Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
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.
HP Launches HyperX Gaming Gear as PC Revenue Climbs 11%
HP Inc. unveiled new HyperX gaming accessories, including a controller and headsets, as its Personal Systems revenue jumped 11% to $10.3 billion last quarter. Shares rose 0.3% to $20.21.
AWS Growth Accelerates, Amazon Stock Gains on Cloud AI Demand
Amazon shares rose 1.4% as AWS revenue surged 28% to $37.6B, its fastest growth in 15 quarters, signaling strong AI-driven cloud demand.
Meta's $145B AI Capex Plan Triggers After-Hours Stock Slide Despite Strong Earnings
Meta shares dropped 5% in after-hours trading after the company boosted its 2026 capex forecast to $145 billion, overshadowing a 33% revenue surge to $56.31 billion.
MaxLinear Stock Skyrockets on AI Data Center Demand and Analyst Upgrade
MaxLinear shares jumped 34% on Wednesday after the company reported a 136% surge in infrastructure revenue and received an analyst upgrade, fueled by growing demand for AI data-center optical products.
ON Semiconductor Shares Surge on Major EV Chip Deals with Geely and NIO
ON Semiconductor shares jumped 8% after announcing expanded silicon carbide chip deals with Geely and NIO for 900V electric vehicle platforms.
Vertiv Acquires Liquid-Cooling Firm as AI Data Centers Heat Up
Vertiv Holdings Co has acquired Strategic Thermal Labs, a Texas-based liquid-cooling specialist, to strengthen its AI and high-performance computing data center offerings. The move follows a 30% jump in Q1 net sales.