Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Palantir Shares Slide as Burry Flags Anthropic AI Threat
Palantir Technologies shares dropped nearly 7% following comments from investor Michael Burry, who argued Anthropic is outpacing it in the enterprise artificial intelligence sector. Anthropic reported its annualized revenue run rate has soared beyond $30 billion.
Tesla Targets Affordable EV Segment with New Compact SUV Amid Sales Pressure
Tesla is advancing plans for a new compact electric SUV, priced below the Model 3, with production slated for its Shanghai plant. The move comes as the automaker faces a widening gap between production and deliveries.
Grab Deploys AI Suite in Jakarta, Aims to Slash Ride Costs Amid Economic Pressure
Grab Holdings unveiled 13 new AI-powered features in Jakarta, headlined by a Group Ride option promising fares up to 40% lower. The move is designed to alleviate pressure from rising fuel costs and strained household budgets, even as the company's financial outlook remains subdued.
Nokia Secures Fifth Consecutive Leadership Spot in Data Center Switching Report
Nokia has been recognized as a Leader and Outperformer in GigaOm's 2026 data center switching evaluation for the fifth straight year. The company's shares declined 1.05% in Helsinki trading ahead of its annual general meeting.
CoreWeave Secures $21B AI Cloud Expansion with Meta, Shares Rise
CoreWeave shares advanced following news of a roughly $21 billion AI cloud capacity agreement with Meta Platforms, set to run through December 2032. The deal comes alongside recent debt financing moves.
Intel Buys Back $14.2B Stake in Irish Fab, Bolstering AI Strategy Ahead of Earnings
Intel has regained full ownership of its Fab 34 facility in Ireland through a $14.2 billion buyback of Apollo's stake. The move strengthens Intel's manufacturing control as it prepares to report quarterly results and advance its AI initiatives.
Broadcom's Google AI Deal Intensifies Competition with Nvidia
Broadcom announced a major partnership to build Google's future tensor processing units and supply AI rack components until 2031. The deal highlights escalating competition in the AI semiconductor market, where Nvidia currently leads.
Mizuho Trims Quantum Computing Targets After Nvidia Conference
Shares of IonQ, D-Wave Quantum, and Rigetti Computing declined after Mizuho reduced price targets, pointing to a sector reassessment following Nvidia's GTC event.
Nokia AGM to Decide Leadership, Payouts Amid AI Strategy Shift
Nokia's annual meeting features key votes on leadership succession, shareholder returns, and expanded capital flexibility as the company pivots toward AI-driven network upgrades.
Snapchat Study Aims to Capture Healthcare Ad Dollars Amid Rival Pressure
Snap Inc. published a study indicating 59% of surveyed Snapchat users altered real-world health actions after seeing content on the platform. The move targets healthcare advertising as the company faces pressure from activist investor Irenic Capital.