Technology 2 May 2026 - 4 May 2026

Jim Cramer Isn’t Sold on Microsoft Stock — Azure and Copilot Now Face a $190 Billion Test
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Jim Cramer Isn’t Sold on Microsoft Stock — Azure and Copilot Now Face a $190 Billion Test

Microsoft shares traded nearly flat at $413.62 Monday after Jim Cramer called its latest results “okay” but “not joyous.” Fiscal Q3 revenue rose 18% to $82.9 billion, with Microsoft Cloud up 29% and Azure revenue up 40%. CEO Satya Nadella said Microsoft’s AI business reached a $37 billion annual run rate. Capital expenditures hit $31.9 billion for the quarter, with expectations to top $40 billion next quarter.
May 4, 2026
Valve’s $99 Steam Controller Sells Out Fast, and the Steam Machine Wait Gets Harder to Ignore
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Valve’s $99 Steam Controller Sells Out Fast, and the Steam Machine Wait Gets Harder to Ignore

Valve’s new Steam Controller sold out in about 30 minutes after launching Monday, with reports of purchase errors and a surge in user complaints around the 10 a.m. Pacific release. The $99 device is the first 2026 Valve hardware to reach buyers, while the Steam Machine and Steam Frame remain delayed amid memory and storage shortages. Valve has not provided new launch dates for those products.
May 4, 2026
Xiaomi 17 Fold Leak Just Took a Twist as Mix 5 Comeback Claim Gets Knocked Down
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Xiaomi 17 Fold Leak Just Took a Twist as Mix 5 Comeback Claim Gets Knocked Down

A new leak suggests Xiaomi is developing a book-style foldable phone with in-house silicon, code-named “Lhasa” and model 2608BPX34C, possibly launching in August 2026. Separate reports dispute claims of a Mix 5 comeback, tying the code instead to the Xiaomi 18 flagship. Product names, launch dates, and global release remain unconfirmed. Xiaomi ranked fifth in China smartphone shipments in Q1 2026.
May 4, 2026
Sandisk Stock Keeps Climbing After AI Storage Earnings Beat, But The Price Cycle Is The Test
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Sandisk Stock Keeps Climbing After AI Storage Earnings Beat, But The Price Cycle Is The Test

Sandisk shares jumped $60.26 to $1,247.26 Monday after reporting fiscal Q3 revenue of $5.95 billion and announcing $42 billion in new long-term contracts. The stock hit an intraday high of $1,274.77. Analysts raised price targets, citing contract-driven revenue and AI storage demand. Sandisk also launched a $6 billion share repurchase program after repaying all debt.
May 4, 2026
RELX Stock Is Back in Focus as Buyback, Dividend Date and AI Legal Race Collide
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RELX Stock Is Back in Focus as Buyback, Dividend Date and AI Legal Race Collide

RELX’s U.S.-listed ADRs rose to $36.655 on Monday while London trading was closed for a UK holiday, ahead of the company’s ex-dividend date on May 7. An RNS filing showed 1.78 billion voting shares outstanding after buybacks. RELX is running a £350 million share repurchase as part of a £2.25 billion plan for 2026. The company recently offered to acquire French legal AI platform Doctrine.
May 4, 2026
ideaForge Stock Hits 20% Upper Circuit After Profit Swing: Why the Drone Maker Is Back Above IPO Price
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ideaForge Stock Hits 20% Upper Circuit After Profit Swing: Why the Drone Maker Is Back Above IPO Price

ideaForge Technology shares hit their 20% daily price cap Monday after the drone maker reported a March-quarter net profit of ₹59.99 crore, reversing a loss a year earlier. Revenue surged 594% to ₹141.04 crore, driven by defence orders. The stock closed at ₹731.10 on BSE, above its IPO price. IIFL upgraded the stock to “buy” and raised its target price to ₹1,187.
May 4, 2026
iPhone 18 Pro Price Surprise: Apple May Keep Base Models Flat While AI Costs Bite
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iPhone 18 Pro Price Surprise: Apple May Keep Base Models Flat While AI Costs Bite

Apple may keep base prices for the iPhone 18 Pro and Pro Max at $1,099 and $1,199 in the U.S. this fall despite rising memory and storage costs, according to analyst Jeff Pu. Higher storage versions could see price increases. Reports also point to a smaller Dynamic Island and new camera features in iOS 27. Apple’s WWDC26 runs June 8–12 and will highlight AI and software updates.
May 4, 2026
Why NextDC Limited’s A$750 Million Debt Deal Matters for ASX Data-Centre Stocks
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Why NextDC Limited’s A$750 Million Debt Deal Matters for ASX Data-Centre Stocks

