Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Navitas Surges on AI Power Play and Investor Conference Circuit
Navitas shares rose 5.3% to $24.20, hitting a near 52-week high, as the company's AI data center power story gains momentum ahead of investor conferences.
NewGenIVF Soars 61% on $100 Million AI Prediction Market Stake
NewGenIVF shares jumped 61% after the company agreed to acquire a 2% stake in AI prediction market platform K25.ai at a $100 million valuation.
Applied Digital Surges on $7.5B AI Data Center Lease Deal
Applied Digital shares surged 17% after a $7.5 billion, 15-year AI data center lease, lifting total contracted revenue to $31 billion. Analysts raised price targets but caution on execution and customer concentration.
IREN Surges on Nvidia Cloud Deal and Convertible Note Offering
IREN shares jumped 5.7% to $55.71 after revealing a $3.4 billion Nvidia cloud contract and $3.0 billion in convertible-note financing, with trading volume reaching 19.4 million shares.
GlobalFoundries Stock Surges on $375M US Quantum Chip Funding
GlobalFoundries shares surged 12.7% to $79.75 after the US Department of Commerce signaled $375 million in support for quantum-chip manufacturing, with the company launching a new quantum technology unit.
Quantum Computing Stocks Surge on $2 Billion U.S. Government Investment
Quantum Computing Inc. shares jumped 12.2% to $10.73 amid a sector rally following a $2 billion U.S. government quantum investment. QCI was not a named recipient but saw gains alongside Rigetti and D-Wave.
Infleqtion Stock Rises on $100M Quantum Funding from Commerce Dept
Infleqtion shares gained 5.1% premarket after the U.S. Commerce Department signed a preliminary $100 million funding letter for its neutral-atom quantum computing project, which also grants the government stock.
D-Wave Surges 6% Premarket on $100M CHIPS Act Deal, U.S. to Get Equity Stake
D-Wave Quantum shares jumped 6% in premarket trading after the company signed a letter of intent for $100 million in CHIPS Act funding, with the U.S. government set to receive common stock upon deal closure.
POET Technologies Plans $400M Offering Amid AI Photonics Expansion
POET Technologies shares slipped in premarket trading after a $400M direct offering. The funding supports a tenfold manufacturing expansion, but dilution concerns weigh on investors.
Quantum Stocks Rally on $2B U.S. Grants; IonQ Faces Key Tests
Quantum stocks rallied on $2B in U.S. grants, but IonQ was excluded. Its shares rose 8% premarket despite concerns over valuation and profitability.