Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Applied Digital Shares Surge on $7.5B AI Data Center Lease Deal
Applied Digital shares rose 12% after a $7.5B, 15-year lease with a U.S. hyperscaler for 300 MW at its Delta Forge 1 data center in Louisiana, lifting total contracted lease revenue above $23 billion.
Tempus AI Stock Drops on USC Partnership as Cancer Data Strategy Faces Scrutiny
Tempus AI shares fell 7.3% after announcing a partnership with USC to deploy its molecular testing and AI tools across the health system, covering over 1.5 million annual patient visits.
Palantir Secures $300M USDA Contract Ahead of Q1 Earnings
Palantir Technologies secured a $300 million software agreement with the USDA, boosting its non-defense government portfolio ahead of its May 4 earnings report.
Joby Aviation Shares Dip as LA Vertiport Plan Faces Regulatory Hurdles
Joby Aviation shares fell 7.1% as its LA vertiport plan faces regulatory hurdles. The company is set to report Q1 results on May 5.
Nokia Surges to 16-Year Peak on AI Cloud Order Boom
Nokia shares soared to a 16-year high as first-quarter profit beat estimates, fueled by a 49% surge in AI and cloud customer sales and €1 billion in new orders.
Meta to Cut 8,000 Jobs in May as AI Spending Surges
Meta will cut 8,000 jobs starting May 20 and close 6,000 open roles, with 2026 capital spending projected up to $135 billion as AI investments intensify.
QuantumScape Shares Swing Wildly on Q1 Update, AI Data Center Pivot
QuantumScape shares swung sharply after launching Eagle Line pilot production, starting QSE-5 cell output, and gaining a new automaker partner. The company reported a narrower net loss of $100.8 million.
Palantir Shares Dip 5% Despite Major USDA Contract; Software Sector Slumps
Palantir shares dropped 5.4% to $144.41 Thursday, overshadowed by a broad software selloff triggered by IBM and ServiceNow results, despite winning a $300 million USDA contract.
Micron Stock Slips from Record as SK Hynix Profit Surge and Export Curbs Loom
Micron Technology shares slipped 2.2% from a record close as SK Hynix reported record profit and AI memory demand exceeds supply. Congress weighs tighter export controls on Chinese rivals.
