Articles by Sarah Chen
Tesla Surges $76B on Cybercab Debut Amid Autopilot Probes
Tesla shares soared 5.42% to $376.365, boosting market value by $76B, as Cybercabs launched in Austin. Autopilot crash reports surface, but investors bet on robotaxi growth.
Strategy Shares Leap 17.6% as Bitcoin Rally Boosts Premium to 12%
Strategy (MSTR) shares surged 17.6% as Bitcoin climbed above $82,000, lifting the stock to a 12% premium over net asset value. The rally follows a dovish Fed comment and renewed crypto momentum.
Circle Soars 16% Despite Rate Headwinds as USDC Growth Surges
Circle (CRCL) surged 16.5% as USDC circulation growth outpaced a 66-basis-point yield drop, though reserve income gains were mostly offset. Q2 revenue rose 6.6%.
Microsoft Stock Climbs 3% as $41B Capex Raises Cash Flow Questions
Microsoft shares gained 3% as investors weighed strong Azure growth against $41B in quarterly capital spending that exceeded free cash flow.
BitMine Shares Jump 14% as Market Cap Nearly Matches Crypto Holdings
BitMine shares climbed 14% as its market cap reached $15.9 billion, aligning with its reported crypto holdings. Ether's rally drove the surge.
Binance Opens Trading to AI Agents, BNB Rises 5.2%
Binance has introduced Agent OS, allowing AI agents to access market data and execute trades. BNB rose 5.2% in line with the broader crypto market.
Coinbase Stock Soars 10.5% as Crypto Rally Lifts Exchange's Valuation
Coinbase shares surged 10.5% to $193.36, valuing the exchange at $51B. Despite a 22% drop in transaction revenue, a crypto rally and record market share fueled gains.
Bitcoin Breaks $80K as Spot Demand Takes the Lead
Bitcoin surged 4.8% past $80,000 on Thursday as spot demand drove gains. U.S. spot funds saw net inflows of $101.1 million, while futures leverage remained subdued.
XRP Surges 10% as Institutional Demand Shifts to Regulated Venues
XRP rallied 10% to $1.4641, driven by $170M in ETF inflows and a rise in CME futures market share, indicating a pivot to regulated investment channels.
Nvidia Soars on $12.93B Hugging Face Deal, Signals AI Strategy Shift
Nvidia (NVDA) shares gained 1.4% after announcing a $12.93 billion acquisition of Hugging Face, valuing the AI startup at 86 times annualized revenue.
Intel's Foundry Growth Veiled by Internal Sales, Valuation Scrutinized
Intel's foundry business still relies on internal customers for 95% of revenue, raising concerns about its $454B valuation. External sales were only $293M in Q2.
MARA Stock Gains 2.3% as Bitcoin Dips Below $78,000, Miners Outperform
MARA Holdings rose 2.35% to $10.47, but underperformed rivals as bitcoin traded below $78,000. Q2 revenue fell 27% and energy costs per bitcoin surged 14.7%.