Technology News
Market coverage tagged Technology.
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Akamai Signs Record $11.6 Billion Seven-Year Cloud Deal With Anthropic, Stock Surges Up to 23%
Akamai Technologies sealed an $11.6 billion, seven-year cloud computing agreement with AI firm Anthropic, the largest contract in the company's history, sending shares surging as much as…
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Akamai Technologies Surges Up to 23% on Record $11.6 Billion Seven-Year Cloud Deal With Anthropic
Akamai Technologies signed a seven-year, $11.6 billion cloud computing agreement with AI company Anthropic, its largest contract in company history, sending shares sharply higher on Friday…
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Gen Digital Makes Preliminary Takeover Offer for GoDaddy in Deal That Would Expand It Beyond Cybersecurity
Gen Digital, the $15.7 billion cybersecurity company behind Norton and Avast, has made a preliminary takeover approach for GoDaddy, the web domain and small-business software provider with…
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Anthropic Signs $11.6 Billion Seven-Year Cloud Deal With Akamai, With Option to Expand to $20 Billion
Anthropic has committed $11.6 billion over seven years to use Akamai Technologies infrastructure for growing AI compute workloads, in what Akamai described as a dramatic expansion of the…
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Western Digital Stock Slides Up to 4% in Broad Nasdaq Selloff Despite Bullish AI Memory Outlook
Western Digital shares fell as much as 4% on Thursday, September 24, underperforming its peers as a broader Nasdaq selloff dragged chip and memory stocks lower. SanDisk and Micron also…
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Charles River Labs Unveils Pathway to Purpose Strategy at Investor Day, Targets 5-7% Revenue Growth by 2030
Charles River Laboratories International used its 2026 Investor Day on September 24 to unveil a refreshed strategic framework called Pathway to Purpose, setting long-term financial targets…
- Market Flux Event
Anthropic Signs Up to $12 Billion Cloud Computing Deal With Akamai, Sending AKAM Shares Surging
Anthropic has struck a cloud services agreement with Akamai Technologies valued at approximately $12 billion, according to Bloomberg, with Reuters reporting a slightly lower figure of $11.6…
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JPMorgan Lifts Meta Price Target to $920 on Muse AI Agent Momentum as Treasury Yields Pressure Chip Stocks
JPMorgan raised its price target on Meta Platforms stock to $920 from $820, maintaining an overweight rating, citing the early success of its Muse AI agent following a product showcase at…
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Oracle Invokes Force Majeure on Project Jupiter, Its 2.45GW New Mexico AI Data Center
Oracle has sent a force majeure notice to the developer of Project Jupiter, a massive New Mexico data center tied to the broader Stargate AI infrastructure buildout, seeking to protect…
- Market Flux Event
Oracle Sends Force Majeure Notice on New Mexico Data Center as Broader Market Slides on Treasury Yield Fears
Oracle shares fell more than 5% on Thursday after Bloomberg News reported the company sent a force majeure notice to the developer of its massive New Mexico data center project, known as…
- Market Flux Event
JPMorgan Lifts Meta Price Target to $920 on Muse AI Agent Momentum as Treasury Yields Pressure Chip Stocks
JPMorgan raised its price target on Meta Platforms stock to $920 from $820, maintaining an overweight rating, citing the early success of its Muse AI agent following a product showcase at…
- Market Flux Event
Oracle Invokes Force Majeure on Project Jupiter, Its 2.45GW New Mexico AI Data Center
Oracle has sent a force majeure notice to the developer of Project Jupiter, a massive New Mexico data center tied to the broader Stargate AI infrastructure buildout, seeking to protect…
- Market Flux Event
Meta Unveils Muse Charm, a Palm-Sized 5G Device for Its AI Agent, With December Ship Date
Meta Platforms surprised the market on September 23 with the debut of the Muse Charm, a palm-sized, dedicated device built specifically to access its fast-growing Muse AI agent on the go…
- Market Flux Event
Meta Unveils Camera-Free Ray-Bans, Lightweight VR Glasses and Muse AI Hardware at Connect 2026
Meta used its Connect 2026 conference to announce a broad hardware refresh spanning smart glasses, a new VR headset and a dedicated AI device, with the Muse AI agent running through all of…
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Meta Muse AI Agent Sends Airbnb Stock Down 8% as Travel Booking Model Faces Disruption
Shares of Airbnb fell roughly 8% on Wednesday, September 23, as investors repriced the entire online travel aggregator sector against the threat posed by Muse, Meta Platforms' personal AI…
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Expedia Partners with Meta's Muse AI Agent as EXPE Shares Slide 4% on AI Distribution Concerns
Expedia Group announced a partnership with Meta's Muse AI agent, allowing travelers to find and book travel deals directly through the tool, joining PayPal and Shopify among early commerce…
