Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
HIVE Digital Technologies Surges 51% on AI Data Center Plans
HIVE Digital Technologies shares jumped 51% on Nasdaq after announcing a C$3.5 billion AI data center near Toronto. Cantor Fitzgerald raised its target to $4.60.
Shopify's AI Strategy Under Scrutiny Amid Mixed Market Performance
Shopify shares closed mixed as U.S. markets paused for Memorial Day, with the stock down 36% YTD despite a 2.71% weekly gain. Analysts weigh AI-driven growth against rising expenses.
BlackBerry Hits 52-Week High as QNX Momentum Drives Stock Rally
BlackBerry's Toronto shares hit a 52-week high Monday, extending last week's 28% surge fueled by strong Q4 results and record QNX revenue.
Alphabet Stock Pauses for Holiday; AI Strategy in Focus
Alphabet shares slipped 1.21% last week amid AI spending concerns. Google and Blackstone launch $5B AI cloud venture. PCE data due May 28 could pressure growth stocks.
Palantir Edges Higher for the Week Amid AI Demand Surge and Political Hurdles
Palantir shares ended Friday up 2.16% for the week at $136.88, after the company raised its 2026 revenue forecast on 85% first-quarter growth. A London police contract was blocked, while a Dell-Nvidia AI deal was announced.
Qualcomm Surges on Stellantis Auto Tech Pact; Market Awaits Post-Holiday Trading
Qualcomm shares surged 11.6% Friday to $238.16 after Stellantis expanded its Snapdragon Digital Chassis deal. Automotive revenue rose 38% to $1.33 billion. Markets closed Monday for Memorial Day.
HPE Shares Surge 10.6% as Elliott Stake and AI Networking Drive Gains
Hewlett Packard Enterprise (HPE) shares jumped 10.6% on Friday, closing at $37.58, as activist investor Elliott boosted its stake and the company's networking business surged 151.5%.
SoundHound AI Dips Ahead of Memorial Day Lull
SoundHound AI (SOUN) shares fell to $8.17 Friday, their lowest since May 18, losing 2.9% for the week ahead of the Memorial Day holiday.
Rocket Lab Soars 8.2% on $90M Space Force Deal, Share Sale Plan in Focus
Rocket Lab shares jumped 8.2% to $135.76 after securing a $90 million Space Force contract and completing its ninth Electron launch, though a $3 billion share sale plan raises dilution concerns.
POET Technologies Slips After $400M Financing, AI Hopes Remain
POET Technologies shares dropped 8.6% last week after a $400M financing. The company is betting on AI optical networking, but Q1 revenue was just $503,389.
