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Technology 4 March 2026 - 5 March 2026

Sandisk to Join Bloomberg 500 Index as SNDK Shares Whipsaw After Market Jitters

Sandisk to Join Bloomberg 500 Index as SNDK Shares Whipsaw After Market Jitters

Sandisk will be added to the Bloomberg 500 index on March 12, Bloomberg Indices said Thursday. The stock ended down 5.6% at $565.55 after sharp swings this week, following its spin-off from Western Digital and focus on AI-driven storage. Western Digital has been selling its Sandisk stake to cut debt. The B500 tracks 500 large U.S. companies with a combined $58.19 trillion market cap.
5 March 2026
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Broadcom Stock Climbs as AI Chip Forecast Tops $100 Billion, Q2 Outlook Beats

Broadcom Stock Climbs as AI Chip Forecast Tops $100 Billion, Q2 Outlook Beats

Broadcom raised its 2027 AI chip sales forecast to over $100 billion, sending shares up 4.8% to $332.65. First-quarter revenue rose 29% to $19.31 billion, with AI revenue more than doubling to $8.4 billion. The company expects $22 billion in second-quarter revenue and approved a $10 billion share buyback plan. CEO Hock Tan said Broadcom will ship custom chips to Anthropic and OpenAI in 2026 and 2027.
5 March 2026
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Adobe stock jumps as Wall Street fixates on AI recurring revenue ahead of earnings

Adobe stock jumps as Wall Street fixates on AI recurring revenue ahead of earnings

Adobe shares jumped 3.9% to $283.86 on Thursday as investors focused on AI-driven recurring revenue ahead of next week’s earnings. Piper Sandler maintained a Neutral rating, while Barclays trimmed its price target to $335 but stayed positive. Analysts highlighted annual recurring revenue and AI adoption as key metrics. The stock remains about 40% below its 52-week high.
5 March 2026
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AMD teams up with University of Toronto for 100-project AI research lab in Canada

AMD teams up with University of Toronto for 100-project AI research lab in Canada

AMD and the University of Toronto opened a joint AI and computing research lab, with AMD committing to fund 100 projects over three years and donating two AI servers. The lab will focus on energy-efficient AI systems and methods for training large models on distributed clusters. Federal and provincial officials attended the launch. AMD shares fell about 1% in morning trading.
5 March 2026
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Sandisk stock whipsaws as oil spike and Iran conflict rattle the AI memory trade

Sandisk stock whipsaws as oil spike and Iran conflict rattle the AI memory trade

Sandisk shares fell 0.6% to $595.67 in early Thursday trading after sharp swings earlier in the week. The moves followed surging oil prices near $84 a barrel as the U.S.-Israeli conflict with Iran disrupted tanker traffic in the Strait of Hormuz. Analysts say further volatility depends on whether the conflict drives inflation and slows tech spending.
5 March 2026
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Ondas Inc lands $20 million border drone order as national autonomous program kicks off

Ondas Inc lands $20 million border drone order as national autonomous program kicks off

Ondas Inc’s Airobotics unit received a $20 million initial purchase order as prime contractor for a national border-protection drone program, triggering development and phased deployment. The company has not disclosed the customer or country. Shares closed up 4.9% at $10.51 on Wednesday. The order is part of a multi-year framework and involves integrating drones, software, and ground infrastructure.
5 March 2026
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BW stock jumps after Babcock & Wilcox gets $2.4 billion green light to build AI data-center power project

BW stock jumps after Babcock & Wilcox gets $2.4 billion green light to build AI data-center power project

Babcock & Wilcox received full notice to proceed on a $2.4 billion contract to supply equipment for Applied Digital’s AI data center campuses. The deal includes four 300-megawatt natural gas-fired boiler and generator systems. Shares rose nearly 31% after B&W reported fourth-quarter revenue of $161 million, beating analyst estimates. A securities filing set a fixed fee of about $434.8 million plus variable charges.
5 March 2026
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Okta stock whipsaws after AI-agent lift and earnings beat — then guidance points to slower growth

Okta stock whipsaws after AI-agent lift and earnings beat — then guidance points to slower growth

Okta shares fell about 1% in after-hours trading Wednesday after the company projected roughly 9% revenue growth for fiscal 2027. Fourth-quarter revenue rose 11% to $761 million, with adjusted profit at 90 cents per share. Okta is rolling out new security controls for AI agents. Remaining performance obligations climbed 15% to $4.83 billion.
5 March 2026
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Palantir stock price jumps as Pentagon’s Anthropic ban hits Maven — what’s next for PLTR

Palantir stock price jumps as Pentagon’s Anthropic ban hits Maven — what’s next for PLTR

Palantir shares rose 4% to $153.19 in after-hours trading after a Pentagon order to remove Anthropic’s Claude from military AI systems. The move affects Palantir’s Maven contracts worth over $1 billion and prompted federal agencies to shift to OpenAI and Google products. Defense Secretary Pete Hegseth ordered immediate compliance. The Pentagon, Anthropic, and Palantir declined to comment.
4 March 2026
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CrowdStrike stock holds steady after upbeat 2027 forecast as Wall Street sizes up ARR

