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Technology 20 April 2026 - 23 April 2026

IBM Stock Tumbles After Earnings Beat as Software Slowdown Reignites AI Fears

IBM Stock Tumbles After Earnings Beat as Software Slowdown Reignites AI Fears

IBM shares fell 9.6% to $227.72 after first-quarter results showed slowing software and consulting growth, despite beating earnings estimates. The selloff spread to ServiceNow, Microsoft, and Adobe, while chip stocks rose. IBM reported $15.92 billion in revenue, up 9%, and raised its quarterly dividend to $1.69. Investors reacted to concerns over AI’s impact on older software businesses.
IBM Earnings Beat Isn’t Enough as AI Fears Slam Software Stocks

IBM Earnings Beat Isn’t Enough as AI Fears Slam Software Stocks

IBM shares dropped 9.5% Thursday despite first-quarter earnings beating estimates, as investors worried AI tools could threaten its software and consulting business. ServiceNow fell 17.5% and the iShares Expanded Tech-Software ETF lost 5.6%. IBM reported $15.9 billion in revenue, up 9%, but growth slowed from the prior quarter and guidance was unchanged.
Micron Technology Stock Slips From Record High as SK Hynix, China Curbs Raise the Stakes

Micron Technology Stock Slips From Record High as SK Hynix, China Curbs Raise the Stakes

Micron Technology shares dropped 2.2% to around $476.98 Thursday morning after a record close. SK Hynix reported record profit and said AI memory demand already exceeds supply. Micron is lobbying Congress to tighten chip export controls on Chinese rivals as lawmakers consider the MATCH Act. The company plans to invest over $25 billion this fiscal year to expand capacity.
23 April 2026
Amazon Stock (AMZN) Gains After $25 Billion Anthropic Deal, With AWS Earnings Now the Key Test

Amazon Stock (AMZN) Gains After $25 Billion Anthropic Deal, With AWS Earnings Now the Key Test

Amazon shares rose 2.18% to $255.36 after the company expanded its partnership with Anthropic, which committed to spend over $100 billion on AWS over 10 years. Amazon will invest $5 billion in Anthropic now, with a possible $20 billion more tied to milestones. The deal comes ahead of Amazon’s first-quarter earnings on April 29. Analysts raised price targets, citing stronger AWS prospects.
Lam Research stock jumps after record quarter, stronger forecast points to more AI chip spending

Lam Research stock jumps after record quarter, stronger forecast points to more AI chip spending

Lam Research reported record March-quarter revenue of $5.84 billion, up 24% from a year ago, and adjusted earnings of $1.47 a share, both above Wall Street forecasts. Shares rose about 4% after hours. China accounted for 34% of revenue. Lam raised its 2026 wafer fabrication equipment outlook to $140 billion and forecast stronger June-quarter results than expected.
Texas Instruments Stock Jumps as Strong Forecast Signals Chip Demand Is Waking Up

Texas Instruments Stock Jumps as Strong Forecast Signals Chip Demand Is Waking Up

Texas Instruments projected second-quarter revenue of $5.00–$5.40 billion and earnings per share of $1.77–$2.05, both above analyst estimates. First-quarter revenue rose 19% to $4.83 billion, with net income up to $1.55 billion. Shares jumped about 8% in after-hours trading. The company cited stronger demand from data-center and industrial customers.
ServiceNow Stock Sinks As Iran War Hits Deals And CEO Calls AI Threat ‘Parlor Tricks’

ServiceNow Stock Sinks As Iran War Hits Deals And CEO Calls AI Threat ‘Parlor Tricks’

ServiceNow shares dropped 14% in after-hours trading Wednesday after the company said Middle East conflict delayed several large deals, despite raising its annual subscription revenue forecast. First-quarter subscription revenue rose 22% to $3.67 billion. Short interest in the stock stood at 2.9%, with shares down about 35% this year before earnings. CEO Bill McDermott highlighted growing demand for AI products, raising the 2026 AI sales target to at least $1.5 billion.
IBM Earnings Today: Red Hat, Confluent and AI Risk Put a $15.6 Billion Quarter in Focus

IBM Earnings Today: Red Hat, Confluent and AI Risk Put a $15.6 Billion Quarter in Focus

IBM will report first-quarter results Wednesday after markets close, with analysts expecting adjusted earnings of $1.81 per share on $15.6 billion in revenue. Investors are watching for signs that software growth, boosted by the $11 billion Confluent acquisition in March, can support a higher 2026 outlook. Red Hat’s performance and updated guidance are in focus. Several analysts cut price targets ahead of the report but kept positive ratings.
Uber Now Owns 11.5% of Lucid. The Robotaxi Bet Is Bigger Than It Looked

