Articles by Sarah Chen
Oracle Extends Rally on AI and Bloom Energy Expansion, Yet Challenges Persist
Oracle's stock climbed 5.3% to $171.68, extending gains after announcing fresh AI capabilities and expanding its power partnership with Bloom Energy. The company's aggressive cloud and AI investments are driving growth but face significant financial and operational headwinds.
Allbirds to Rebrand as NewBird AI After $50M Funding, Exiting Footwear
Allbirds will transform into NewBird AI, securing up to $50 million in funding to launch a GPU rental business after selling its shoe brand assets. Shares jumped over 300% on the news.
Broadcom Secures Meta AI Chip Extension, Marvell Gains on Bullish Outlook
Broadcom advanced nearly 4% after extending its custom chip partnership with Meta Platforms through 2029. Marvell Technology gained 1.5% following an analyst upgrade citing robust data-center networking growth.
D-Wave Quantum Shares Extend Rally on Nvidia AI Boost and CEO Advocacy
D-Wave Quantum shares advanced roughly 8% in premarket trading Wednesday, building on a 15.8% gain the prior session. The rally follows Nvidia's release of open-source quantum AI models and CEO Alan Baratz's efforts to position the company as a commercial leader.
Uber Bets $10 Billion on Robotaxi Expansion, Pivots from Asset-Light Model
Uber is investing more than $10 billion to deploy autonomous ride-hailing services, shifting from its traditional asset-light approach. The company plans to launch robotaxis in at least 28 cities by 2028 through partnerships with Baidu, Rivian, and Lucid.
American Airlines Deploys Automated Boarding Gates at DFW Hub in Major Tech Rollout
American Airlines is introducing automated boarding gates at its Dallas/Fort Worth hub this summer, marking the first large-scale U.S. deployment of the technology. The system aims to streamline the boarding process and free up staff for customer service.
Snap Shares Surge on Upbeat Forecast, Strategic Job Cuts to Fund AI and AR Push
Snap Inc. has lifted its first-quarter financial outlook and unveiled a major restructuring plan involving 1,000 layoffs to streamline operations and fund its artificial intelligence and augmented reality initiatives. The company's stock rallied on the news.
Apple Issues Critical Bug Fixes for iCloud Sync and M5 Mac Wi-Fi
Apple has rolled out minor software updates to resolve a disruptive iCloud sync bug affecting iPhones and iPads, alongside a Wi-Fi connectivity problem on its latest M5-powered MacBooks. The patches, released on April 8 and 9, contain no security fixes.
Intel Patent Battle Reignited by Appeals Court Ahead of Q1 Earnings
A federal appeals court has reinstated a major patent infringement lawsuit against Intel, sending the case back to a jury. The ruling adds legal pressure as Intel gears up to report first-quarter results.
Nvidia Denies PC Maker Acquisition Talks, Reversing Dell and HP Gains
Nvidia has officially denied media reports that it is in discussions to acquire any PC maker, labeling the claims as false. The denial reversed earlier stock gains for Dell and HP, while Nvidia shares advanced.