Technology stocks are pulling in opposite directions today, with enterprise IT and AI infrastructure names commanding the spotlight. Computacenter (LSE:CCC) Leads the session with a double-digit surge after a blowout quarterly update, while Meta's sweeping job cuts sharpen the debate over how aggressively the industry is pivoting toward artificial intelligence at the expense of headcount.
Computacenter storms ahead on full-year upgrade
Computacenter (LSE:CCC) is the standout mover of the session, with shares up 12.21% To 3,749.99p After the IT infrastructure group said a stronger-than-expected first quarter means full-year results are now anticipated to land Comfortably ahead of market expectations. The Q1 trading update, covering the period to 31 March, gave no specific revenue or profit figures but the language was unambiguous, management is guiding up, with the caveat that no significant deterioration in the external backdrop is assumed.
Meta axes 8,000 roles to bankroll AI build-out
Meta Platforms (NASDAQ:META) is cutting roughly 8,000 employees And pausing recruitment for approximately 6,000 Additional roles, redirecting that spending toward AI development and infrastructure. Shares edge higher by 1.02% To 665.85p As investors read the restructuring as a margin-positive move. Wedbush analyst Dan Ives, writing on 23 April, characterised the cuts as a disciplined efficiency drive rather than distress, arguing the reallocation positions Meta to accelerate its AI roadmap without expanding its cost base.
Wedbush opens Oracle coverage with $225 target
Wedbush initiated coverage on Oracle with an Outperform Rating and a $225 Twelve-month price target, making the case that the company's $553bn Contracted backlog transforms its capital expenditure programme from speculative risk into a contract-driven bet on AI infrastructure. The initiation arrives as hyperscalers and enterprise cloud providers compete intensely for data centre capacity, and Wedbush's framing, that Oracle's capex is effectively pre-sold, sets a bullish tone for the stock heading into its next earnings cycle.
Team Internet's DIS review draws valuation above market cap
Team Internet Group (LSE:TIG) Rises 3.91% To 33.25p After the digital services company said its strategic review of the DIS division has attracted multiple highly engaged parties. Indicative interest continues to imply a valuation Materially above The company's market capitalisation at the time the review launched, a signal that the market has been underpricing the division. Team Internet is also opening fixed-income investor meetings in parallel, broadening its financing options as the process advances.
CyanConnode flags revenue above £20m on Goa project
CyanConnode Holdings (LSE:CYAN) Adds 1.77% To 7.99p After guiding FY2026 revenue in excess of £20m, with the Goa AMISP smart metering project providing the initial deployment volumes that underpin the forecast. Cash collections for the year came in at £10.8m, lagging the revenue line, a gap the company will need to close as the Goa rollout scales. The revenue guidance nonetheless marks a meaningful step up and gives investors a clearer anchor for the current financial year.
Astrid Intelligence steadies after Bittensor subnet shock
Astrid Intelligence says short-term volatility hit subnet tokens and the broader TAO ecosystem after a major subnet operator exited on 10 April And liquidated its token position. The company is clear that the exit left protocol mechanics and its own operations intact, framing the episode as market turbulence rather than a structural break. The statement is aimed at reassuring holders that Astrid's position within the Bittensor network remains unaffected by the operator's departure.
Smarter Web adds 44 Bitcoin and lifts Coinbase facility
The Smarter Web Company (LSE:SWC) Climbs 2.6% To 37.76p After purchasing 44 Bitcoin For £2.51m, lifting its total treasury to 2,750 BTC. Drawings under its Coinbase Strategic Credit Facility have been raised to £12m, giving the company additional firepower for further accumulation. The move continues Smarter Web's strategy of building a significant Bitcoin position alongside its operating business.
