Articles by Sarah Chen
Western Digital's 2026 Hard Drive Capacity Fully Booked, CEO Says
Western Digital's CEO revealed that 2026 hard drive manufacturing capacity is nearly entirely committed, backed by purchase orders from its seven largest customers and long-term contracts running through 2028.
Bitcoin Retreats Below $68K Amid Thin Holiday Trading, Fed Minutes Loom
Bitcoin declined to approximately $67,900 during a holiday-thinned trading session, with market participants focusing on upcoming Federal Reserve minutes and institutional ETF flows for near-term direction.
Salesforce Gains Ahead of Holiday, AI Acquisition and Earnings in Focus
Salesforce shares closed at $189.72, up 2.3%, with heavy trading volume ahead of the market holiday. The company's recent AI acquisition and cost discipline are under scrutiny as investors await quarterly results.
Robinhood's February Metrics in Focus Amid Bitcoin Volatility
Robinhood Markets will report its January monthly metrics on February 19, following a holiday-shortened week. The update comes as Bitcoin pulls back from recent peaks, potentially impacting the platform's crypto-related revenue.
Arista CEO Warns of Severe Memory Cost Pressures Amid AI Boom
Arista Networks CEO Jayshree Ullal highlighted worsening memory shortages and 'horrendous' component costs, citing intense AI data center demand. The company reported strong Q4 results and provided an upbeat Q1 revenue outlook.
Oracle's $50B Cloud Funding Plan in Focus as Shares Rise Ahead of Holiday
Oracle shares gained 2.34% to close at $160.14 on Friday before U.S. markets closed for Presidents Day. Investors are assessing the company's plan to raise up to $50 billion next year to expand cloud infrastructure capacity.
Cisco's AI Chip Push Confronts Profit Margin Pressure
Cisco shares will resume trading Tuesday after a volatile week, with its new AI networking chip announcement overshadowed by a gross margin miss and rising component costs.
Intel's Turnaround Faces Scrutiny as Analyst Calls It a 'Show Me' Story
Intel shares edged higher ahead of the holiday, but a new Neutral rating highlights concerns over its ambitious turnaround plan. The company is expanding into AI chips and foundry services to regain momentum.
MicroStrategy Unveils $6B Debt Conversion Plan, Assures Bitcoin Downturn Resilience
MicroStrategy announced a multi-year plan to convert approximately $6 billion in convertible debt into equity, while assuring investors it can cover obligations even if Bitcoin drops to $8,000. The stock closed Friday up 8.9% at $133.88.
AppLovin Shares Rally Ahead of Market Reopening
AppLovin shares closed up 6.4% at $390.55 ahead of the Presidents Day market closure, buoyed by upbeat quarterly results and shifting analyst sentiment.