Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
China Solar Export Curbs Could Disrupt Tesla's U.S. Energy Expansion
Beijing is weighing export limits on advanced solar manufacturing gear, potentially complicating Tesla's U.S. factory plans. The automaker's energy storage business is now more profitable than its core vehicle operations.
Supermicro Expands Edge AI Portfolio Amid Margin Pressure and Legal Scrutiny
Super Micro Computer unveiled new compact edge AI systems using AMD chips, aiming to diversify beyond data centers. The launch follows a quarter where revenue soared past $12.6 billion but gross margin fell to 6.3%.
Oklo Shares Surge on Board Expansion Ahead of Key Nuclear Milestones
Oklo shares gained 11% Wednesday after the company expanded its board and made executive shifts, positioning itself ahead of a crucial Department of Energy reactor test deadline in July and a major Meta-supported project in Ohio.
IREN's AI Ambitions Face Funding Test Amid Surging Cloud Demand
IREN shares held steady as its AI cloud revenue more than doubled, though total revenue declined. The company secured major GPU financing for its Microsoft partnership but faces potential dilution from a large share offering.
Oracle Extends Rally on AI and Bloom Energy Expansion, Yet Challenges Persist
Oracle's stock climbed 5.3% to $171.68, extending gains after announcing fresh AI capabilities and expanding its power partnership with Bloom Energy. The company's aggressive cloud and AI investments are driving growth but face significant financial and operational headwinds.
Allbirds to Rebrand as NewBird AI After $50M Funding, Exiting Footwear
Allbirds will transform into NewBird AI, securing up to $50 million in funding to launch a GPU rental business after selling its shoe brand assets. Shares jumped over 300% on the news.
Broadcom Secures Meta AI Chip Extension, Marvell Gains on Bullish Outlook
Broadcom advanced nearly 4% after extending its custom chip partnership with Meta Platforms through 2029. Marvell Technology gained 1.5% following an analyst upgrade citing robust data-center networking growth.
D-Wave Quantum Shares Extend Rally on Nvidia AI Boost and CEO Advocacy
D-Wave Quantum shares advanced roughly 8% in premarket trading Wednesday, building on a 15.8% gain the prior session. The rally follows Nvidia's release of open-source quantum AI models and CEO Alan Baratz's efforts to position the company as a commercial leader.
Uber Bets $10 Billion on Robotaxi Expansion, Pivots from Asset-Light Model
Uber is investing more than $10 billion to deploy autonomous ride-hailing services, shifting from its traditional asset-light approach. The company plans to launch robotaxis in at least 28 cities by 2028 through partnerships with Baidu, Rivian, and Lucid.
American Airlines Deploys Automated Boarding Gates at DFW Hub in Major Tech Rollout
American Airlines is introducing automated boarding gates at its Dallas/Fort Worth hub this summer, marking the first large-scale U.S. deployment of the technology. The system aims to streamline the boarding process and free up staff for customer service.
Snap Shares Surge on Upbeat Forecast, Strategic Job Cuts to Fund AI and AR Push
Snap Inc. has lifted its first-quarter financial outlook and unveiled a major restructuring plan involving 1,000 layoffs to streamline operations and fund its artificial intelligence and augmented reality initiatives. The company's stock rallied on the news.