Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Lumentum Shares Surge as Analysts Boost Targets Ahead of Earnings
Lumentum shares rose 4% to $1,016 as analysts raised price targets ahead of fiscal Q3 earnings, with the stock up 1,444% over the past year.
DigitalOcean Shares Surge 36% on Raised Revenue Forecasts Driven by AI Cloud Demand
DigitalOcean shares soared 36% after lifting its 2026 and 2027 revenue outlook, citing surging AI workload demand and larger customer deals. Q1 revenue climbed 22% to $258 million.
Digi Power X Stock Soars on $1.1B AI Data Center Deal with Cerebras
Digi Power X shares jumped 30% on a $1.1 billion, 10-year deal with Cerebras to host a 40-MW AI data center in Alabama, with potential value up to $2.5 billion.
SanDisk Surges on AI Storage Demand, but Earnings Call Hints at Slowing Price Gains
SanDisk shares rose 9.3% to $1,372.33 after a stellar Q3, but the earnings call hinted that rapid price increases may be cooling.
Xanadu Quantum Faces 294M Share Overhang After EV Group Deal
Xanadu Quantum Technologies stock faces pressure from a 294M share resale registration, even as it partners with EV Group for photonic chip manufacturing. First earnings report due May 14.
Micron Joins US Market Cap Elite on AI Memory Surge
Micron Technology's market cap nears $660 billion as AI demand for high-bandwidth memory drives record revenue and earnings, with plans to exit consumer memory by 2026.
Gloo Acquires EnterpriseMarketdesk to Boost Workday AI Services
Gloo closed its acquisition of EnterpriseMarketdesk, adding Workday consulting and support for nonprofits and mid-market clients. Shares fell 1.1% to $6.97.
Ouster Shares Surge on Rev8 Lidar Launch Combining Color and Depth Sensing
Ouster stock jumped 7.9% to $28.55 after the launch of Rev8 lidar, which integrates color and depth sensing. Google and Volvo Autonomous Solutions plan to adopt the sensor. Q1 results are expected Tuesday.
DoorDash Enables SNAP Payments for Kroger Delivery Across 2,700 Stores
DoorDash has begun accepting SNAP/EBT payments for grocery delivery from nearly 2,700 Kroger-family stores, expanding low-income food access and intensifying competition with Uber Eats and Instacart.
SEALSQ Shares Surge on Heavy Options Activity Ahead of Shareholder Vote
SEALSQ Corp shares climbed 5% to $3.015 on heavy call option volume ahead of its May 7 shareholder meeting. Preliminary Q1 revenue tripled to $4.1 million.
Sivers Semiconductors Surges 47% on Nasdaq Dual-Listing Progress and AI Photonics Bet
Sivers Semiconductors shares surged 47% to SEK 55.95, extending 2024 gains past 1,200%, as the company progresses toward a Nasdaq New York dual listing and a SEK 125 million share issue.