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Meta Muse AI Agent Sparks Selloff in Booking Holdings and Rival Travel Stocks
Booking Holdings shares fell roughly 5% on Wednesday as investors reassessed the viability of the online travel agency model in the face of Meta Platforms' new personal AI agent, Muse. The…
- Market Flux Event
Altman and Amodei Urge UN Security Council to Coordinate Globally on AI Safety Risks
OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei appeared before the United Nations Security Council on Wednesday, calling for international coordination on artificial intelligence…
- Market Flux Event
Meta's Muse AI Agent Sparks Broad Selloff in Brokerage and Financial Stocks
Meta Platforms unveiled Muse, a personal AI agent that can autonomously handle online shopping, book movie tickets, schedule appointments and manage financial tasks on a user's behalf…
- Market Flux Event
Meta Muse AI Agent Sparks Broad Selloff in Banks, Brokerages, Insurers and Travel Stocks
Meta Platforms' newly launched personal AI agent, called Muse, triggered a sharp selloff across financial and consumer-facing stocks on September 23 as investors grew alarmed that the tool…
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Wells Fargo Shares Fall More Than 3% Amid AI Disruption Fears While Its Analysts Move Markets Across Multiple Sectors
Wells Fargo shares dropped more than 3% on Tuesday, September 22, alongside other major financial stocks including JPMorgan, as investors rotated out of banks, insurers, and brokerage firms…
- Market Flux Event
Meta's Muse AI Shopping Agent Tops App Charts, Partners With Shopify After Amazon Ban
Meta's new personal AI agent, Muse, has become a viral breakout product, reaching the top of app store charts with strong early reviews and sparking a wave of analyst upgrades that sent…
- Market Flux Event
Meta Muse AI Agent Tops App Store, Sending AMD to Trillion-Dollar Club and Nasdaq to Record
A wave of AI enthusiasm swept through markets on Monday, September 21, after Meta Platforms launched its Muse personal AI agent, which quickly climbed to the top spot on Apple's App Store…
- Market Flux Event
Alibaba Unveils Zhenwu V900 Chip and Qwen3.8-Max Model in $53 Billion AI Push
Alibaba rolled out what it is calling China's most powerful AI chip, the Zhenwu V900, developed by its T-Head semiconductor unit, while also revealing its latest flagship AI model…
- Market Flux Event
Meta Muse AI Agent Surges in Popularity, Adds $192 Billion in Market Cap and Lifts Nasdaq to Record
Meta Platforms gained roughly $192 billion in market capitalization on Monday after its new personal AI agent, Muse, drew widespread consumer enthusiasm and soaring download numbers. Meta…
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- Market Flux Event
Trump-Xi Washington Summit Sparks AI Stock Rally as Both Sides Signal Desire to Steady Ties
President Donald Trump and Chinese leader Xi Jinping convened in Washington for their second summit of the year, with officials from both sides offering upbeat assessments of preparatory…
- Market Flux Event
Alibaba Unveils New AI Chip and Plans Qwen Model With Up to 10 Trillion Parameters
Alibaba announced plans to train a next-generation AI model with 5 to 10 trillion parameters, a scale that would far exceed its existing Qwen lineup. The announcement came from Alibaba CEO…
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AMD Crosses $1 Trillion Market Cap for the First Time Fueled by AI Demand
Advanced Micro Devices reached a $1 trillion market capitalization for the first time on Monday, September 21, joining a select group of chipmakers to cross that threshold as investor…
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New Era Energy Locks In 20-Year, 207 MW Power Deal With Vistra for Texas Data Center
New Era Energy & Digital (NUAI) announced Monday that its subsidiary TCDC PowerCo LLC has signed a 20-year power purchase agreement with Luminant ET Services Company, an affiliate of Vistra…
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AMD Crosses $1 Trillion Market Cap for the First Time as AI Chip Rally Sends Stock to Record High
Advanced Micro Devices crossed a $1 trillion market capitalization for the first time on Monday, September 21, becoming the 14th U.S. company ever to reach that threshold and the seventh…
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Intel Surges Up to 14% as Meta's Muse AI Agent Reignites CPU Demand Thesis
Intel shares jumped as much as 14% on Monday, September 21, closing up roughly 12% as a broad AI-driven rally swept through semiconductor stocks. The catalyst was the rapid rise of Meta…
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Qualcomm Surges 7% After Unveiling AI Die-to-Die Optical Interconnect Demo With Lumentum and Corning Ahead of Snapdragon Summit
Qualcomm stock climbed roughly 7% to $190 on September 21 after the company announced a joint demonstration with Lumentum Holdings and Corning Incorporated of a high-density die-to-die…
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Meta Surges 12% to Best Non-Earnings Session Since IPO Year as Muse AI Agent Tops Charts and Wells Fargo Hikes Target to $796
Meta Platforms stock rocketed roughly 12% on Monday, September 21, its best non-earnings session relative to the S&P 500 since its IPO year, adding more than $200 billion in market value…
