Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
MaxLinear's AI Data-Center Pivot Under Pressure as Stock Surges Past Analyst Targets
MaxLinear shares surged 9.1% to $77.18 after infrastructure revenue overtook broadband, driven by AI data-center chips. But the stock now trades above analyst targets, raising execution and valuation concerns.
TSMC's Longtan Revival: AI Chip Expansion Faces Hurdles
The Longtan Science Park expansion has been revived, potentially hosting TSMC's next-gen chip fabs with up to NT$600 billion in investment, pending land and environmental approvals.
Planet Labs Deploys Swedish Military Satellite Via SpaceX Rideshare
Planet Labs launched three Pelican satellites on a SpaceX rideshare, including the first for its Swedish Armed Forces deal. The satellites feature high-res imaging and Nvidia Jetson edge computing.
Coherent Corp. Eyes AI Optics Growth as Earnings Approach
Coherent shares rose 3.1% to $329.50 ahead of fiscal Q3 results on May 6. The key test: can AI optics demand sustain growth without hurting margins?
Everspin Technologies Surges on $40M Defense MRAM Contract
Everspin Technologies shares surged on a $40M defense MRAM subcontract with Amentum Services, running through Nov. 2028. Q1 revenue rose to $14.9M, with MRAM product sales at $14.1M.
Vertiv Hits New High as AI Infrastructure Demand Drives Growth
Vertiv shares hit a 52-week high Friday as Q1 net sales jumped 30% to $2.65B, fueled by AI data-center demand. The company raised its 2026 outlook and expanded its liquid cooling portfolio.
BlackBerry's QNX Software Powers 275 Million Vehicles, Driving Profit Turnaround
BlackBerry's QNX software now runs in over 275 million vehicles, generating $268 million in fiscal 2026 revenue and helping the company post a $53.2 million profit.
Fiserv Joins x402 Foundation for AI-Driven Payments Ahead of Q1 Earnings
Fiserv has joined the x402 Foundation to develop open standards for automated internet payments, ahead of its Q1 earnings release on May 5 and investor day on May 14.
Intel's SambaNova Investment Clears Antitrust Hurdle Amid AI Chip Surge
Intel's SambaNova investment cleared U.S. antitrust review, removing a key barrier as INTC stock approaches $100 on AI demand.
AXT Stock Surges 21% on AI Wafer Demand and $100M Backlog
AXT shares surged 21% after Q1 revenue rose to $26.9M and net loss narrowed, with the InP backlog exceeding $100M due to AI data center demand.
Amkor's $1B Zero-Interest Bond Sale Fuels AI Chip Packaging Expansion
Amkor Technology has priced $1 billion in zero-interest convertible senior notes due 2031 to fund advanced semiconductor packaging expansion and capital spending.
Zscaler Shares Surge 7% Amid Tech Rally, AI Concerns Persist
Zscaler (ZS) shares rose nearly 7% on May 1, driven by a broader tech rally and strong earnings from peers like Atlassian, though analysts remain split on AI-related headwinds.