Articles by Sarah Chen
Bitmine Shares Dip on $75M Eightco Investment as Ether Strategy Expands
Bitmine Immersion Technologies shares declined 3% Thursday after the company committed $75 million to lead a $125 million funding round for Eightco Holdings. The move comes as Bitmine continues to emphasize its ether treasury strategy while expanding into AI and blockchain infrastructure.
Micron Shares Retreat Amid AI Memory Sector Volatility Ahead of Earnings
Micron Technology shares declined over $11 in Thursday trading, testing the AI-driven memory rally ahead of its March 18 earnings report. The pullback comes despite a sharply upgraded DRAM price forecast and a new high-bandwidth memory development partnership.
Bitcoin Defies Oil Spike, Holds $70K Amid ETF Demand
Bitcoin stabilized near $70,300 despite surging oil prices and equity declines. Spot bitcoin ETFs attracted $115.2 million, led by BlackRock's IBIT, providing crucial support.
Navitas Semiconductor Retreats Following AI Chip Announcement and CFO Appointment
Navitas Semiconductor shares gave back recent gains, falling 7% to $10.06 after a 24.9% surge. The volatility followed announcements of a new AI data-center chip package and the appointment of Tonya Stevens as CFO.
Ondas, Palantir, World View Forge AI Surveillance Network, Stock Gains
Ondas Holdings shares advanced following a joint announcement with Palantir and World View to develop an AI-powered intelligence, surveillance, and reconnaissance network. The system will integrate stratospheric balloons, drones, and ground systems.
Plug Power Retreats as Data Center Strategy Faces Investor Scrutiny
Plug Power shares declined slightly Thursday, giving back some of the prior session's gains, as the market assesses the company's new strategy to supply electricity to data centers and utilities.
Intel Gains on New Desktop Chip Launch, AI and Foundry Challenges Loom
Intel shares advanced 2.5% in early trading following the launch of its new Core Ultra desktop processors, though the company continues to face scrutiny over AI-server chip supply and its contract manufacturing ambitions.
Nvidia's $2B Nebius Stake Tests Stock as Meta Chip Ambitions Loom
Nvidia disclosed a $2 billion investment for an 8.3% stake in AI cloud provider Nebius, with shares hovering near $186. The move follows similar investments and comes as Meta announces plans to develop its own AI inference chips.
Ripple's Australian License Bid Supports XRP Near $1.40 Amid Market Caution
XRP held near $1.40, down 1.4%, as Ripple announced a deal to secure an Australian Financial Services Licence. Broader cryptocurrency markets remained subdued amid macroeconomic concerns.
Bitcoin Stabilizes Above $71K Amid ETF Resurgence, Macro Crosscurrents
Bitcoin maintained support above $71,000 as institutional ETF inflows returned, though trading remained influenced by inflation data and oil price swings. Crypto-related equities showed a mixed performance.
Alphabet Seals Record $32B Wiz Acquisition to Boost Cloud Security
Google has finalized its $32 billion acquisition of cloud security company Wiz, marking Alphabet's biggest-ever deal. The move aims to strengthen Google Cloud's security offerings as it competes with AWS and Azure.
Palantir's Defense AI Contracts Face Risk from Anthropic Legal Challenge
Palantir Technologies shares showed minimal movement as legal experts suggest Anthropic has a strong case against its Pentagon blacklisting. The outcome could force Palantir to replace AI models in critical defense software.