Articles by Sarah Chen
Spotify Shares Climb on Audiobook Charts Launch, Analyst Upgrade
Spotify shares rose 3.9% to $514.94 Friday, buoyed by new audiobook features and an analyst upgrade citing margin improvement. The stock slightly retreated in after-hours trading.
Lam Research Shares Slip as Chip Rally Falters Amid Oil Price Surge
Lam Research shares declined over 2% Friday, extending losses as the chip sector cooled. A spike in oil prices following Middle East strikes has heightened inflation worries, pressuring growth stocks.
Bitcoin Holds $67K Amid Iran Tensions, Eyes on Oil and Jobs Data
Bitcoin steadied around $67,000 over the weekend as geopolitical tensions in the Middle East drove a sharp rally in oil prices, renewing inflation concerns. Markets await Monday's reopening and Friday's U.S. employment data for direction.
Intel Closes Week Higher as ASML Milestone and Macro Data Loom
Intel shares gained 3.4% this week, finishing Friday at $45.61. Focus shifts to ASML's production milestone for next-gen tools and key macroeconomic data due next week.
XRP Recovers to $1.37 Amid Geopolitical Tensions, Eyes Key Support
XRP climbed approximately 3% to $1.37 over the weekend, recovering from a sharp decline triggered by U.S. military action against Iran. The broader cryptocurrency market also rebounded, with Bitcoin and Ether posting gains.
CoreWeave Plunges on Aggressive $35B Capex Plan, Margins in Focus
CoreWeave stock dropped sharply following its announcement of a massive $30 to $35 billion capital expenditure plan for 2026, more than double last year's spending. The AI cloud infrastructure firm also reported a Q4 net loss of $452 million on $1.57B revenue.
Lumentum CFO Files to Sell $3.66M in Shares Ahead of Key Investor Events
Lumentum Holdings Inc. CFO Wajid Ali has filed to sell 5,302 shares, a transaction valued at roughly $3.66 million. The stock closed Friday at $700.91, up 3.5%, with key investor presentations scheduled for early March.
Meta Shares Slip on Reported Google AI Chip Deal, Market Eyes Spending
Meta Platforms shares fell Friday and extended losses after-hours following a report of a major AI chip rental deal with Google. Investors are weighing the implications for capital spending ahead of key events this week.
Nvidia Faces Pressure After 4% Drop, Eyes on GTC and OpenAI Funding
Nvidia stock declined 4.2% to $177.19 as investors weighed OpenAI's massive funding round and potential new AI chip announcements at next month's GTC conference.
Amazon Commits $50 Billion to OpenAI in Major AI Cloud Alliance
Amazon has unveiled a $50 billion investment and expanded partnership with OpenAI, positioning AWS as the exclusive third-party cloud provider for OpenAI's new enterprise platform. The deal deepens Amazon's strategic push into generative AI infrastructure.