Technology Industry News
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Tech industry workers gather to read Pope Leo's A.I. encyclical
On a warm September morning at a tiny cafe in Honolulu, a Zen Buddhist priest handed out copies of Pope Leo's “ Magnifica Humanitas.” Tech industry insiders filtered in from Hawaii Tech Week, taking their seats alongside startup…
Tech Surges as CoreWeave Sets Investors' Minds at Ease - Tech Roundup
Shares of technology companies surged after CoreWeave put investors' minds at ease about the sustainability of the artificial-intelligence boom. The cloud-computing firm, a major data-center developer, said it would be able to keep credit costs…
Anthropic's IPO shows how Big Tech is helping fund the AI industry's biggest spending boom
Anthropic just put a price tag on what's on pace to be one of the biggest IPOs ever. But the most interesting number in its updated filing may not be the $70-to-$78 price range, or even the $1.4 trillion max valuation it implies. That's how much…
Parabolic Technologies Inc. stock falls Wednesday, underperforms market
Shares of Parabolic Technologies Inc. PARA shed 7.95% to $0.07 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.31% to 7,619.38 and the Dow Jones Industrial Average…
Health Care Flat on Rotation to Tech - Health Care Roundup
Health-care companies were more or less flat as traders rotated back into the technology sector. Defensive health insurance companies such as UnitedHealth Group lost ground. Shares of online pharmacy Hims & Hers rose sharply, recouping some of…
Stocks to Watch: Nvidia, CoreWeave, Tetra Tech, Corteva
Nvidia's board is planning to oust Chief Executive Jensen Huang, according to a Wall Street Journal report. Shares fell 9% to $157.75 in after-hours trading Wednesday. CoreWeave, a close partner of Nvidia, also slid following the news about Huang.
Siri co-founder backs Helix for its voice ID tech
For years, websites have relied on technology like CAPTCHA to prove that the user on the other end is human. More recently, social media platforms have turned to photos or videos to verify users' identities. Now, a startup called Helix is betting…
Asian Stocks Set to Gain on Renewed US Tech Rally: Markets Wrap
Asian stocks were set for gains, tracking a Wall Street rally led by technology giants as bets grew that the artificial-intelligence trade powering the bull market is far from over. Equity-index futures for Japan, Taiwan and South Korea pointed…
Utilities Up, But not by Much, on Rotation to Tech - Utilities Roundup
Shares of power producers rose, but not by as much as the broad market, as traders rotated back into high-risk sectors. One longtime utilities sector analyst said third-quarter earnings updates suggested major power producers were confident about…
Tech, Media & Telecom Roundup: Market Talk
The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0911 GMT – Shares of European semiconductor companies are on the rise as solid third-quarter…
Microsoft presses Trump to scuttle ban on Chinese data center tech
Microsoft MSFT.O and other companies and trade groups have pressed the Trump administration to halt plans to bar imports from China of a key component used in AI data centers, three people familiar with the situation said. SCROLL TO CONTINUE WITH…
Align Technology Inc. stock underperforms Wednesday when compared to competitors
Shares of Align Technology Inc. ALGN shed 1.25% to $172.08 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.31% to 7,619.38 and the Dow Jones Industrial Average DJIA…
South Korea charges 7 over attempted Samsung technology leak to China
Nov. 11 (Asia Today) -- South Korean prosecutors indicted seven current and former executives and employees of a factory automation company Wednesday on charges involving an attempted transfer of Samsung Display's nationally protected LCD…
Tech Mahindra slides Wednesday, underperforms competitors
Tech Mahindra Ltd. 532755 shares shed 1.29% to 1,776.80 Indian rupees Wednesday, on what proved to be an all-around positive trading session for the stock market, with the BSE SENSEX Index 1 rising 0.95% to 81,879.40. Tech Mahindra Ltd. closed…
Tetra Tech Shares Rise on Optimistic Fiscal Year Outlook
Tetra Tech shares rose after the company gave an optimistic view for the fiscal year ahead. The stock rose 10% to $41.70 a share after hours. The water infrastructure company said it expects revenue in its new fiscal year to be $4.43 billion to…
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