Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
UMC's Share Buyback and Tech Advances Drive Stock Surge
UMC shares surged 20% last week after a NT$406.6 million buyback and launch of a 14nm display driver chip platform. April net sales rose 10.8% year-on-year to NT$22.66 billion.
Texas Instruments Ends Week Higher Despite Chip Sector Decline
Texas Instruments closed Friday at $302.73, down 1.77% but up 5.2% for the week, outperforming a broader chip selloff as analysts raise price targets.
Silicon Motion Holds Ground Amid Nasdaq Dip, Conference Circuit Ahead
Silicon Motion shares rose 2.5% for the week, outperforming the Nasdaq's 1.5% decline. Strong Q1 earnings and raised analyst targets provide support as the company heads to key investor conferences.
Atlassian Stock Rebounds on Friday, AI Monetization in Focus Next Week
Atlassian shares surged 8% on Friday, recovering from weekly losses, as Truist Securities reiterated a Buy rating with a $100 target, citing AI monetization as a key focus after the Team 26 event.
Palantir Defies AI Selloff, Stays Steady as Nasdaq Slips
Palantir closed Friday at $133.99, up 0.2%, showing relative strength despite a weekly loss of 2.8% and a broader tech selloff.
Accuray and UW Madison Forge 10-Year Cancer Research Deal
Accuray and the University of Wisconsin School of Medicine and Public Health have entered a 10-year research agreement focused on the Stellar adaptive radiotherapy platform.
GCT Semiconductor Faces Scrutiny Over 5G Ramp-Up and Cash Concerns
TD Securities reveals a 4.6% beneficial ownership in GCT Semiconductor, primarily via deep out-of-the-money warrants. The company's 5G chipset shipments rose 58% but revenue remains modest, and liquidity concerns persist.
Atlassian Shares Surge on AI Optimism After Figma's Bullish Forecast
Atlassian shares rose 7% Friday, buoyed by renewed AI optimism in software after Figma raised its revenue forecast, highlighting the potential for AI to drive expansion.
Top US Carriers Join Forces for Satellite Network to End Dead Zones
AT&T, Verizon, and T-Mobile announced an unprecedented partnership to create a satellite-based network connecting standard phones directly to satellites, aiming to eliminate wireless dead zones across the U.S.
UiPath Stock Jumps on AI Agent Hackathon Launch Ahead of Earnings
UiPath shares jumped 7.4% to $10.39 after launching a global hackathon for its new coding-agent platform. Trading volume spiked with heavy call option activity ahead of May 28 earnings.