Articles by Sarah Chen
SanDisk Shares Rebound on CEO's Multi-Year Data Center Contract Strategy
SanDisk shares gained 3.5% Thursday morning as CEO David Goeckeler detailed a strategic pivot toward multi-year contracts with data center customers, helping the stock recover from a recent short-seller-driven decline.
Tesla Shares Dip Amid Robotaxi Permit Gap, Insider Sale Filing
Tesla shares declined 2.9% to $417.40 as regulatory filings revealed no autonomous test miles in California for 2025 and a director's planned stock sale. The company also faces a hiring lawsuit and weaker European sales.
Bitmine Immersion Rises on Ether Rally, Eyes Inflation Data
Bitmine Immersion Technologies shares advanced in Thursday's premarket session, extending gains after a 10.6% jump. The move aligns with a rally in Ethereum, which climbed 6.7% to $2,067, lifting stocks tied to digital assets.
Circle Shares Dip After Earnings Surge, USDC Growth in Focus
Circle Internet Group shares retreated slightly in premarket trading after a sharp post-earnings rally. The USDC issuer reported a 77% year-over-year revenue jump to $770 million for Q4.
XRP Gains Amid Regulatory Optimism; Key SEC Deadline Looms
XRP climbed approximately 2% to $1.44, buoyed by Ripple CEO Brad Garlinghouse's prediction of a 90% chance a major U.S. crypto market-structure bill becomes law by late April. A key SEC deadline for a proposed crypto ETF that could include XRP arrives this week.
Broadcom's Strategic Moves: 6G Chip Launch and VMware Partner Restructuring
Broadcom shares edged lower Friday despite launching BroadPeak, a new radio chip for 5G Advanced and early 6G networks. The company also announced plans to eliminate VMware's entry-level reseller tier in EMEA this May.
Apple Gains on Tariff Ruling, Faces iCloud Lawsuit Ahead of Shareholder Meeting
Apple shares closed Friday up 1.6% at $264.58 following a Supreme Court ruling that overturned Trump-era global tariffs. The company faces a new lawsuit from West Virginia over iCloud encryption and prepares for its February 24 shareholder meeting.
Microsoft Stock Dips Amid Gaming Leadership Overhaul, AI Spending in Focus
Microsoft shares closed lower Friday, underperforming the broader tech rally, following news of a leadership shake-up in its gaming division. Market attention shifts to AI investment trends and key earnings reports.
Cybersecurity Stocks Tumble as AI Startup Anthropic Launches Security Tool
CrowdStrike Holdings dropped sharply, with cybersecurity stocks broadly declining following Anthropic's launch of a Claude security tool. The sector faces renewed AI competition concerns ahead of key earnings reports.
Corning Surges to Record High on UBS Upgrade, Fueled by AI Data Center Demand
Corning shares surged 7.3% to a record high Friday after UBS upgraded the stock, highlighting robust fiber-optic demand from AI data center expansion. The stock's year-to-date gain is approaching 60%.
GE HealthCare Gains on FDA MRI Clearances; Investor Events Loom
GE HealthCare shares advanced 1.47% to $84.23, marking a fifth consecutive session of gains following FDA 510(k) clearances for two MRI systems and an AI workflow platform. Investor attention turns to upcoming management presentations.
AppLovin Shares Volatile Amid Active SEC Probe, Social Platform Ambitions
AppLovin shares experienced volatility after hours following reports of an ongoing SEC investigation and a job listing for a 'next-generation social platform.'