NextDC’s A$750 million subordinated notes sale attracted A$1.2 billion in orders, The Australian reported Sunday. The funding will accelerate construction of its S4 Western Sydney data centre amid surging AI and cloud demand. The notes mature in 2030 and were priced at 350 basis points over BBSW. NextDC’s contracted utilisation rose to 667 megawatts as of March 31.
May 4, 2026
WiseTech Global Faces Fresh Fair Work Fight as AI Job Cuts Roll On
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WiseTech Global Faces Fresh Fair Work Fight as AI Job Cuts Roll On

WiseTech Global’s former head of tax, Melina Green, has lodged a claim with Australia’s Fair Work Commission over her dismissal, the Australian Financial Review reported. The dispute comes as WiseTech implements a major AI-driven restructure, cutting about 2,000 jobs over two years. The company’s shares closed at A$43.72 before Monday’s trade in Sydney. WiseTech has not issued a market update on the employment claim.
May 3, 2026
Lynas Rare Earths CEO Flags Texas Risk as U.S. Supply Push Enters New Phase
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Lynas Rare Earths CEO Flags Texas Risk as U.S. Supply Push Enters New Phase

Lynas Rare Earths CEO Amanda Lacaze said the company’s U.S. supply deal is not among its top five contracts and cast doubt on the planned Texas plant’s future. The Pentagon-backed agreement includes a $110/kg price floor for NdPr oxide. Lynas reported March-quarter sales of A$265 million, more than double last year’s figure. Shares closed at A$19.14 on May 1 after a volatile week.
May 3, 2026
Goodman Group’s AI Data Centre Bet Runs Into a Sydney Deadline
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Goodman Group’s AI Data Centre Bet Runs Into a Sydney Deadline

Goodman Group’s plan for a 90-megawatt data centre at 12 Mars Road, Lane Cove, faces local opposition over height, noise, and infrastructure strain as the public comment period ends May 5. The project would demolish four warehouses for two 24-hour data centre buildings. Lane Cove already hosts or plans five data centres. Project Mars is classified as a State Significant Development under NSW planning rules.
May 3, 2026
Meta Stock Falls as Zuckerberg’s $145 Billion AI Spending Plan Tests Wall Street
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Meta Stock Falls as Zuckerberg’s $145 Billion AI Spending Plan Tests Wall Street

Meta shares fell nearly 9% Thursday and closed Friday at $608.75 after the company raised its 2026 capital spending forecast to as much as $145 billion, citing higher data-center and component costs. First-quarter revenue rose 33% to $56.31 billion, but Reality Labs posted a $4.03 billion loss. Daily user numbers slipped from the prior quarter due to disruptions in Iran and Russia.
May 3, 2026
Airtel Africa’s $2 Billion Airtel Money IPO Plan Puts London Listing Back in Play
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Airtel Africa’s $2 Billion Airtel Money IPO Plan Puts London Listing Back in Play

Airtel Africa shares fell 0.39% in London after reports the company is preparing an IPO of its Airtel Money unit, aiming to raise $1.5–$2 billion and value the business at up to $10 billion. Airtel Africa reports full-year results May 8, giving management a chance to address IPO timing and structure. Airtel Money revenue rose 29.4% to $986 million in the nine months to December 2025.
May 2, 2026
National Grid plc’s 585 km Grid Upgrade Could Cut £50 Million From UK Power Bottlenecks
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National Grid plc’s 585 km Grid Upgrade Could Cut £50 Million From UK Power Bottlenecks

National Grid will install dynamic line rating technology on 585 km of high-voltage lines in England and Wales, aiming to save consumers up to £50 million over five years. The rollout targets key north-to-south routes and is expected to finish by 2028. Britain’s system operator warns grid balancing costs could quadruple to £8 billion a year by 2030 without faster upgrades. Some sensors will be installed by drones on live lines.
May 2, 2026
Why Lloyds Banking Group plc’s New AI Agent Push Matters Now
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Why Lloyds Banking Group plc’s New AI Agent Push Matters Now

Lloyds Banking Group has launched Envoy, an internal AI agent platform built with Google Cloud, aiming to boost productivity across its operations. In Q1, Lloyds reported net income of £4.8 billion, up 9%, and statutory profit after tax of £1.6 billion, up 37%. The bank booked a £151 million charge related to the Iran war’s impact on global growth. Lloyds raised its net interest income outlook to over £14.9 billion for 2026.
May 2, 2026
Goodman Group Shares Rise as AI Data Centre Bet Gets Fresh Investor Backing
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Goodman Group Shares Rise as AI Data Centre Bet Gets Fresh Investor Backing

Goodman Group shares rose 1.3% in Sydney Friday, extending gains as investors focused on its data centre projects, which now make up 73% of its A$14.4 billion development pipeline. The company reported A$1.20 billion in first-half operating profit and expects work in progress to reach A$18 billion by June 30. Goodman has secured 6.0 gigawatts of power capacity across 16 cities.
May 2, 2026
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