Articles by Sarah Chen
Rivian's Robotics Spin-Off Mind Robotics Valued at $3.4 Billion
Mind Robotics, a robotics startup spun out of Rivian, raised $400 million at a $3.4 billion valuation. Rivian shares fell to $13.96 as R2 SUV deliveries begin.
Nokia Stock Retreats After AI Rally: Key Details for Investors
Nokia's US-listed shares dropped about 5% Friday, pulling back from an AI-driven rally. The company reported a 54% rise in Q1 operating profit and named a new mobile infrastructure president.
XRP Slips as Rising Yields Dampen Crypto Rally
XRP fell to $1.44 Friday as rising bond yields and reduced Fed cut bets weighed on risk assets, overshadowing regulatory progress.
Bitcoin Drops Below $80K as Inflation Fears and Treasury Yields Pressure Crypto
Bitcoin fell below $80,000 on Friday, pressured by elevated inflation, a spike in Treasury yields, and significant ETF outflows totaling over $860 million.
Intel Shares Slide as Server Chip Market Share Erodes to AMD and Arm
Intel shares tumbled 6.5% Friday after UBS data revealed its server CPU market share fell to 54.9% in Q1, while AMD and Arm advanced. The drop extends a three-day slide amid profit-taking in chip stocks and persistent rate worries.
ServiceNow Partners with Experian to Bolster AI Workflow Capabilities
ServiceNow and Experian have formed a global multi-year partnership to integrate Experian's Ascend data tools into ServiceNow's AI workflows, with initial applications in employee onboarding and risk management.
Gemini Shares Surge 20% After $100M Bitcoin Investment from Winklevoss Twins
Gemini Space Station shares surged over 20% premarket after a $100M Bitcoin investment from the Winklevoss twins. Q1 revenue rose 42% to $50.3M, but the company posted a $109M net loss.
MicroAlgo Surges on Quantum Circuit Automation Algorithm
MicroAlgo Inc. shares surged 20.88% in pre-market trading after announcing a novel algorithm for automating quantum circuit design, but the company has not yet disclosed customers, pricing, or a launch timeline.
Datavault AI Shares Surge Ahead of Q1 Results Amid Crypto Bill Momentum
Datavault AI shares climbed 10% premarket ahead of Q1 earnings, boosted by a Senate crypto bill vote. The company also raised $60 million in a stock sale for its GPU edge network plan.
Anthropic Nears $900B Valuation in Record $30B Funding Round
Anthropic is raising $30 billion at a ~$900 billion valuation, potentially surpassing OpenAI. Annualized revenue is projected to exceed $45 billion.
Redwire Soars 22% on Defense Tech Showcase Amid Record Backlog
Redwire shares surged 22% Thursday, driven by defense tech showcase plans and a record $498M backlog, despite a wider net loss and new $350M share program.
Crypto Stocks Surge on Senate Committee's Digital Asset Bill Vote
Shares of Coinbase, Robinhood, and Strategy rose about 5% after a Senate panel voted 15-9 to advance a crypto market-structure bill. Bitcoin traded near $80,623.