Articles by Sarah Chen
ASML Confirms Capacity to Meet 2026 AI Chip Demand, Cites China and Tech Adoption Risks
ASML's CEO assured investors the company will not constrain the global chip industry's ability to meet AI-driven demand in 2026, following significant capacity investments. The company raised its 2026 sales outlook to €36-40 billion, though it flagged persistent risks from geopolitics and the adoption of its newest, costlier machines.
AMD Surges on Stifel Target Hike to $320, Eyes May Earnings
AMD shares climbed 6% to $302.24 after Stifel increased its price target to $320, maintaining a Buy rating. The chipmaker's stock now trades less than 6% below that target.
Uber's Lucid Stake Signals Major Robotaxi Ambitions
Uber Technologies has taken a significant 11.5% passive stake in Lucid Group, solidifying a major robotaxi supply agreement. The partnership includes a $500 million investment and an order for at least 35,000 autonomous vehicles.
Strategy's $2.54B Bitcoin Purchase Cements Lead Over BlackRock's ETF
Strategy purchased 34,164 Bitcoin for $2.54 billion last week, raising its total holdings to 815,061 BTC and moving ahead of BlackRock's iShares Bitcoin Trust. The company funded the buy through securities sales.
Axe Compute Lands $260M Nvidia GPU Deal, Pivots to AI Infrastructure
Axe Compute announced a landmark $260 million, 36-month agreement to supply 2,304 Nvidia B300 GPUs to an undisclosed enterprise customer, with deployment starting Q3 2026. The deal comes as the company, which reported only $125,284 in 2025 revenue from its legacy business, seeks to establish itself in the competitive AI infrastructure market.
SoundHound AI Gains on $43M LivePerson Acquisition Deal
SoundHound AI shares advanced in premarket trading following its proposed $43 million all-stock acquisition of LivePerson. The deal aims to merge their customer service platforms and target significant revenue growth by 2027.
POET Technologies Stock Surges on Tax Clarity and Marvell Order Progress
POET Technologies stock extended its rally after management clarified tax status and confirmed a Marvell order, shifting focus to its optical engine business for AI networks.
XRP Holds $1.42 Amid Diverging Crypto Fund Flows
XRP traded around $1.42, down 1%, with a market value of approximately $87 billion. Investment products saw $56 million in outflows last week, contrasting with substantial inflows into Bitcoin and Ether.
Bitcoin Retreats Below $75K as Fed Uncertainty, Geopolitics Weigh
Bitcoin declined 1.7% to $74,985, retreating from a push toward $77,000 amid reassessments of U.S. monetary policy and geopolitical risks. The cryptocurrency faced headwinds despite substantial inflows into spot Bitcoin ETFs and a major corporate purchase by Strategy.