Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Nebius Shares Surge on AI Infrastructure Demand, Despite Valuation Concerns
Nebius Group shares climbed 7.4% Monday after Bank of America boosted its price target, countering a downgrade that flagged valuation risks following the stock's significant advance.
CoreWeave Shares Extend Rally on New AI Compute Deals with Anthropic and Meta
CoreWeave shares advanced Monday, building on gains from a new agreement to supply AI computing capacity to Anthropic. This follows last week's disclosure of a massive $21 billion order from Meta.
ServiceNow Downgraded by UBS on AI Disruption Fears, Shares Drop
UBS downgraded ServiceNow to neutral from buy, cutting its price target to $100 from $170, warning of AI disruption risks and softer demand for non-AI software. Shares dropped 7.6% in pre-market trading.
Palantir Stock Gains as ARK Invest Adds Shares Amid AI Sector Volatility
Palantir Technologies shares advanced nearly 2% premarket Monday following a significant purchase by Cathie Wood's ARK Invest. The move comes as the software sector faces pressure from emerging AI tools.
Meta Inks $21B AI Cloud Deal with CoreWeave Amid Major Debt Financing
Meta Platforms has signed a new $21 billion agreement with CoreWeave for AI cloud computing capacity extending to 2032. The deal comes as CoreWeave raises billions in debt financing to support its aggressive expansion plans.
Tesla Accelerates Affordable Compact SUV Development Amid Sales Challenges
Tesla is moving forward with plans for a more affordable compact SUV, targeting initial production in Shanghai. This comes as the company reported its largest quarterly gap between production and deliveries in years.
NIO Launches ES9 Flagship SUV Amid China's Slowing Premium EV Market
NIO has opened pre-orders for its flagship ES9 SUV, with pricing starting at 528,000 yuan. The launch comes despite a 4.9% drop in its U.S. shares and a contracting premium market in China.
Plug Power Reaffirms 2026 Profit Target, Unveils Major Cost-Cutting Initiative
Plug Power stock advanced as the company confirmed its target for positive adjusted earnings by the end of 2026 and outlined a significant cost-reduction strategy. The update followed a key electrolyzer contract win in Canada.
Amazon CEO Details $15B AI Revenue, Defends Massive Capex Plan
Amazon shares surged 5% Thursday as CEO Andy Jassy revealed AWS AI services generate over $15 billion yearly, with the chip business exceeding $20 billion. Jassy defended the company's planned $200 billion 2026 capital expenditure, noting significant customer commitments.
Lumentum Shares Surge as Analysts Boost Targets on Nvidia AI Optics Deal
Lumentum Holdings Inc. shares advanced after JPMorgan and Mizuho Securities increased their price targets, citing strong AI-driven optics demand following a major strategic investment and supply agreement with Nvidia.