Articles by Sarah Chen
AXT Raises $632.5M to Expand InP Wafer Production in China Amid AI Boom
AXT raised $632.5 million to boost indium phosphide wafer production in China, betting on AI demand. First-quarter revenue is projected at $26-$28 million, with a net loss up to $2.6 million.
Lightwave Logic Shares Slide 6.9% as $51.4M Stock Sale Program Expands
Lightwave Logic shares dropped 6.9% to $12.665 after expanding its stock-sale program to $51.4 million. The company reported 2025 net sales of $236,855 and a net loss of $20.3 million.
Infleqtion Under Pressure After Major Share Distribution by LCP Funds
Infleqtion shares dropped 5% after LCP Quantum-linked funds distributed over 30.5 million shares, removing their 10% owner status. The quantum tech firm reported $32.5M revenue and $35.3M loss.
BlackRock Trims Archer Aviation Stake as eVTOL Firm Nears FAA Milestones
BlackRock disclosed a 6.9% passive stake in Archer Aviation, down from 8.1% in January, as the air taxi developer progresses toward FAA certification and a shareholder vote on moving to Texas.
BitMine's $24M Ethereum Purchase Bolsters 5% Supply Target
BitMine Immersion Technologies bought 10,000 ETH from the Ethereum Foundation for $23.9M, pushing its holdings closer to the 5% supply target as BMNR shares trade near $22.
Bitwise Leads XRP ETF Inflows as Market Digests $1.53B AUM
Bitwise secured all $6.44M in daily net inflows for US spot XRP ETFs on April 24, raising its total to $426M. Goldman Sachs reported $153.8M in holdings, but XRP's price remains under pressure with technicals hinting at a potential 40% decline against bitcoin.
Intel's Surge Reshapes AI Chip Market, Lifting AMD and Nvidia
Intel's 23.6% surge on strong earnings reshapes AI chip dynamics, lifting AMD and Nvidia as CPUs gain focus in inference and agentic AI workloads.
FBI Probes Crypto Investor Wen Hou's Father Disappearance Amid Fraud Allegations
FBI probes disappearance of Naiping Hou, father of crypto investor Wen Hou, amid cellphone spoofing and fraudulent bank transactions. Soybeans steady despite export sales drop.
Vertiv Shares Rise as JPMorgan Boosts Target on AI Data Center Demand
Vertiv shares closed up 0.5% at $323.46 after JPMorgan raised its target to $350, driven by AI data center demand. Q1 sales surged 30% to $2.65B, but cautious Q2 guidance tempered enthusiasm.
Cisco Enters Quantum Networking with Prototype Universal Switch
Cisco Systems (CSCO) introduced a prototype quantum switch that links diverse quantum computers and sensors over standard telecom fiber at room temperature, with data degradation of 4% or less.
BlackRock Reveals 8% Stake in Ciena as AI Optical Networking Demand Surges
BlackRock disclosed an 8% stake in Ciena, signaling institutional confidence in the AI networking trade. Shares are near record highs amid strong demand for optical connectivity.