analyst targets.
TSMC Takes Center Stage as Nvidia Deepens Taiwan Ties
Nvidia plans to spend up to $150B yearly in Taiwan, highlighting TSMC's critical role in AI chip manufacturing. TSMC's April revenue rose 17.5% YoY.
BlackBerry Hits 52-Week High on AtHoc Certification and QNX Robotics Push
BlackBerry stock surged to a 52-week high, driven by AtHoc government cloud recertification and QNX robotics demonstrations. Q1 FY2027 earnings are expected around June 25.