Articles by Sarah Chen
Lumentum Shares Surge on AI Infrastructure Rotation, Executive Sale
Lumentum shares climbed over 4% Friday, reaching a new intraday peak amid heavy trading volume. The move comes as capital rotates into AI infrastructure stocks, with optics and networking names benefiting.
AppLovin Shares Climb on Social Platform Development Signals
AppLovin shares gained 3.3% to $425.74 after indications emerged that the mobile advertising firm is developing a social platform. The company is hiring a founding backend engineer in Singapore for the project.
Broadcom Gains on 6G Chip Launch as VMware Concerns Loom
Broadcom shares advanced following the introduction of its new 5G Advanced/6G radio chip, BroadPeak. Investor attention remains divided between this hardware innovation and ongoing challenges in its VMware software segment.
Palantir Stock Dips Despite $1B DHS Deal, Rackspace Partnership
Palantir Technologies stock declined 1.5% to $132.89 on Friday, underperforming the broader software sector. The move came amid conflicting catalysts including a reported $1 billion U.S. Department of Homeland Security contract, a new strategic partnership with Rackspace Technology, and an analyst upgrade from Mizuho Securities.
Nokia's AWS-Powered 5G Core SaaS Debuts with First Commercial Customer
Nokia's stock remained steady around $7.60 in premarket trading following the launch of the first commercial 5G Core software-as-a-service deployment on Amazon Web Services by Belgian operator Citymesh.
XRP Steady Near $1.42 as Crypto Bill Progress and SEC Deadline Loom
XRP held near $1.42 with minimal movement as markets focused on U.S. inflation data and Washington crypto policy talks. Ripple's CEO increased odds for the CLARITY Act's passage to 90% by late April.
Bitcoin Recovers to $68K Ahead of Key Inflation Data, ETF Outflows Persist
Bitcoin rebounded near $68,000 Friday as markets braced for the Fed's preferred PCE inflation gauge. U.S. spot Bitcoin ETFs recorded significant net outflows for the session.
Xero Shares Drop Amid Tech Sell-Off, AI Rollout Fails to Lift Sentiment
Xero shares declined 3.7% on Friday, underperforming a weak ASX technology sector. The sell-off occurred even as the company announced AI-powered automation tools for UK customers ahead of tax digitization deadlines.
Ether Holds Near $1,950 Amid NFT Utility Shift and Prediction Market Scrutiny
Ether traded around $1,955 on Friday, down 0.73%, with $18 billion in volume. The focus shifts to utility NFTs as prediction markets face criticism from Ethereum co-founder Vitalik Buterin.
AMD's $75M CEO Award and Insider Sales Draw Investor Scrutiny
AMD shares gained as filings showed CFO Jean Hu sold shares under a preset plan and the board approved a $75M performance award for CEO Lisa Su, vesting only if the stock hits $600 by 2031.
Oracle Gains Amid AI Infrastructure Funding Plan and Market Caution
Oracle stock advanced slightly on Thursday as the company outlined a massive capital raise for cloud expansion, even as broader markets dipped and bondholders pursued legal action over AI-related losses.
Meta Expands AI Infrastructure with Massive Nvidia Chip Order
Meta Platforms is significantly expanding its AI infrastructure through a broadened partnership with Nvidia, ordering millions of next-generation GPUs and marking Nvidia's entry into the CPU market. Both companies' stocks gained following the announcement.