Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Snowflake Shares Tumble as AI Initiatives Face Software Sector Headwinds
Snowflake shares dropped 5.5% to $138.42, pressured by a software sector selloff and a class-action deadline. The company is expanding its AI offerings, but investors remain cautious about AI's effect on revenue.
Tempus AI Partners with USC Health System, Unlocking Access to 1.5 Million Annual Visits
Tempus AI Inc. partners with USC's Keck School of Medicine to deploy its molecular testing and trial-matching platform across a health system seeing 1.5 million patient visits each year.
POET Rockets 27% on Marvell Order Hopes, AI Optics Frenzy
POET Technologies shares jumped 27% after the CFO mentioned a purchase order tied to Marvell, reigniting AI optics enthusiasm despite a thin revenue base.
Synopsys Deepens TSMC Alliance for AI Chip Design Tools
Synopsys announced expanded collaboration with TSMC on advanced chipmaking and packaging for AI, unveiling new design tools for 3nm, 2nm, A16, and A14 nodes. Shares rose to $483.00.
Joby Aviation Partners on LA Rooftop Vertiport, Awaits FAA Certification
Joby Aviation and Reuben Brothers plan an air-taxi vertiport at LA's Century Plaza, using an existing helipad. The project awaits local, state, and federal approvals as Joby pursues commercial certification.
MaxLinear Soars 67% on AI Data-Center Chip Demand, Upbeat Forecast
MaxLinear shares jumped 67% after Q1 revenue beat estimates and Q2 guidance topped expectations, fueled by AI data-center optical chip demand.
Swiss National Bank Defends Palantir Stake Amid Activist Pressure
Swiss National Bank Chairman Martin Schlegel defended the central bank's $1.1 billion holding in Palantir Technologies after activists called for divestment over ICE contracts.
AMD Surges Past $500 Billion Market Cap on AI-Driven CPU Demand
AMD shares jumped over 7% in premarket trading Friday, pushing its market cap past $500 billion, as Intel's strong AI CPU demand fueled optimism ahead of AMD's May 5 earnings.
Intel Stock Surges on AI Data Center Demand and Tesla Foundry Win
Intel shares surged 28% premarket after forecasting Q2 revenue above estimates, driven by AI data center demand for CPUs and a Tesla foundry deal.
Oklo Stock Surges as Nvidia Partners on AI Nuclear Fuel Project
Oklo shares jumped 5.5% to $76.46 after revealing a collaboration with Nvidia and Los Alamos National Laboratory on AI-driven nuclear fuel validation, highlighting growing data center energy needs.