Articles about Tech

Micron Technology closed at $426 on March 13, 2026, after analysts reiterated an outperform rating and raised the price target to $500 from $320 amid robust semiconductor demand. The stock has climbed about 50% year-to-date, outperforming broader market declines driven by oil surges and geopolitical tensions. This upgrade highlights Micron's potential in memory chips despite upcoming earnings risks, positioning it as a key watch for investors amid sector volatility. Analysts expect continued momentum if AI-driven demand persists.

Wall Street closed lower on Friday with all three major indexes ending the week in the red, while the Russell 2000 hit its lowest level of the year, despite strong corporate earnings and solid guidance reportedly supporting broader market trends. Meta Platforms shares fell nearly 4% following a report that the social media giant has postponed the release of its AI model Avocado to at least May, signaling potential delays in the company's AI product roadmap. Ulta Beauty shares slumped more than 14% as rising costs deepened margin concerns, with the company's new CEO flagging potential global cost impacts. The mixed market performance reflects investor uncertainty about technology sector growth prospects amid ongoing economic and competitive pressures.

Superconducting computing circuits were briefly heralded as the future of computing in the 1980s. Columnist Karmela Padavic-Callaghan visits a quantum chip foundry where one company is betting this technology’s second act will revolutionise quantum computers

Treasury minister Spencer Livermore trails new strategy as chancellor pins hopes on benefits of AI amid global uncertaintyThe NHS and Ministry of Defence will be urged to buy British tech, as the government pins its hopes on the benefits of artificial intelligence to kickstart growth in the face of the Iran crisis, Treasury minister Spencer Livermore has said.The chancellor, Rachel Reeves, will restate her economic strategy in a high profile lecture on Tuesday, just as rocketing oil prices have raised fears of higher inflation and weaker growth. Continue reading...

Biotech firm Immutep Ltd. crashed more than 80% on March 13, 2026, becoming one of the biggest decliners amid a mixed US market session pressured by geopolitical fears. The plunge contrasted with gains in AI leaders like Intel (+1.7%), Tesla (steady at $395), and Nokia (+1.4%), highlighting sector rotation. This extreme volatility amplifies risks in biotech amid elevated VIX at 26.49 and weekly index losses. Investors may monitor clinical trial updates or funding news for rebound potential.

Major European companies warned EU leaders on March 13, 2026, that efforts to reduce dependence on US tech like Microsoft and Google cloud services could damage profitability and competitiveness. The EU's new sovereignty package targets AI and software reliance amid geopolitical risks. Firms across banking and manufacturing highlighted the high costs of shifting from entrenched US platforms. Discussions echoed concerns raised at the January Davos World Economic Forum.

Big 12 commissioner Brett Yormark ordered an unprecedented mid-tournament change to the playing surface at the men's basketball event after noticing increased court slippage during Texas Tech's loss to Iowa State on Thursday, where guard Christian Anderson was injured midway through the second half. Similar slips occurred in Houston's win over BYU the same day. The decision highlights Yormark's flexibility in addressing safety issues during the high-stakes conference tournament in Kansas City. This rare move in college athletics prioritizes player welfare as March Madness approaches, with no further disruptions reported yet.

Clemson defeated Georgia Tech 8-5 in ACC college baseball action at 8 p.m. ET on ACCN, with Tigers' pitcher striking out 12. Georgia Tech rallied late but stranded runners in scoring position. This win boosts Clemson's record to 15-3. Regional implications rise with NCAA regionals approaching in late May.