Articles by Sarah Chen
Everspin Technologies Surges on $40M Defense MRAM Deal
Everspin Technologies shares rose 25% to $26.99 after announcing a $40 million defense subcontract for domestic MRAM production, with Q1 revenue reaching $14.9 million.
Micron Surges on AI Memory Demand as Chip Rally Intensifies
Micron Technology shares surged 15.5% to $746.81 on Friday, fueled by soaring demand for AI memory chips. Q2 revenue reached $23.86 billion, and Q3 guidance of $33.5 billion underscores the strategic importance of memory in AI.
Micron Hits $850B Market Cap as AI Memory Demand Surges
Micron Technology's market value topped $850 billion as shares surged to $746.81, fueled by AI demand for memory chips. Quarterly revenue nearly tripled, with DRAM, NAND, and HBM sales hitting records.
IREN Secures $3.4B Nvidia Cloud Deal, Pivots from Bitcoin Mining to AI
IREN Limited inked a $3.4 billion, five-year cloud-services agreement with Nvidia, which also secured an option to purchase up to 30 million IREN shares at $70 each, signaling a strategic pivot from bitcoin mining to AI infrastructure.
Intel Stock Jumps 14% on Apple Foundry Deal: The Real Test Begins
Intel shares surged 13.9% on a reported preliminary chipmaking deal with Apple, but with a $2.44B foundry loss, the real test lies ahead.
XRP ETF Inflows Reach $1.325 Billion After Ripple Bank Settlement Pilot
U.S. spot XRP ETFs drew $6.04 million on May 8, lifting cumulative inflows to $1.325 billion, following a pilot connecting XRP to bank settlement networks.
ON Semiconductor Raises $1.3B via Convertible Notes, Eyes Buyback and Growth
ON Semiconductor priced $1.3 billion in zero-coupon convertible notes due 2031, using $331.9 million for share buybacks, as the chipmaker signals a cyclical recovery and AI-driven demand.
BitMine Nears 5% ETH Supply Goal, May Scale Back Weekly Purchases
BitMine Immersion Technologies may slow its weekly ether purchases as it nears a target of owning 5% of ETH supply, Chairman Tom Lee said. The company holds 5.18 million ETH, 4.29% of supply.
Circle Internet Group Earnings, Crypto Bill Vote Loom as Key Tests
Circle Internet Group faces a critical week with Q1 earnings on May 11 and a Senate vote on a crypto bill that could limit stablecoin rewards, impacting USDC's growth and reserve income.
IonQ's $1.8B Chip Foundry Bet Secures Shareholder Approval
SkyWater Technology shareholders approved IonQ's $1.8 billion acquisition, clearing a key hurdle. The deal is expected to close in Q2 or Q3 2026.
Coherent Bounces Back as AI Data Center Demand Drives Capacity Expansion
Coherent shares rebounded 5.03% to $335.26 on Friday, recovering from a post-earnings slide, as AI data-center demand and a $2 billion Nvidia deal drive capacity expansion.
Hut 8's $9.8B Texas AI Lease Signals Pivot from Crypto Mining
Hut 8 Corp. unveiled a $9.8 billion, 15-year AI data center lease in Texas, driving broker price targets higher as the company pivots from crypto mining to AI infrastructure.