technology News
Forgent Power raises $1.5B in IPO as data center energy demand surges
Electrical equipment maker prices at $27 per share, valuing company at nearly $9 billion
Cipher Mining plunges 12% on $2 billion debt offering
Bitcoin miner's market cap shrinks as investors balk at debt load nearly 10 times annual revenue
Qualcomm beats earnings but guidance weighed by memory shortage
Chipmaker posts record $12.3B Q1 revenue while warning of handset market headwinds from supply constraints
Coherent beats earnings estimates on datacenter demand
Laser technology company posts 17% revenue growth despite 8% stock decline on valuation concerns
Enphase surges 35% on utility rate relief solution
Solar microinverter leader adds $1.3B in market value with product announcement targeting consumer energy costs
CDW surges 8% on AI-driven earnings beat, strong 2026 outlook
Technology solutions provider beats Q4 estimates as cloud and artificial intelligence services fuel 6.3% revenue growth
nLIGHT shares tumble after $175M stock offering priced at discount
Laser technology company raises capital at 12% discount to prior close, diluting existing shareholders by 7.8%
Tech sector slides as Anthropic launch fuels AI competition fears
Microsoft and Oracle lead software decline amid concerns about emerging AI competition