CrowdStrike stock holds steady after upbeat 2027 forecast as Wall Street sizes up ARR

CrowdStrike shares traded near $391 Wednesday after volatile swings, following a fourth-quarter revenue jump of 23% to $1.31 billion and ARR of $5.25 billion, up 24%. The company’s fiscal 2027 revenue forecast topped Wall Street estimates. Investors are watching ARR growth and cash flow amid rising AI-driven competition. Costs tied to the 2024 Windows outage reached $117.7 million for fiscal 2026.
4 March 2026
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Lumentum stock wobbles as Nvidia’s $2 billion optics deal sinks in, with traders eyeing what’s next

Lumentum stock wobbles as Nvidia’s $2 billion optics deal sinks in, with traders eyeing what’s next

Lumentum shares fell 0.8% to $688.94 after sharp swings following Nvidia’s $2 billion investment and purchase commitment for AI data-center optics. The deal includes 2.87 million Series A preferred shares sold to Nvidia at $695.31 each, pending antitrust review. Investors await capacity details at Lumentum’s OFC 2026 briefing on March 17. Needham raised its price target to $850, citing new laser supply commitments.
4 March 2026
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Nvidia’s $4 Billion Optics Bet: What It Signals for AI Chips and Data Centers

Nvidia’s $4 Billion Optics Bet: What It Signals for AI Chips and Data Centers

Nvidia will invest $2 billion each in Lumentum and Coherent, securing long-term supply and capacity rights for optical networking parts used in AI data centers. A Coherent filing showed Nvidia bought 7.79 million shares for $2 billion in a private placement. The agreements include multibillion-dollar purchase commitments and support for U.S. manufacturing expansion.
4 March 2026
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Stock Market Today

  • Bernstein Upholds Netflix Stock with $110 Price Target Amid Market Concerns
    June 5, 2026, 8:01 AM EDT. Netflix shares have dropped about 18% over six months, trading near $82 as of June 4, compared with a 52-week high of $134. Bernstein SocGen analyst Laurent Yoon reaffirmed an Outperform rating and $110 price target, suggesting around 35% upside. Despite investor worries over short-form video competition, content costs, and margin pressure, Bernstein highlights Netflix's capacity to raise prices, add subscribers, and expand its ad business. Netflix projects $3 billion ad revenue in 2024, expected to more than double by 2030. The streaming giant aims for 12-14% revenue growth and a 31.5% operating margin by 2026. Bernstein envisions earnings per share doubling from $3.15 in 2026 to over $6 by 2030, supporting a long-term stock target of $135.

Latest articles

Quantinuum slips premarket after $1.68 billion IPO debut

Quantinuum slips premarket after $1.68 billion IPO debut

5 June 2026
Quantinuum shares dropped 2.52% to $58.86 in premarket trading, slipping below their $60 IPO price after raising $1.68 billion in an upsized offering, as investors weigh early-stage financials—$5.2 million Q1 revenue against a $136.6 million net loss—and uncertainty over the company’s ability to turn quantum computing promise into repeatable commercial contracts.
Veru Shares Pop on Novo Wegovy Tie-Up, Uncertainty Lingers Over Key Clause

Veru Shares Pop on Novo Wegovy Tie-Up, Uncertainty Lingers Over Key Clause

5 June 2026
Veru shares soared 88% to $4.23 after a Novo Nordisk deal to supply Wegovy free for Veru’s Phase 2b obesity study, with analysts calling it “external validation” and maintaining $24–$25 price targets, but risks remain as Veru keeps full rights to enobosarm and Novo can end the agreement with 60 days’ notice.
SoFi Stock Jumps Before the Bell — The AI Coach Bet Investors Are Watching Now

SoFi Stock Jumps Before the Bell — The AI Coach Bet Investors Are Watching Now

5 June 2026
SoFi Technologies jumped 2.8% to $17.15 pre-market after launching SoFi Coach, an AI tool for personalized financial advice, aiming to expand beyond lending; investors now watch if this feature drives deeper engagement and revenue, but risks remain as broader market volatility and inflation worries could quickly reverse gains.
American Airlines Shares Slip After Carrier Cuts Routes on Fuel Hit

American Airlines Shares Slip After Carrier Cuts Routes on Fuel Hit

5 June 2026
American Airlines shares held near Thursday’s 1.99% drop in premarket trading after the carrier cut select August and September routes due to high jet fuel costs, with AAL quoted at $13.32, up 0.1% at 7:01 a.m. EDT; jet fuel averaged $142 a barrel last week, sharply above pre-February levels, squeezing margins as American maintains its mixed earnings outlook.
Pennsylvania Sees Electric Bill Spike as AI Data Center Debate Heats Up

Pennsylvania Sees Electric Bill Spike as AI Data Center Debate Heats Up

5 June 2026
Pennsylvania House Republicans propose forcing large data centers to secure their own power and pay grid costs after electricity prices jumped statewide June 1, with PECO’s default supply price up to 11.759 cents/kWh and capacity prices for PJM soaring from $28.92 to $329.17 per megawatt-day for 2026/27, driven partly by data center demand.
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