Articles by Sarah Chen
SanDisk Surges on AI Storage Demand, but Earnings Call Hints at Slowing Price Gains
SanDisk shares rose 9.3% to $1,372.33 after a stellar Q3, but the earnings call hinted that rapid price increases may be cooling.
Xanadu Quantum Faces 294M Share Overhang After EV Group Deal
Xanadu Quantum Technologies stock faces pressure from a 294M share resale registration, even as it partners with EV Group for photonic chip manufacturing. First earnings report due May 14.
Strategy Halts Bitcoin Purchases After $7.5 Billion Buying Spree Ahead of Q1 Earnings
Strategy paused its bitcoin buying spree last week, halting after a $7.5 billion, three-month acquisition run. The company holds 818,334 BTC and reports Q1 earnings Tuesday.
Coinbase Cuts 700 Jobs in AI-Driven Restructuring
Coinbase is cutting 700 jobs to streamline operations and embrace AI, with restructuring costs estimated at $50-$60 million.
Micron Joins US Market Cap Elite on AI Memory Surge
Micron Technology's market cap nears $660 billion as AI demand for high-bandwidth memory drives record revenue and earnings, with plans to exit consumer memory by 2026.
Gloo Acquires EnterpriseMarketdesk to Boost Workday AI Services
Gloo closed its acquisition of EnterpriseMarketdesk, adding Workday consulting and support for nonprofits and mid-market clients. Shares fell 1.1% to $6.97.
Ouster Shares Surge on Rev8 Lidar Launch Combining Color and Depth Sensing
Ouster stock jumped 7.9% to $28.55 after the launch of Rev8 lidar, which integrates color and depth sensing. Google and Volvo Autonomous Solutions plan to adopt the sensor. Q1 results are expected Tuesday.
DoorDash Enables SNAP Payments for Kroger Delivery Across 2,700 Stores
DoorDash has begun accepting SNAP/EBT payments for grocery delivery from nearly 2,700 Kroger-family stores, expanding low-income food access and intensifying competition with Uber Eats and Instacart.
SEALSQ Shares Surge on Heavy Options Activity Ahead of Shareholder Vote
SEALSQ Corp shares climbed 5% to $3.015 on heavy call option volume ahead of its May 7 shareholder meeting. Preliminary Q1 revenue tripled to $4.1 million.
Sivers Semiconductors Surges 47% on Nasdaq Dual-Listing Progress and AI Photonics Bet
Sivers Semiconductors shares surged 47% to SEK 55.95, extending 2024 gains past 1,200%, as the company progresses toward a Nasdaq New York dual listing and a SEK 125 million share issue.
Blaize Shares Surge on $15M Defense AI Deal with Winmate
Blaize Holdings shares soared 33.5% to $2.71 after unveiling a strategic partnership with Taiwan's Winmate to deploy AI chips in rugged field systems for defense and security applications.