Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
SpaceX Slips 1% as AI Capex Strains $1.9T Valuation
SpaceX shares dipped 1% as heavy AI spending raised valuation concerns. Q2 revenue surged 92% to $7.814B, but AI losses hit $1.257B.
Apple Stock Rises as New CEO Takes Helm in AI Era
Apple's stock rose 1.7% as John Ternus took over as CEO, facing the challenge of leading AI innovation in a $4.7 trillion company.
AEye Stock Surges 26% on Lunar Lidar Deal, Outshining Q2 Revenue
AEye's stock surged 26% after a lunar lidar partnership with Lunar Outpost, a contract worth at least $2 million—about 10 times its Q2 revenue.
Apple Stock Slips Ahead of iPhone 18 Event; Pro Model Price Hikes Eyed
Apple shares dipped 0.2% premarket as investors focus on the upcoming iPhone 18 event, with potential price hikes and a foldable device in the spotlight.
MediaTek Stock Soars 10% on Nvidia AI Deal, Market Value Jumps $19.4B
MediaTek shares hit the daily limit, rising 9.94% to NT$4,315, as Nvidia's $3.5B investment boosts AI chip prospects. Market value jumped NT$616B, far exceeding Nvidia's stake.
Nvidia Buyback Lifts Shares 1.5% as AI Demand Drives Record Revenue
Nvidia (NVDA) shares gained 1.5% after a $20B buyback, with Q2 revenue soaring 106% to $96.22B. Data Center growth of 117% highlights AI's momentum.
Tesla Stock Surges 5% as Autopilot Crash Data Puts $1.45T Valuation in Focus
Tesla shares rose nearly 5% as a federal crash report confirmed Autopilot was active in a fatal May accident, putting the $1.45 trillion valuation under scrutiny.
Nvidia's $3.5B MediaTek Bet: AI Chip Push Reshapes Market
Nvidia's $3.5B convertible bond investment in MediaTek, announced after Taiwan's close, follows a 1.51% dip in MediaTek shares. The funds support MediaTek's custom AI chip push targeting 15-20% of an $80B market.
Amazon Stock Climbs 4% on AWS Strength and $220B AI Budget
Amazon shares gained 4% as AWS revenue surged 37% to $42.2B, its fastest growth in 18 quarters. The company raised 2026 capex to $220B, boosting market value by $110B.
Apple Watch Redesign Rumors Spotlight $7.9B Wearables Business
Apple is exploring a major Apple Watch redesign, according to Bloomberg's Mark Gurman. Wearables revenue reached $7.88B in Q3, up 6.5%, but growth lags overall company performance.
Amazon Stock Soars 4% on AI Optimism, Adding $110B to Market Cap
Amazon shares jumped 4% to $266.43, boosting market value by $110B, after Evercore ISI raised its price target to $355 on AI-driven AWS growth, despite negative free cash flow.
Intel Shares Slip 2.9% as 14A Defect Progress Offsets $2.1B Foundry Loss
Intel shares fell 2.9% to $89.47 despite faster-than-expected 14A defect density improvements, as the foundry segment posted a $2.09B Q2 loss.