Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Nebius Acquires Eigen AI for $643M to Tackle Inference Cost Challenge
Nebius Group NV acquires Eigen AI for $643M to expand AI inference software, addressing rising costs in AI cloud computing. Shares rose 11.8%.
SoundHound AI Surges 20% Ahead of Earnings; Short Squeeze in Play
SoundHound AI shares surged 20% to $9.56 on Friday, driven by short-squeeze speculation ahead of its May 7 earnings report, with 38% of the float sold short.
Zscaler Shares Surge 7% Amid Broader Software Rally Despite Analyst Price Target Reduction
Zscaler shares rose 7% to $139.81 on Friday, driven by a broader software rally after Atlassian raised its forecast, despite a price-target cut by Citizens JMP.
Nebius Acquires Eigen AI for $643M to Boost Inference Capabilities
Nebius Group N.V. acquires Eigen AI for $643M to advance AI inference, with shares jumping 11.3%.
Blackstone Launches AI Unit N1, Consolidating OpenAI and Anthropic Stakes
Blackstone Inc. launches Blackstone N1, a new AI-focused unit consolidating investments in OpenAI and Anthropic, while its $80 billion credit fund faces slowing inflows and rising redemptions.
Roblox Stock Tumbles 19% on Safety-Driven Growth Slowdown
Roblox shares plunged 19% after cutting its 2026 bookings forecast due to safety measures, despite Q1 revenue rising 39% to $1.44 billion.
Nvidia Secures Pentagon AI Deal Amid China Supply Challenges
Nvidia gains Pentagon approval for AI on classified networks, while China server prices near $1 million due to export curbs. The stock trades at $199.57.
Hertz Launches Oro Mobility for Uber Robotaxi Fleet; Shares Jump 20%
Hertz shares surged 20% after launching Oro Mobility to manage Uber's robotaxi and human-driven fleets, starting with Lucid vehicles using Nuro self-driving tech in San Francisco.
Everspin Technologies Stock Soars on $40M Defense MRAM Contract
Everspin Technologies shares jumped 38% after landing a $40 million defense deal for Toggle MRAM technology, with revenue set to bolster its on-shore manufacturing push.
