Articles by Sarah Chen
Nebius Secures $4B in Convertible Notes to Fund AI Expansion
Nebius shares gained 4.4% to $121.42 after the AI cloud company priced an upsized $4 billion convertible note sale. Proceeds will fund data center expansion and GPU purchases to support its growing AI infrastructure business.
IBM Completes $11 Billion Confluent Acquisition, Stock Trading Halted
IBM has finalized its $11 billion acquisition of Confluent Inc., with the data-streaming company's shares ceasing public trading at the agreed $31 per share cash price.
Tesla Shares Steady Near $400 on Samsung Chip, Battery Plant Developments
Tesla shares traded around $398 amid news of Samsung's planned chip production for Tesla starting in late 2027 and a confirmed $4.3 billion battery plant with LG Energy Solution. However, analysts have significantly reduced 2026 delivery growth projections.
Lumentum Surges on $1.25B AI Revenue Target, Backed by Nvidia
Lumentum shares soared after projecting a path to $1.25 billion in quarterly revenue from AI data-center demand, buoyed by a $2 billion investment from Nvidia. Rival Coherent also gained, forecasting a $70 billion datacenter market by 2030.
Mastercard's $1.8B BVNK Acquisition Accelerates Corporate Blockchain Adoption
Mastercard has agreed to purchase BVNK for as much as $1.8 billion, marking a major push into stablecoin and blockchain payment infrastructure. The deal coincides with corporate pilots by Citi and Aon using tokenization for trade finance and insurance payments.
IREN's $6B Equity Plan Sparks Dilution Fears, Stock Drops 4.4%
IREN Ltd shares declined 4.4% Tuesday as the market reacted to the company's ambitious $6 billion equity offering plan to finance its transition from bitcoin mining to AI cloud infrastructure, sparking dilution worries.
Rocket Lab Files for $1B Stock Sale, Shares Retreat After Hours
Rocket Lab shares dropped over 5% in extended trading after the company filed to sell up to $1 billion in stock. The space firm reported record 2025 revenue but delayed its Neutron rocket launch to late 2026.
Archer Aviation Gains Amid Regulatory Progress and Insider Sales
Archer Aviation shares climbed 2.8% to $6.29 Tuesday, overcoming minor insider sales tied to tax obligations. The electric aircraft developer maintains a 2026 target for initial passenger operations following key FAA regulatory milestones.
TeraWulf Stock Pulls Back After Kentucky Data Center Loan, Construction Start
TeraWulf Inc. shares retreated Tuesday, giving back a portion of Monday's sharp gains after announcing financing and construction approval for a major Kentucky data center project, underscoring its strategic pivot toward AI and high-performance computing.
XRP Surpasses BNB in Market Cap as Ripple Expands Brazilian Operations
XRP has reclaimed the fourth position among cryptocurrencies by market value, trading around $1.54 after reaching a one-month high. Ripple revealed plans to expand its services in Brazil and secure a local license.