Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Palantir Edges Higher for the Week Amid AI Demand Surge and Political Hurdles
Palantir shares ended Friday up 2.16% for the week at $136.88, after the company raised its 2026 revenue forecast on 85% first-quarter growth. A London police contract was blocked, while a Dell-Nvidia AI deal was announced.
Qualcomm Surges on Stellantis Auto Tech Pact; Market Awaits Post-Holiday Trading
Qualcomm shares surged 11.6% Friday to $238.16 after Stellantis expanded its Snapdragon Digital Chassis deal. Automotive revenue rose 38% to $1.33 billion. Markets closed Monday for Memorial Day.
HPE Shares Surge 10.6% as Elliott Stake and AI Networking Drive Gains
Hewlett Packard Enterprise (HPE) shares jumped 10.6% on Friday, closing at $37.58, as activist investor Elliott boosted its stake and the company's networking business surged 151.5%.
SoundHound AI Dips Ahead of Memorial Day Lull
SoundHound AI (SOUN) shares fell to $8.17 Friday, their lowest since May 18, losing 2.9% for the week ahead of the Memorial Day holiday.
Rocket Lab Soars 8.2% on $90M Space Force Deal, Share Sale Plan in Focus
Rocket Lab shares jumped 8.2% to $135.76 after securing a $90 million Space Force contract and completing its ninth Electron launch, though a $3 billion share sale plan raises dilution concerns.
POET Technologies Slips After $400M Financing, AI Hopes Remain
POET Technologies shares dropped 8.6% last week after a $400M financing. The company is betting on AI optical networking, but Q1 revenue was just $503,389.
Micron Stock Wavers as AI Memory Demand Faces Key Test Next Week
Micron shares slipped Friday but posted a weekly gain. The market awaits Samsung's labor vote outcome and Nvidia's AI demand trajectory.
Joby Aviation Shares Surge Ahead of Memorial Day Break; FAA Progress Key
Joby Aviation shares rose 5% to $10.92 on Friday, gaining 5.4% for the week before the Memorial Day holiday. The company's next major event is its June 2 annual meeting, following a Q1 update showing $2.5 billion in cash and FAA certification advances.
Apple Hits $4.5 Trillion Market Cap; Holiday Week Tests Rally
Apple closed Friday at $308.82, pushing its market value above $4.5 trillion. The holiday week brings key inflation data and Apple's WWDC, testing the rally.