Articles by Sarah Chen
Warby Parker Stock Dips After AI Glasses Reveal Leaves Key Details Unclear
Warby Parker shares slipped after revealing AI glasses with Google and Samsung, but missing pricing and launch date. Q1 revenue rose 8.3% to $242.4M, while gross margin fell to 54%.
Intel Rebounds on CPU Demand Hopes Ahead of Nvidia's Earnings
Intel shares climbed 3.3% to $111.69, breaking a five-session losing streak, after analysts raised price targets on stronger CPU demand. The move precedes Nvidia's earnings.
Autonomous Trucking Sector Shifts to Paid Operations, Investors Eye Scalability
Aurora Innovation and Kodiak report paid driverless freight runs in Texas, while Waabi raises $750M. Investors focus on scalability and cost per mile.
Astera Labs Soars on AI Demand, Wall Street Bullish on Connectivity
Astera Labs shares jumped 15.2% to $248.36 after Evercore ISI boosted its price target and management cited rising AI data-center demand. Revenue surged to $308 million last quarter.
Celestica Shares Slip as AI Hardware Rally Falters
Celestica shares dropped 5% in Toronto as the TSX reopened, mirroring declines in New York, as AI hardware stocks faced a sell-off.
Hut 8 Stock Slips 5.5% Following $16M Water Infrastructure Investment for AI Data Center
Hut 8 shares dropped 5.5% as the company invested $16 million in water infrastructure for its River Bend AI data center, highlighting the focus on project execution.
Anthropic Bolsters AI Research with Key Hires Including OpenAI Co-Founder
Anthropic hires OpenAI co-founder Andrej Karpathy to its pre-training team, aiming to accelerate Claude model development with AI-driven research.
Canaan Shares Tumble as Q1 Losses Widen, Revenue Forecast Disappoints
Canaan shares dropped 13.8% to $0.4163 after the company posted a wider Q1 net loss of $88.7 million and issued a below-consensus Q2 revenue forecast of $35 million to $45 million.
XRP Faces $1.37 Hurdle as Bullish $10 Forecasts Meet Skepticism
XRP trades near $1.37 as bullish $10 forecasts clash with skepticism over Ripple's payments strategy. Standard Chartered projects $2.80 by 2026, but analysts warn RLUSD stablecoin may reduce XRP's role.
Bakkt Shares Surge After Director's $4.85M Insider Purchase
Bakkt shares surged 14.2% pre-market after director Michael Alfred acquired $4.85 million in stock. CEO Akshay Naheta also exercised options as the company shifts focus to stablecoin payments.
Roblox Shares Rise on User Data Bump, Safety Concerns Weigh
Roblox shares rose in early trading as third-party data showed a week-over-week gain in concurrent users, though safety-related challenges and a lowered bookings forecast persist.
ServiceNow AI Gains Pressure Salesforce as BofA Highlights Diverging Fortunes
ServiceNow shares jumped 8.8% after Bank of America resumed coverage with a Buy rating, highlighting AI as a key growth driver. Salesforce rose 3.4% despite an Underperform rating.