Articles by Sarah Chen
Intuit QuickBooks Workforce Expands into AI-Driven HCM, Shares Jump
Intuit launched QuickBooks Workforce, an AI-driven HCM tool for SMBs, expanding into hiring, onboarding, benefits, and performance management. Shares rose 4.8%.
Qualcomm Jumps 11% on Hyperscaler AI Chip Deal; Valuation Debate Intensifies
Qualcomm shares surged 11% after revealing a leading hyperscaler will receive its custom AI chips, sparking debate over the company's valuation.
CrowdStrike Surges Past $500 on AI Security Momentum and Partner Initiatives
CrowdStrike shares surged past $500 on Thursday, buoyed by a new partner app and a Mizuho upgrade, as AI security momentum returns to the spotlight.
Hut 8 Secures $9.8B AI Data Center Lease, Shifts Focus from Bitcoin Mining
Hut 8 Corp. inked a 15-year, $9.8 billion lease for 352 MW of AI data-center capacity at its Beacon Point campus, advancing its pivot from bitcoin mining to AI infrastructure.
BlackBerry's QNX Faces Pivotal Test in AI Robotics Expansion
BlackBerry's QNX unit demonstrates its OS for AI robotics, medical devices, and factory automation. Shares trade at $5.91, down 1.3%, with a $950 million royalty backlog.
Snowflake Shares Surge on Datadog Lift, AI Revenue Test Looms
Snowflake shares rose 10% to $153.21 after Datadog's raised forecast sparked a software rally. The stock is still down 35% YTD, with AI-driven demand key ahead of May 27 earnings.
Mizuho Boosts Micron, Western Digital Targets on AI Memory Demand
Mizuho Securities boosted price targets for Micron and Western Digital, citing AI-driven memory demand. Micron shares rose 4.2% premarket.
Fortinet Rallies 12% as AI-Driven Security Demand Powers Q1 Beat and Raised 2026 Forecast
Fortinet shares jumped 12% premarket after Q1 earnings and revenue beat estimates, with billings rising 31%. The company raised its 2026 outlook, citing strong AI-driven security demand.
Nvidia's $500M Corning Warrant Deal Ties Fiber to AI Boom
Nvidia bought $500M in Corning warrants as part of a multiyear optical deal. Corning will triple U.S. plants, boost fiber capacity 10x, and add 3,000 jobs.
QuantumScape Stock Rises on QSE-5 Production Start, Losses Persist
QuantumScape shares rose to $7.95 on initial production of its QSE-5 solid-state battery cells, but the company reported a Q1 net loss of $100.8 million with no revenue yet.
Dell Surges on AI Server Demand, Texas Move Vote Looms
Dell shares surged 10% as AI server demand drives rally. Company seeks shareholder approval to move legal home to Texas at June 25 annual meeting.