Articles by Sarah Chen
Marathon Digital Sells $1.1B in Bitcoin to Reduce Debt, Fund AI Expansion
Marathon Digital Holdings shares gained 3.6% premarket after the company sold $1.1 billion in Bitcoin to fund a discounted debt buyback, reducing convertible obligations by approximately 30%.
Nvidia Slips Amid Rising Competition and Regulatory Pressure
Nvidia shares declined over 4% Thursday, pressured by competitive threats from Huawei's new chip and potential U.S. export restrictions. The Nasdaq entered correction territory, down 10.7% from its October peak.
Bitcoin's Fate Hinges on $14B Options Expiry Amid Macro Turmoil
Approximately $14 billion in Bitcoin options expire Friday on Deribit, with prices stuck near $66,000. The event coincides with Brent crude near $110 and a 10-year Treasury yield at 4.456%, creating a tense macro backdrop.
Bitmine Immersion Shares Drop Despite Ethereum Staking Platform Launch
Bitmine Immersion Technologies shares declined 8% to $19.47 on Thursday, even as the company launched its MAVAN Ethereum staking platform and received a price target hike from B. Riley.
Alphabet Shares Slide as Investors Question Massive AI Spending Plan
Alphabet shares declined over 3% Thursday, extending a 15% retreat from February peaks, as investors expressed concern over the company's ambitious plan to increase capital spending to $185 billion by 2026.
XRP Slumps 4% Amid Geopolitical Tensions and Oil Price Surge
XRP declined approximately 4% to $1.36 Thursday as surging oil prices and fading Middle East ceasefire hopes sparked a widespread crypto market downturn. Bitcoin and Ether also saw significant losses.
Bitcoin Retreats Under $69K Amid Oil Spike, ETF Flows Slow
Bitcoin declined below $69,000 Thursday, pressured by a jump in oil prices and broader risk-off sentiment. Related equities like Coinbase also traded lower as ETF demand moderated.
Miner MARA Rises on Debt Buyback as Sector Diverges Amid AI Shift
Marathon Digital shares advanced following a $1 billion convertible note buyback funded by a bitcoin sale, contrasting with declines across several mining stocks as the industry grapples with rising costs and a strategic shift toward artificial intelligence.
Meta's AI Spending Spree Clashes with Job Cuts, Stock Drops
Meta Platforms is cutting hundreds of jobs while aggressively investing in AI infrastructure, with 2026 capital expenditures projected between $115 billion and $135 billion. The company's stock fell roughly 6.4% on Thursday, reducing its market valuation to approximately $1.84 trillion.
HPE Holds Gains After Analyst Target Hike, AI Backlog Tops $5B
Hewlett Packard Enterprise shares consolidated near weekly highs following a price target increase from Evercore ISI to $30. The firm highlighted robust CPU-driven server demand and a growing AI backlog exceeding $5 billion.
Micron Shares Slide on AI Memory Efficiency Fears, Rival Expansion
Micron Technology shares dropped 4.2% to $366.23 amid concerns over Google's new AI memory efficiency tool and competitor expansion. The decline follows Micron's record quarterly results and a planned $5 billion increase in 2026 capital spending.
Nokia Gains as Jefferies Boosts Target, SEB Cautions Ahead of Q1
Nokia shares advanced in Helsinki trading after Jefferies raised its price target, citing robust optical networking momentum. SEB, however, downgraded the stock to Hold, highlighting valuation concerns following a strong year-to-date rally.