Articles by Sarah Chen
Hoth Therapeutics Rebrands as Rocket One, Shares Surge on AI Chip Pivot
Hoth Therapeutics rebranded as Rocket One Inc., starting trading under RKTO on Thursday. Shares surged 47% pre-market after the pivot to AI chip tech for space.
Meta's Subscription Launch Drives Stock Rally
Meta shares jumped 3.74% to $635.25 on Wednesday after introducing paid subscription plans across its apps and AI tools, while raising its 2026 capital spending forecast to $125-$145 billion.
Nvidia's $5.19 Trillion AI Trade Stalls Amid Chip Sector Pullback
Nvidia shares fell 1.1% Wednesday, pausing after a strong rally, as the broader chip sector slid. The AI bellwether's market cap sits near $5.19 trillion.
ServiceNow Stock Rises 2.2% on Steady Enterprise Demand Signals
ServiceNow shares rose 2.2% to $102.12, outperforming software peers as Oppenheimer reaffirmed its Outperform rating and $130 target after a customer survey showed steady enterprise demand.
Robinhood Gains 2.9% on AI Agent Trading and Credit Card Launch
Robinhood shares climbed 2.9% to $76.23 as the broker debuted AI-agent trading in beta for equities and introduced AI-linked credit card features, targeting growth beyond market volatility.
SoFiUSD Stablecoin Launch Lifts Shares as SoFi Tests Blockchain Payments
SoFi shares climbed to $16.17 after launching SoFiUSD stablecoin for nearly 15 million members, with plans to list on Bullish exchange by end of June.
Snowflake Stock Surges 29% on $6 Billion AWS Deal and Raised Outlook
Snowflake raised its fiscal 2027 product revenue outlook to $5.84 billion and signed a $6 billion, five-year AWS deal focused on AI and Graviton chips, sending shares up 29% after hours.
Meta Launches Paid AI Tiers, Stock Rises on New Revenue Path
Meta shares rose 3.9% after the company introduced paid subscription tiers for its social apps and Meta AI, signaling a potential new revenue source beyond advertising.
Apple Stock Climbs on AI Optimism Ahead of Developer Conference
Apple shares rose 0.8% to $310.71 on Wednesday, lifting its market cap near $4.58 trillion, as investors looked ahead to AI announcements at the upcoming WWDC.
Hoth Therapeutics Soars on Pivot to Space-AI with Rocket One Rebrand
Hoth Therapeutics shares jumped 71% to $1.21 after the company rebranded as Rocket One Inc., shifting focus from biotech to space, defense, and nanomagnetic AI chips.