Latest Technology News
Tech Stocks Rally on Record AI Cloud Deals
Oracle surged 27% and CoreWeave gained 15% this week as billions in AI infrastructure contracts fueled investor optimism. Oracle's growth was driven by multicloud database revenue expanding 531% and a 1.2-gigawatt energy partnership with Bloom Energy
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CoreWeave Secures Landmark $21 Billion Meta Deal
CoreWeave rose 15% to $116.85 after securing a $21 billion compute supply deal with Meta extending through December 2032. This represents one of the largest GPU infrastructure commitments in industry history, locking in revenue visibility for over six years
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Credo Technology Surges 34% on DustPhotonics Acquisition
Credo Technology was the week's standout performer with a 34% surge to $160.50, pushing its market capitalization to $30 billion. The acquisition of DustPhotonics significantly expands Credo's silicon photonics capabilities critical for high-speed data center interconnects
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NVIDIA Invests $2 Billion in Nebius Platform
NVIDIA made a $2 billion direct equity investment in Nebius, signaling strong confidence in the platform's capabilities. Nebius revenue is projected to leap from $530 million in 2025 to between $3 billion and $3.4 billion in 2026, representing roughly 6x year-over-year growth
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Nebius Plans Massive Data Center Expansion
Nebius plans to expand from 170 megawatts at end of 2025 to between 800 megawatts and 1 gigawatt by end of 2026. The company has allocated capital expenditure of $16 billion to $20 billion for 2026 alone to support this infrastructure buildout
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Tech Layoffs Exceed 73,000 in 2026
Tech giants including Meta, Snap, Oracle, and Atlassian are slashing thousands of jobs in 2026. AI and automation are cited as primary drivers of these workforce reductions across the industry
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Europe's Tech Services Market Hits Record $12.2 Billion in Q1
Europe's technology services market combined revenue reached a record $12.2 billion in Q1 2026, accelerated by strong AI-driven demand for cloud infrastructure. The XaaS segment soared 52% year-on-year to $7.5 billion, marking its highest growth rate since Q3 2021
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Infrastructure-as-a-Service Experiences 160% AI Impact
Infrastructure-as-a-service (IaaS) has seen the greatest impact from AI, surging 160% according to ISG's new AI Index benchmark. ISG has raised its full-year XaaS revenue growth forecast to 25%, up 400 basis points from its January forecast
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CoreWeave Expands with Anthropic Claude AI Agreement
CoreWeave announced a separate multiyear compute agreement to support Anthropic's Claude AI model development, complementing its Meta deal. Wall Street analysts responded with multiple price target upgrades following the back-to-back contract announcements
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Hyundai to Host Tech Talent Forum in Silicon Valley
Hyundai Motor Group announced it will host its inaugural HMG Tech Talent Forum from September 17-18, 2026, at the San Jose McEnery Convention Center. The event aims to attract leading global technology professionals as the Group expands into artificial intelligence and robotics sectors
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FPT Commits to AI-First Strategy Through 2030
FPT has pivoted from a traditional IT services provider to an AI-first company, with plans to provide AI education for at least 20 million users through 2030. The company aims to incubate 1,000 AI startups while mastering core technologies including Quantum AI, Cybersecurity, and Unmanned Aerial Vehicles
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