Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Blackstone, Related Digital Secure $16B for Oracle AI Data Center
Blackstone and Related Digital have secured $16 billion in financing for Oracle's AI data center in Michigan, but the project faces local and regulatory pushback over power, water, and transparency concerns.
AeroVironment's LOCUST Laser Test Drives Counter-Drone Narrative
AeroVironment's LOCUST laser system shot down multiple drones during a U.S. Navy test on the USS George H.W. Bush. Shares fell 2.8% to $196.28.
BofA Leads $16B Oracle Data Center Financing in Michigan
Bank of America led a $16 billion financing for an Oracle data center in Michigan, selling $14 billion in bonds as Wall Street deepens its AI infrastructure push.
AXT Raises $632.5M to Expand InP Wafer Production in China Amid AI Boom
AXT raised $632.5 million to boost indium phosphide wafer production in China, betting on AI demand. First-quarter revenue is projected at $26-$28 million, with a net loss up to $2.6 million.
Lightwave Logic Shares Slide 6.9% as $51.4M Stock Sale Program Expands
Lightwave Logic shares dropped 6.9% to $12.665 after expanding its stock-sale program to $51.4 million. The company reported 2025 net sales of $236,855 and a net loss of $20.3 million.
Infleqtion Under Pressure After Major Share Distribution by LCP Funds
Infleqtion shares dropped 5% after LCP Quantum-linked funds distributed over 30.5 million shares, removing their 10% owner status. The quantum tech firm reported $32.5M revenue and $35.3M loss.
BlackRock Trims Archer Aviation Stake as eVTOL Firm Nears FAA Milestones
BlackRock disclosed a 6.9% passive stake in Archer Aviation, down from 8.1% in January, as the air taxi developer progresses toward FAA certification and a shareholder vote on moving to Texas.
Intel's Surge Reshapes AI Chip Market, Lifting AMD and Nvidia
Intel's 23.6% surge on strong earnings reshapes AI chip dynamics, lifting AMD and Nvidia as CPUs gain focus in inference and agentic AI workloads.
Vertiv Shares Rise as JPMorgan Boosts Target on AI Data Center Demand
Vertiv shares closed up 0.5% at $323.46 after JPMorgan raised its target to $350, driven by AI data center demand. Q1 sales surged 30% to $2.65B, but cautious Q2 guidance tempered enthusiasm.
Cisco Enters Quantum Networking with Prototype Universal Switch
Cisco Systems (CSCO) introduced a prototype quantum switch that links diverse quantum computers and sensors over standard telecom fiber at room temperature, with data degradation of 4% or less.