Articles by Sarah Chen
Nokia Surges to 16-Year Peak on AI Cloud Order Boom
Nokia shares soared to a 16-year high as first-quarter profit beat estimates, fueled by a 49% surge in AI and cloud customer sales and €1 billion in new orders.
Meta to Cut 8,000 Jobs in May as AI Spending Surges
Meta will cut 8,000 jobs starting May 20 and close 6,000 open roles, with 2026 capital spending projected up to $135 billion as AI investments intensify.
QuantumScape Shares Swing Wildly on Q1 Update, AI Data Center Pivot
QuantumScape shares swung sharply after launching Eagle Line pilot production, starting QSE-5 cell output, and gaining a new automaker partner. The company reported a narrower net loss of $100.8 million.
Palantir Shares Dip 5% Despite Major USDA Contract; Software Sector Slumps
Palantir shares dropped 5.4% to $144.41 Thursday, overshadowed by a broad software selloff triggered by IBM and ServiceNow results, despite winning a $300 million USDA contract.
Micron Stock Slips from Record as SK Hynix Profit Surge and Export Curbs Loom
Micron Technology shares slipped 2.2% from a record close as SK Hynix reported record profit and AI memory demand exceeds supply. Congress weighs tighter export controls on Chinese rivals.
Amazon's Anthropic Deal Boosts Stock, AWS Growth in Focus
Amazon shares rose 2.18% after expanding its Anthropic partnership, with Amazon investing up to $25 billion and Anthropic committing over $100 billion to AWS. All eyes are on Q1 earnings on April 29.
Nvidia Gains as Google Unveils TPU 8 Chips, Backs Vera Rubin Platform
Nvidia shares climbed 1.3% premarket after Google unveiled its TPU 8 chips and committed to offering Nvidia's Vera Rubin NVL72 platform, with SK Hynix reporting surging AI memory demand.
Microsoft Stock Dips on Record $18B Australian AI Deal Amid Sector Selloff
Microsoft shares dropped about 2% in premarket trading after unveiling a record A$25 billion ($17.9 billion) AI investment in Australia, as tech stocks broadly declined on growth concerns from IBM and ServiceNow.
Crypto Casinos Woo Low-Stakes Players as Bitcoin Nears $78K
Crypto casinos are targeting low-stakes players with $2 minimum deposits as Bitcoin nears $78K, while UK's remote gaming duty hike pressures traditional bookmakers.