Articles by Sarah Chen
Intel Buys Back $14.2B Stake in Irish Fab, Bolstering AI Strategy Ahead of Earnings
Intel has regained full ownership of its Fab 34 facility in Ireland through a $14.2 billion buyback of Apollo's stake. The move strengthens Intel's manufacturing control as it prepares to report quarterly results and advance its AI initiatives.
Broadcom's Google AI Deal Intensifies Competition with Nvidia
Broadcom announced a major partnership to build Google's future tensor processing units and supply AI rack components until 2031. The deal highlights escalating competition in the AI semiconductor market, where Nvidia currently leads.
Mizuho Trims Quantum Computing Targets After Nvidia Conference
Shares of IonQ, D-Wave Quantum, and Rigetti Computing declined after Mizuho reduced price targets, pointing to a sector reassessment following Nvidia's GTC event.
Nokia AGM to Decide Leadership, Payouts Amid AI Strategy Shift
Nokia's annual meeting features key votes on leadership succession, shareholder returns, and expanded capital flexibility as the company pivots toward AI-driven network upgrades.
Snapchat Study Aims to Capture Healthcare Ad Dollars Amid Rival Pressure
Snap Inc. published a study indicating 59% of surveyed Snapchat users altered real-world health actions after seeing content on the platform. The move targets healthcare advertising as the company faces pressure from activist investor Irenic Capital.
Plug Power Surges on Major Quebec Hydrogen Deal Ahead of Investor Tour
Plug Power shares rallied sharply following a significant electrolyzer contract award in Quebec. Company leadership is commencing a Canadian investor roadshow to discuss financial progress and growth strategy.
Nvidia's Slurm Acquisition Sparks AI Ecosystem Control Concerns
Nvidia's acquisition of SchedMD, the developer behind the Slurm workload manager, has ignited concerns about potential hardware favoritism in AI and supercomputing. The chip giant asserts it will maintain Slurm's open-source, vendor-neutral status.
Microsoft's AI Ambitions Face Investor Scrutiny Over Costs and Concentration
Microsoft's stock remains under pressure following its worst quarterly performance since 2008, with investors focused on massive capital expenditures for AI infrastructure and significant commercial reliance on OpenAI.
XRP Gains Amid Geopolitical Hopes, Yet Remains Range-Bound
XRP climbed approximately 3% to $1.35 on Monday, lifted by a broader cryptocurrency rally fueled by reports of U.S.-Iran ceasefire discussions. The token's trading volume exceeded its seven-day average, yet it remained confined within its recent range, unable to surpass the $1.35 resistance level.
Bitcoin Surges Past $70K on Geopolitical Hopes, Sparking Crypto Rally
Bitcoin rallied over 3% to briefly exceed $70,000 Monday, fueled by optimism around potential U.S.-Iran ceasefire discussions. The move forced out over $200 million in bearish bets and lifted the broader crypto market.