Articles by Sarah Chen
Ondas Secures $15.8M Israeli Demining Contract Following Merger Announcement
Ondas Holdings' defense unit secured a $15.8 million initial contract for demining operations along the Israel-Syria border. The award follows the company's merger announcement with Mistral Inc. and upgraded revenue guidance.
Plug Power Pursues Major PJM Power Deal to Fuel AI Data Center Growth
Plug Power is negotiating to supply up to 250 megawatts of electricity to the PJM Interconnection market, focusing on data center operators and utilities with long-term contracts. The move aligns with surging power demand driven by AI and comes as the company reports improved 2025 financial results.
SoFi Shares Dip Amid CEO Purchase and Mastercard Stablecoin Partnership
SoFi Technologies shares fell in late trading Tuesday, even after CEO Anthony Noto increased his stake and the company announced a Mastercard partnership for its stablecoin. The fintech sector broadly weakened.
Nokia Executive Offloads €1M in Stock Amid AI Strategy Push
Nokia Oyj's chief customer officer Raghav Sahgal sold 150,000 shares for approximately €1.01 million, a regulatory filing showed. The sale coincides with the firm's intensified focus on AI-driven network upgrades.
Intel Debuts New Edge AI Chips Amid Strategic Restructuring
Intel unveiled its Core Series 2 edge AI processors for industrial systems and a healthcare AI suite at Embedded World, aiming for deterministic performance in factories and patient monitoring.
Barclays Boosts Chip Equipment Forecast, Lifts KLA Shares Ahead of Investor Day
KLA shares advanced Tuesday after Barclays significantly increased its chip equipment spending outlook, driven by AI data center needs. The firm now sees 2026 wafer fab equipment spending rising 24% to $139 billion.
Morgan Stanley Boosts CrowdStrike Rating on Strong Growth Outlook
Morgan Stanley upgraded CrowdStrike to overweight, raising its price target to $510, as the cybersecurity firm projected fiscal 2027 revenue above Wall Street estimates.
Bitcoin Surges Past $70K Amid Easing Geopolitical Tensions, ETF Inflows
Bitcoin reclaimed the $70,000 level, rising 3.3% as geopolitical tensions eased and crude oil prices tumbled. The rally was supported by renewed inflows into spot Bitcoin ETFs and significant corporate buying.
Salesforce's Massive Buyback Plan Draws Credit Downgrade, Market Skepticism
Salesforce faces a credit rating downgrade from Moody's and a negative outlook from S&P after announcing plans to fund a $50 billion share repurchase program with debt. The company's stock fell as investors weighed the balance sheet risks against management's confidence in future growth.
GE Vernova Commits $200M to Vietnam Transformer Plant Amid Energy Push
GE Vernova will invest approximately $200 million to establish a large power transformer plant in Hai Phong, Vietnam, with full operations targeted for 2028. The move aligns with Vietnam's accelerated LNG and grid infrastructure development.