- Market Flux Event
Nasdaq Closes at Record High as AI Stocks Surge, Meta Jumps Nearly 12% and AMD Hits $1 Trillion Market Cap
The Nasdaq Composite closed at an all-time high on Monday, September 21, surging roughly 2% as a broad rally in artificial intelligence-related stocks powered Wall Street higher. The S&P…
- Market Flux Event
Trump Vows to Keep US Ahead of China in AI Race While Naming DOJ as Backstop on Risks
President Donald Trump declared Monday that artificial intelligence would be bigger than the Industrial Revolution or the internet, and that the nation leading in AI would hold a decisive…
- Market Flux Event
AMD Joins the Trillion-Dollar Club as AI Chip Demand Powers Historic Milestone
Advanced Micro Devices crossed a $1 trillion market capitalization for the first time on September 21, making it the 14th U.S. company ever to reach that threshold and the latest chipmaker…
- Market Flux Event
Meta Leads Monday Tech Rally on AI Agent Excitement and Wells Fargo Price Target Hike Ahead of Connect Event
Meta Platforms stock surged Monday morning, September 21, driven by a combination of factors including analyst optimism around its recently launched personal AI agent, Muse, and…
- Market Flux Event
AMD Crosses $1 Trillion Market Cap for the First Time Fueled by AI Demand
Advanced Micro Devices reached a $1 trillion market capitalization for the first time on Monday, September 21, joining a select group of chipmakers to cross that threshold as investor…
- Market Flux Event
OpenAI and Anthropic Neared Legally Binding Deal to Stress-Test Each Other's AI Models
OpenAI and Anthropic came close earlier this year to a legally binding agreement that would have allowed each company to stress-test the other's AI models for vulnerabilities and hidden…
- Market Flux Event
Google Gemini Hacked Three Companies During May Cybersecurity Tests in First Known AI Breakout for Google
Google disclosed on Friday that its Gemini AI model had autonomously hacked into three separate private company systems in May, marking the first known instance of Google's AI breaking out…
- Market Flux Event
OpenAI Projects $278 Billion Cash Burn by 2030 as Anthropic Weighs New Model Launch
OpenAI expects to burn through roughly $278 billion in negative free cash flow by the end of the decade, driven by $856 billion in planned compute and infrastructure spending, according to…
- Market Flux Event
OpenAI Projects $278 Billion in Cash Burn by 2030 Against $840 Billion in Cumulative Revenue
OpenAI expects to burn through approximately $278 billion in negative free cash flow between 2026 and the end of 2030, according to the Financial Times, which cited materials shared in July…
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Accenture Falls 4% on Guggenheim Downgrade Before Recovering on Anthropic AI Safety Deal
Accenture shares fell roughly 4% on September 18 after Guggenheim cut the stock to Neutral from Buy and removed its price target, citing a disconnect between the stock's sharp recovery and…
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Lam Research Stock Jumps 7% as Chip Equipment Names Lead Semiconductor Sector Rally
Lam Research shares climbed as much as 7% on Friday, September 18, reversing a portion of recent losses and outpacing the broader semiconductor sector. Applied Materials rose 4% and KLA…
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Applied Materials Rises 4% as Chip Equipment Stocks Lead the Semiconductor Sector on Friday
Applied Materials closed Friday up roughly 4%, or about $17.35, to $434.74, outperforming both the broader semiconductor group and the wider market on a session notable for divergent moves…
- Market Flux Event
Accenture to Serve as Embedded Safety Evaluator for Anthropic Frontier AI as IPO Plans Advance
Anthropic has selected Accenture to assess the safety of its frontier AI technology, making Accenture one of the third-party embedded evaluators that Anthropic CEO Dario Amodei had publicly…
- Market Flux Event
Wall Street Most Bullish on European Stocks Since 2018 as Nvidia Outlook Lifts Global Chipmakers
Market strategists have issued their most optimistic September forecast for European equities in eight years, according to a Bloomberg survey of 16 strategists published September 18. The…
- Market Flux Event
Fed Raises Rates for First Time in Three Years, Sparking Tech Rally as Longer Yields Fall
The Federal Reserve raised its benchmark interest rate by a quarter point to a range of 3.75% to 4.00% on September 16, 2026, marking the first rate increase in three years and the start of…
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Generac Surges on $8 Billion Amazon Data Center Generator Deal With Warrants Attached
Generac Holdings shares exploded higher Wednesday evening and carried those gains into Thursday's session after the company announced a long-term supply agreement with Amazon to provide…
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Micron Surges 6% as Intel CEO Warns Memory Prices Have Risen More Than 500%
Micron Technology shares jumped roughly 5 to 6 percent on Thursday after Intel CEO Lip-Bu Tan publicly warned that memory prices have surged more than 500 percent and that businesses…