Articles by Sarah Chen
Nebius Shares Surge on AI Infrastructure Demand, Despite Valuation Concerns
Nebius Group shares climbed 7.4% Monday after Bank of America boosted its price target, countering a downgrade that flagged valuation risks following the stock's significant advance.
Adam Back Rejects Satoshi Nakamoto Speculation Amid Renewed Media Focus
Cryptographer Adam Back has again refuted claims he is Bitcoin's anonymous founder Satoshi Nakamoto, despite renewed media attention. Bitcoin's price showed little movement amid the speculation.
CoreWeave Shares Extend Rally on New AI Compute Deals with Anthropic and Meta
CoreWeave shares advanced Monday, building on gains from a new agreement to supply AI computing capacity to Anthropic. This follows last week's disclosure of a massive $21 billion order from Meta.
Morgan Stanley Expands Crypto Strategy Beyond Bitcoin with Tokenization Plans
Morgan Stanley is developing tokenized money-market funds and crypto tax tools following the successful launch of its low-fee bitcoin ETP, signaling broader digital asset ambitions beyond Bitcoin.
ServiceNow Downgraded by UBS on AI Disruption Fears, Shares Drop
UBS downgraded ServiceNow to neutral from buy, cutting its price target to $100 from $170, warning of AI disruption risks and softer demand for non-AI software. Shares dropped 7.6% in pre-market trading.
Palantir Stock Gains as ARK Invest Adds Shares Amid AI Sector Volatility
Palantir Technologies shares advanced nearly 2% premarket Monday following a significant purchase by Cathie Wood's ARK Invest. The move comes as the software sector faces pressure from emerging AI tools.
Bitcoin Retreats as Iran Talks Stall, ETF Inflows Provide Support
Bitcoin fell back Sunday as geopolitical tensions resurfaced, though continued institutional demand via spot ETFs helped cushion the decline. Morgan Stanley's new Bitcoin fund marked a milestone for Wall Street adoption.
Geopolitical Tensions Weigh on XRP as Crypto Markets Retreat
XRP fell approximately 1% to $1.33 on Sunday, pressured by the collapse of U.S.-Iran negotiations and broader crypto market declines. The token remains significantly below its all-time high.
MARA Stock Gains Despite Analyst Target Cut as Miner Pivots to AI Infrastructure
MARA Holdings stock advanced 1.7% to $9.67 Thursday, shrugging off a price target reduction from Cantor Fitzgerald. The company is selling bitcoin holdings and repurchasing debt to fund a strategic shift toward artificial intelligence and cloud infrastructure.
Meta Inks $21B AI Cloud Deal with CoreWeave Amid Major Debt Financing
Meta Platforms has signed a new $21 billion agreement with CoreWeave for AI cloud computing capacity extending to 2032. The deal comes as CoreWeave raises billions in debt financing to support its aggressive expansion plans.