TECHNOLOGY

Dell Technologies shares rose 4.68% in midmorning trading after a sell-off, as investors focused on record AI server orders, stronger guidance and a $95 billion backlog.

Uber CEO Dara Khosrowshahi says savings from 3,300 corporate layoffs will help reduce fares, but the company has provided no targets or timeline for lower prices.

Tesla plans to begin shipping Optimus humanoid robots to commercial customers in 2027, but limited production, shifting forecasts and manufacturing challenges cast doubt on the schedule.

Salesforce shares gained 3.73% ahead of Dreamforce 2026, where the company is expected to showcase new Agentforce AI agents, its Anthropic partnership and long-term strategy.

Yelp shares rose 2.68% to $21.87, but remained near a 52-week low as investors weighed mixed earnings, cautious guidance, AI investments and divided analyst views.

Elon Musk has endorsed Anthropic CEO Dario Amodei's warning about advanced AI risks, even as Musk, Anthropic and OpenAI face scrutiny over their technology investments and IPO plans.

Palantir shares advanced as investors shifted away from AI chipmakers after warnings about frontier model development, while strong commercial growth supported the enterprise software company's outlook.

SanDisk shares fell 5.18% as investors assessed DeepSeek's memory-efficient AI model, renewed calls to slow frontier AI development and the potential impact on future chip demand.

SK hynix ADRs fell 6.3% as investors feared slower frontier AI development could reduce demand for high-bandwidth memory, despite record results and upbeat shipment guidance.

Broadcom shares fell 4.45% as an AI safety debate added to concerns about margin pressure, valuation and the outlook for custom AI chip spending.

Intel shares fell 6.4% as calls from prominent AI executives to slow frontier development triggered a global semiconductor sell-off and renewed scrutiny of the company's turnaround prospects.

AMD shares fell 5.94% as renewed calls to slow AI development intensified concerns about infrastructure spending, high valuations, Treasury yields and the outlook for semiconductor stocks.

Nvidia shares fell 3.15% after calls to slow frontier AI development raised concerns about future chip demand, while broader market pressures added to the semiconductor sell-off.

Hewlett Packard Enterprise shares fell 9.6% after Evercore downgraded the stock and an AI-linked market sell-off intensified concerns about valuation, margins and supply constraints.

Amazon is lifting 2026 capital expenditure to about $220 billion as AWS growth accelerates, placing Andy Jassy's AI infrastructure strategy at the centre of the company's next growth test.

Apple shares rose after the iPhone Duo debut, yet analysts disagree on whether its strong margins and potential demand can offset limited volumes, memory costs and valuation concerns.

LG Electronics has denied claims that its smart TVs record household conversations in standby mode, while researchers allege the sets captured audio, mapped networks and sent data to LG Ad Solutions.

Elon Musk has threatened legal action against Alex Gibney over a critical documentary, disputing claims about Starlink and denouncing the film before its scheduled US theatrical release.

Frontier Communications customers reported internet outages early Friday, marking the second disruption reported this week as Downdetector recorded a surge in complaints and Frontier had yet to explain the cause.

SolarWinds acknowledged an ongoing Service Desk incident affecting North American users after Downdetector recorded a surge in reports, with the company investigating elevated 500 errors and offering no resolution timeline.

Apple introduces the iPhone Duo, its first foldable phone, priced at $1,999. It features a unique design and competes with Samsung and Google's foldables in terms of size, weight, and functionality.

Western Digital shares fell 2.7% as investors locked in gains from AI storage trades. Despite strong fiscal 2026 results, the stock's rally cooled, prompting questions about future earnings visibility.

SanDisk's stock surged over 630% in 2026 due to AI-related NAND flash memory demand, despite a recent pullback. The company forecasts strong future growth with new business agreements and strategic shifts.

SK Hynix shares fell amid a broader memory chip sector pullback, despite strong AI-driven demand and recent upgrades from financial institutions citing tight supply and robust demand for AI chips.

Intel's stock fell 5.5% following a $20 billion share sale and Apple's move away from Intel Macs. Despite strong revenue growth, Intel faces challenges with market dynamics and future investments.

Micron Technology's stock fell amid a broader semiconductor decline, despite strong performance driven by a global memory chip shortage and AI demand. Investors await its upcoming earnings report.

AMD shares fell amid broader semiconductor sector weakness, despite strong business fundamentals and significant growth in AI infrastructure partnerships and data center revenue throughout 2026.

Nvidia's $20 billion deal with AI startup Groq is under DOJ investigation for potential antitrust issues, raising concerns about competition in the AI chip industry and impacting Nvidia's stock.

Apple's launch of the foldable iPhone Duo has drawn mixed reactions from analysts, with some predicting significant revenue impact while others remain sceptical about consumer adoption.