Technology Industry News
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Tech Slides After Amazon, Intel Earnings - Tech Roundup
Shares of technology companies plunged after disappointing earnings from Amazon and Intel compounded fears about a possible artificial-intelligence bust. The SPDR Technology Sector exchange-traded fund, which tracks the tech industry group of the…
Tech bills of the week: Creating a Congressional Office of Technology; Enhancing data center transparency; and more
Standing up a Congressional Office of Technology House lawmakers introduced a bipartisan bill on Thursday to establish an independent Congressional Office of Technology that can provide the legislative branch with unbiased information about the…
Parabolic Technologies, Inc. stock falls Friday, underperforms market
Shares of Parabolic Technologies, Inc. PARA plummeted 25.93% to $3.17 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 1.82% to 7,580.07 and Dow Jones Industrial Average DJIA…
FTSE 100 edges up but tech woes rock New York
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. London's FTSE 100 drifted in and out of positive…
Salesforce's M&A spree continues with a reported $375M deal for defense tech startup Rune
Salesforce has agreed to acquire Rune Technologies, a startup that builds AI software to help the U.S. military predict supply needs and manage logistics from the field, for $375 million in cash and stock, Resilience Media reported. The acquisition…
The big winners of the tech wreck are biopharma stocks
Who would have believed that the boring healthcare industry would be the hottest stock sector of 2026? Companies like Johnson & Johnson JNJ, Quest Diagnostics DGX and UnitedHealth Group UNH have long been known for producing steady results, driven…
Tech stocks and crypto are crashing against a perfect storm as markets head for their worst day in months
Traders are running scared this Halloween weekend as a combustible mix of market forces have sparked a selloff in major technology stocks and cryptocurrencies. Weak earnings reports from AI hyper-scalers including Amazon and Google, along with a…
Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports
A sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly $1tn in value…
Akamai Technologies Inc. stock underperforms Friday when compared to competitors
Shares of Akamai Technologies Inc. AKAM slipped 6.70% to $92.72 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 1.82% to 7,580.07 and Dow Jones Industrial Average DJIA falling…
Microchip Technology Inc. stock outperforms competitors despite losses on the day
Shares of Microchip Technology Inc. MCHP slipped 4.66% to $77.34 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 1.82% to 7,580.07 and Dow Jones Industrial Average DJIA…
Tech Stocks Plunge as Wall Street Enters 'Show Me' Phase
Silicon Valley got a reality check on Friday that may have felt like a slap in the face. A bruising selloff in technology shares, sparked by a few days of disappointing tech firm results, drove the Nasdaq down about 10% from its peak, near a…
Cognizant Technology Solutions Corp. stock outperforms competitors on strong trading day
Shares of Cognizant Technology Solutions Corp. CTSH rallied 4.14% to $65.11 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 1.82% to 7,580.07 and Dow Jones Industrial Average…
DXC Technology Co. stock underperforms Friday when compared to competitors
Shares of DXC Technology Co. DXC shed 1.64% to $14.98 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.82% to 7,580.07 and Dow Jones Industrial Average DJIA falling 1.09%…
Money Quote: Today's Tech Slide
—John Higgins, chief economic adviser for financial markets at Capital Economics, on today's tech selloff 📣 'Now that the combined capital spending boom at the hyperscalers is becoming partly dependent on external financing…
SoFi Technologies: Nobody Saw This Coming (NASDAQ:SOFI)
SoFi Technologies delivered a blowout Q3. Despite rate hike fears, SOFI raised their 2026 guidance and issued a strong outlook for 2027. SOFI could generate $5B of revenue by Q4 2030, equal to its entire 2026 revenue guide. SOFI currently trades at…
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