Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Ackman's Uber Stake Gains Focus as Robotaxi Deal with Lucid Expands
Uber shares rose 2% on renewed attention to Bill Ackman's stake and a $200 million Lucid investment for robotaxis, with a commitment to 35,000 vehicles.
Applied Digital Secures $7.5B AI Lease, Faces Execution Hurdle
Applied Digital Corp. (APLD) signed a $7.5B, 15-year lease for 300 MW with an unnamed hyperscaler, pushing total contracted lease revenue above $23B. Shares jumped over 12%.
SoundHound AI Dips on LivePerson Acquisition, Wedbush Sees Upside
SoundHound AI shares dropped 1.4% to $8.08 on Monday after announcing an all-stock acquisition of LivePerson for about $43 million. Wedbush reiterated its Outperform rating, seeing long-term potential.
Micron's AI Memory Surge Revives Trillion-Dollar Valuation Debate
Micron Technology shares rose 3% premarket Monday as strong fiscal Q2 results and surging AI memory demand reignited discussions about the company's path to a $1 trillion valuation.
Joby Aviation Completes Inaugural NYC Air Taxi Flights, Intensifying Rivalry with Archer
Joby Aviation flew the first electric air taxi route in New York City, from JFK to Manhattan heliports in seven minutes, signaling progress toward commercial operations by 2026.
POET Technologies Surges 108% on Marvell AI Order, Optics Play Heats Up
POET Technologies shares soared 108% in premarket trading Monday after confirming a $5M production order from Marvell Technology for its Infinity optical engines, with deliveries expected next quarter.
Broadcom's Custom AI Chip Surge Powers $2 Trillion Valuation
Broadcom reaches $2 trillion market cap on custom AI chip demand and Google TPU supply deal. Q1 revenue jumps 29%, AI semiconductor sales double to $8.4B.
SK Hynix Surges 5.73% as AI Demand Drives KOSPI to Record High
SK Hynix advanced 5.73% to 1,292,000 won, helping propel the KOSPI to a record high as investors focused on AI-linked semiconductor stocks. The company's HBM supply is constrained through 2029.
Qualcomm Surges on OpenAI Chip Collaboration Report Ahead of Earnings
Qualcomm shares surged on reports of collaboration with OpenAI on smartphone processors. The chipmaker reports fiscal Q2 results on April 29.