Articles by Sarah Chen
Microsoft Shares Gain 3% Amid Analyst Downgrade Over AI Spending Concerns
Microsoft stock advanced 3.1% to $413.60 in early trading Tuesday, recovering despite a Melius Research downgrade to 'hold' on worries about rising AI capital expenditures pressuring free cash flow.
SoFi Expands Crypto Trading to Hong Kong via OSL Partnership Following Analyst Upgrade
SoFi Technologies partners with OSL Group to launch in-app digital asset trading in Hong Kong, expanding its crypto services. The move follows a Citizens analyst upgrade to 'Market Outperform' with a $30 price target.
Amazon Shares Dip on Report of AWS AI Content Marketplace Plans
Amazon shares declined 0.8% in premarket trading following a report that AWS is developing a marketplace for publishers to license content to artificial intelligence companies.
Morgan Stanley Issues Underweight Rating on MARA, Citing Bitcoin Dependency
MARA Holdings shares declined 2.3% in premarket trading after Morgan Stanley initiated coverage with an underweight rating and an $8 price target, highlighting the miner's continued reliance on bitcoin price movements.
TeraWulf Shares Retreat Premarket Following Analyst Initiation with Bullish Target
TeraWulf stock declined 3.5% in premarket trading, giving back some of its prior session's sharp gains, after Morgan Stanley began coverage with an Overweight rating and a $37 price target.
Ondas Secures $30M+ Israeli Demining Contract, Goldman Sachs Holds 4.2% Stake
Ondas Holdings shares held steady in premarket trading after its 4M Defense unit won a demining contract valued over $30 million in Israel. Goldman Sachs disclosed a 4.2% passive stake in the company.
Intel Shares Dip on Rakuten AI Network Expansion, Eyes on Economic Data
Intel shares declined 0.7% in premarket activity following Rakuten Mobile's announcement of a broader collaboration to integrate AI into mobile network infrastructure. Market attention shifts to upcoming U.S. retail sales and inflation reports.
Bitcoin Stabilizes Near $70K Post-Selloff as Bernstein Reaffirms $150K Target
Bitcoin steadied around $70,000 after recovering from last week's drop to $61,000. Bernstein analyst Gautam Chhugani termed the decline a 'crisis of confidence' while maintaining a $150,000 year-end forecast.
Nvidia Gains on Tariff Exemption Reports for Big Tech AI Data Centers
Nvidia shares advanced in premarket trading following reports the U.S. may exempt major tech firms from new AI chip tariffs. Investors also await key inflation data and the company's upcoming earnings.
Salesforce Trims Workforce Amid AI Strategy Shift, Agentforce Unit Impacted
Salesforce has reduced its headcount by under 1,000 employees in early February, affecting marketing, product management, and its Agentforce AI division, according to a report.
Bitcoin Retreats Below $70K as Market Sentiment Shifts from Dip-Buying to Rally-Selling
Bitcoin struggles to hold $70,000 as traders pivot from 'buy the dip' to 'sell the rip,' with $9 billion in liquidations and rising stablecoin allocations signaling caution.
XRP Gains 2.5% to $1.42 Amid Binance Fee Waiver and Ripple Custody Expansion
XRP rose 2.5% to $1.42, recovering from last week's 12% drop, as Binance launched zero-fee trading and Ripple expanded custody partnerships. Traders await Ripple's Community Day and key U.S. economic data.