Articles by Sarah Chen
Broadcom Shares Dip Amid 6G Chip Launch, VMware Partner Changes
Broadcom shares declined 0.4% on Friday, underperforming the broader market despite launching a new 6G radio chip. The company also plans to restructure VMware's partner program in Europe, the Middle East, and Africa.
Palantir Secures Potential $1B DHS Deal Amid Insider Filings, Analyst Upgrade
Palantir shares edged higher after hours following news of a five-year Department of Homeland Security agreement worth up to $1 billion, alongside insider sale filings and an analyst upgrade.
Micron Gains in Extended Trading as AI Memory Demand Strengthens
Micron Technology shares advanced in late trading Friday, reflecting renewed investor confidence in memory makers as critical AI infrastructure plays. The focus now turns to Nvidia's upcoming results for further signals on AI demand.
Tesla Cybertruck Price Cuts Meet Legal Headwinds, Shares Stagnant
Tesla stock showed minimal movement following the announcement of a limited-time Cybertruck price reduction and a federal judge upholding a major Autopilot-related verdict. Investors are weighing demand stimulus against margin and legal risks.
Coinbase Gains on Bitcoin Rally Amid Operational Scrutiny
Coinbase shares advanced Friday alongside Bitcoin, though a display issue affecting decentralized exchange token balances and a broker's price target cut tempered sentiment. The exchange continues navigating weak trading volumes and a push toward diversification.
Figma Shares Gain on Raised Revenue Outlook, AI Pricing Shift Looms
Figma shares advanced after the company raised its 2026 revenue target and outlined a March implementation of AI usage caps, prompting some Wall Street firms to lower price targets.
Grail Shares Halve as UK Trial Misses Primary Endpoint, Clouding FDA Path
GRAIL Inc. shares plummeted almost 50% in Friday trading following disappointing results from a major UK study of its multi-cancer early detection test. The trial's failure to hit its primary endpoint complicates the company's regulatory and reimbursement strategy.
Bitcoin Recovers to $67,590 Amid ETF Outflows and Fed Uncertainty
Bitcoin climbed 1.9% to $67,590 on Friday, recovering from a daily low of $66,255. Spot Bitcoin ETFs recorded $165.76 million in net outflows on February 19, extending the withdrawal streak to five consecutive weeks.
Palo Alto Networks Stock Rebounds on CyberArk Note Repurchase Deadline
Palo Alto Networks stock gained 4.6% to $158.01 Friday, recovering from post-earnings declines. The cybersecurity firm set a March 20 deadline for CyberArk noteholders to exercise cash repurchase rights following its recent acquisition.
Applied Materials Posts Modest Gain Despite Legal Charge; Nvidia Results Loom
Applied Materials shares advanced about 1% Friday, closing near $373, after disclosing a $253 million legal settlement charge in its quarterly filing. Revenue for the period declined 2% to $7.012 billion, with China representing 30% of sales.
MicroStrategy Rises with Bitcoin Rebound as Annual Report Details Debt Strategy
MicroStrategy shares advanced alongside bitcoin's recovery, with the company's annual report revealing contingency plans involving share issuance or bitcoin sales to address its substantial long-term debt.