Latest Technology News
Wall Street tech stocks rebound as AI momentum offsets inflation worries
U.S. markets were mixed, but technology shares helped push the S&P 500 and Nasdaq to records after a strong session. AI-linked names such as Nvidia, Micron, and ON Semiconductor rallied even as fresh inflation data raised concerns about the broader market .
Nvidia gains as Trump considers China chip shipment talks
Nvidia rose after reports that CEO Jensen Huang received an invitation to join President Donald Trump on a trip to China, where chip export access could be discussed. The move comes as Nvidia remains a central winner of the AI boom and a major market driver .
SoftBank says AI investments helped profit surge nearly five-fold
Japan’s SoftBank Group reported that profit for the 12 months through March climbed almost five-fold from a year earlier. The results reinforced how large-scale AI investments are continuing to deliver financial returns for major technology investors .
Alibaba AI and cloud growth accelerates despite earnings miss
Alibaba said AI and cloud revenue growth accelerated in its latest quarter, helping boost its U.S.-listed shares. Even though overall results missed analyst expectations, the update signaled continued momentum in China’s technology and cloud sectors .
Inflation data adds pressure to tech-led market rally
A worse-than-expected U.S. wholesale inflation report followed an earlier consumer inflation surprise, increasing uncertainty for equities. Tech stocks still held up better than much of the market, but analysts warned that earnings and AI enthusiasm are becoming the main support for prices .
Trump-Xi summit set to focus on rare earth dominance
The upcoming Trump-Xi meeting in Beijing is expected to center on China’s control of rare-earth refining and critical minerals. China dominates global refining capacity, and export curbs have already disrupted auto production in the U.S. and Europe .
China’s rare-earth chokehold remains a major technology supply-chain risk
China accounts for most global rare-earth mining and refining capacity, making it a strategic vulnerability for electronics, EVs, robotics, and defense. Governments and manufacturers are accelerating diversification efforts, but dependence on Chinese supply remains high .
Rare-earth prices surge as industries rebuild inventories
Demand from electric vehicles, robotics, drones, and defense is pushing raw-material prices higher, even as companies seek alternative supply chains. Market data showed samarium oxide and dysprosium oxide rising sharply in April, reflecting tight supply conditions .
Cisco announces workforce reduction of fewer than 4,000 jobs
Cisco said it will cut fewer than 4,000 jobs, or under 5% of its workforce, as part of changes tied to its Q3 FY26 earnings announcement. The company also reported record revenue of $15.8 billion, showing strong top-line growth even as it restructures .
Enterprise tech faces restructuring despite strong revenue growth
Cisco’s announcement highlights a broader trend in enterprise technology: companies are still growing, but they are tightening staffing and operations. The move suggests firms are balancing AI-driven investment needs with cost discipline .