Uber Now Owns 11.5% of Lucid. The Robotaxi Bet Is Bigger Than It Looked

Uber disclosed an 11.52% passive stake in Lucid Group, owning 37.8 million shares through a subsidiary, according to an SEC filing dated April 20. The move follows Uber’s expanded $500 million investment and a commitment to purchase at least 35,000 Lucid robotaxi vehicles. Lucid shares fell 1.3% Wednesday after a prior rally. The companies plan a commercial robotaxi launch in the Bay Area later this year.
RTX Raises 2026 Outlook on Missile Demand and Jet-Service Strength, but Stock Slides Again

RTX Raises 2026 Outlook on Missile Demand and Jet-Service Strength, but Stock Slides Again

RTX raised its 2026 adjusted EPS guidance to $6.70-$6.90 and sales outlook to $92.5-$93.5 billion after first-quarter revenue rose 9% and adjusted EPS climbed 21%. Raytheon missile programs and Pratt & Whitney’s aftermarket work drove gains; backlog reached $271 billion. Shares fell about 2.5% Wednesday morning after a 4.4% drop Tuesday. First-quarter sales totaled $22.08 billion, up from $20.31 billion a year ago.
Opendoor Technologies Stock Keeps Climbing as Earnings Test Looms

Opendoor Technologies Stock Keeps Climbing as Earnings Test Looms

Opendoor Technologies shares rose 0.8% to $5.50 Wednesday morning, continuing a rebound ahead of first-quarter results due May 7. The stock is up from $4.51 on April 14. The company will replace its usual earnings call with a video "Financial Open House" for live shareholder questions. Wall Street remains divided on Opendoor's path to profitability as investors watch for improved unit economics.
Nokia Q1 Earnings Preview: AI Push Meets North America Test

Nokia Q1 Earnings Preview: AI Push Meets North America Test

Nokia will report first-quarter results Thursday, with analysts expecting €253 million in adjusted operating profit on €4.56 billion in sales. The company will debut a new reporting structure with expanded segment detail. Consensus sees adjusted EPS at €0.04, up from €0.03 a year ago. Recent deals with TIM Brasil, Deutsche Telekom, and Orange highlight Nokia’s push into AI-driven network infrastructure.
This Little-Known AI Power Stock Is Surging. Its Next Test Comes May 5

This Little-Known AI Power Stock Is Surging. Its Next Test Comes May 5

Navitas shares surged nearly 20% Tuesday morning, trading around $15.82 with volume over 53 million, as investors focused on its AI data-center power role. The company, which designs GaN and SiC power semiconductors, will report first-quarter results May 5. Full-year 2025 revenue dropped to $45.92 million from $83.3 million in 2024 after shifting away from mobile chargers.
21 April 2026
Amazon to Invest Up to $25 Billion More in Anthropic as Claude Maker Commits $100 Billion to AWS

Amazon to Invest Up to $25 Billion More in Anthropic as Claude Maker Commits $100 Billion to AWS

Amazon will invest up to $25 billion more in Anthropic, starting with $5 billion, as the AI startup commits to spend over $100 billion on AWS over the next decade. Anthropic will lock in up to 5 gigawatts of Amazon Trainium chip capacity, with nearly 1 gigawatt online by the end of 2026. The deal follows surging demand for Anthropic’s Claude models, which now generate over $30 billion in annualized revenue.
Oracle Stock Holds After AWS Tie-Up as Investors Reassess the AI Bet

Oracle Stock Holds After AWS Tie-Up as Investors Reassess the AI Bet

Oracle shares slipped 0.2% to $174.75 Monday after investors questioned whether its expanded partnership with Amazon Web Services will drive sustained AI revenue. The company plans to connect its Interconnect service with AWS later this year, but the stock remains far below last September’s record high. Oracle recently raised its 2027 revenue target to $90 billion. Analysts warn data transfer fees and power supply remain concerns.
AMD Stock Pulls Back From Record High as BofA, Stifel Raise Targets on AI CPU Boom

AMD Stock Pulls Back From Record High as BofA, Stifel Raise Targets on AI CPU Boom

AMD shares fell 1.4% to $274.61 in late-morning New York trading Monday after last week’s record highs. Bank of America and Stifel raised their price targets to $310 and $320, citing growing AI infrastructure demand for CPUs. AMD’s partnership with Meta could be worth up to $60 billion over five years. First-quarter results are due May 5.
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Stock Market Today

  • Coffee Prices Mixed Amid Delayed Brazil Harvest and Inventory Trends
    June 25, 2026, 2:16 PM EDT. Coffee prices show mixed performance with September arabica down 0.92% and robusta up 1.58%, hitting a 4-month high. Delayed Brazilian harvest due to renewed rains and a cold front raises concerns about crop quality. ICE arabica inventories hit a 2.25-year low, supporting prices, while robusta inventories recently rose. El Niño weather threats loom, possibly impacting Brazil's 2026/27 crop, with NOAA predicting a 67% chance of a strong event. Despite a forecasted record Brazilian harvest (+14% y/y), global supply surpluses and soaring Vietnamese robusta exports pressure prices. The market remains cautious amid weather risks and shifting supply-demand dynamics.

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