Articles by Sarah Chen
Ondas Surges on $199M Omnisys Acquisition, Signals Defense Software Push
Ondas shares climbed 3.3% to $9.43 after agreeing to buy Omnisys for $199 million in stock, plus up to $60 million in earn-outs, expanding its defense software portfolio.
CleanSpark Stock Surges as Wall Street Eyes AI Potential of Its Power Assets
CleanSpark shares jumped 7.4% on Wednesday after the company appointed a new senior finance executive, with Wall Street viewing its power assets as a play on AI infrastructure.
MARA Holdings Up 7% as Bitcoin Stabilizes, but Morgan Stanley Downgrade Looms
MARA shares rose 7% as bitcoin held near $77,357, but Morgan Stanley cut its price target to $7, prompting a public rebuttal from MARA's IR chief. Riot, Cipher, and TeraWulf also gained.
Senate Panel Advances Crypto Bill, DeFi Pushback and Stablecoin Issues Remain
The Digital Asset Market Clarity Act passed the Senate Banking Committee 15-9 but faces new opposition from DeFi developers and key Democrats over securities amendments and stablecoin provisions.
POET Technologies Surges 11% After Closing $400M Offering; Revenue Concerns Persist
POET Technologies shares climbed 11% to $14.55 after closing a $400 million direct offering, bouncing back from an 8% drop on dilution concerns. The company reported Q1 revenue of $503,389 and a net loss of $12.3 million.
Nokia Secures FCC Approval for Broadband Devices, Optical Market Poised for Growth
Nokia shares gained 3.37% in Helsinki after the FCC conditionally approved its Beacons and ONT devices. Dell'Oro Group predicts the optical transport equipment market will grow 16% in 2026, fueled by AI data centers.
AmpliTech Soars on 5G Hardware Certification for North America
AmpliTech shares surged 14% premarket after U.S. and Canadian certification cleared its indoor 5G DAS for immediate sales. The company has orders from a North American mobile operator.
AWS AI Revenue Hits $15B Run Rate as Amazon Ramps Up $200B Infrastructure Spend
Amazon Web Services AI services hit $15B annualized revenue, CEO Andy Jassy says. Amazon plans $200B in AI infrastructure capex for 2026, targeting $600B in AWS sales by 2036.
Meta Trims 8,000 Jobs in AI-Focused Restructuring
Meta Platforms begins laying off 8,000 employees, reassigning 7,000 to AI projects, as it shifts focus to artificial intelligence and raises 2026 capex to $145 billion.
Bolt CEO Defends HR Shutdown, Says Smaller Team Boosts Agility
Bolt CEO Ryan Breslow defended cutting the HR department at Fortune's summit, stating it created problems. The move follows layoffs and a shift to AI and a finance app.