Articles by Sarah Chen
IREN's $6B Equity Plan Fuels AI Ambitions Amid Market Skepticism
IREN's stock fell 1.3% amid a broader tech selloff, as the company seeks to raise up to $6 billion through share sales to finance its pivot to AI cloud services, despite reporting a $155.4 million quarterly loss.
Apple Shares Slide Amid Tech Rout, India Production Hopes Provide Cushion
Apple shares declined nearly 2% to $255.76, trimming its market cap to approximately $4.05 trillion. The drop coincided with a broader tech sell-off driven by oil price spikes and the launch of new, more affordable Apple devices.
IREN's AI Ambitions Face Investor Skepticism Amid Funding Concerns
IREN shares are experiencing significant price swings as the company's aggressive AI infrastructure expansion, including a major Microsoft deal and plans for 50,000 Nvidia GPUs, clashes with concerns over substantial share dilution and unsecured revenue projections.
Marathon Digital Outperforms Mining Peers Amid Bitcoin Volatility, Posts Heavy Loss
Marathon Digital Holdings shares advanced 1.1% on Thursday, outperforming rival bitcoin miners as the cryptocurrency traded near $70,331. The company disclosed a substantial net loss for 2025 despite a 38% revenue increase.
Ripple's $50B Valuation Fails to Boost XRP as Macro Forces Dominate
XRP declined 1.4% to $1.38 on Thursday, unmoved by Ripple's $50 billion valuation and expansion plans. Broader cryptocurrency markets remained subdued as attention shifted to macroeconomic factors.
Navitas Semiconductor Shares Retreat After AI Chip Launch, CFO Appointment
Navitas Semiconductor shares declined 6.5% on Thursday, partially reversing a prior surge, following the launch of new AI power chips and the appointment of a new CFO. The company reported a significant revenue drop for 2025.
Bitmine Shares Dip on $75M Eightco Investment as Ether Strategy Expands
Bitmine Immersion Technologies shares declined 3% Thursday after the company committed $75 million to lead a $125 million funding round for Eightco Holdings. The move comes as Bitmine continues to emphasize its ether treasury strategy while expanding into AI and blockchain infrastructure.
Micron Shares Retreat Amid AI Memory Sector Volatility Ahead of Earnings
Micron Technology shares declined over $11 in Thursday trading, testing the AI-driven memory rally ahead of its March 18 earnings report. The pullback comes despite a sharply upgraded DRAM price forecast and a new high-bandwidth memory development partnership.
Bitcoin Defies Oil Spike, Holds $70K Amid ETF Demand
Bitcoin stabilized near $70,300 despite surging oil prices and equity declines. Spot bitcoin ETFs attracted $115.2 million, led by BlackRock's IBIT, providing crucial support.
Navitas Semiconductor Retreats Following AI Chip Announcement and CFO Appointment
Navitas Semiconductor shares gave back recent gains, falling 7% to $10.06 after a 24.9% surge. The volatility followed announcements of a new AI data-center chip package and the appointment of Tonya Stevens as CFO.
Ondas, Palantir, World View Forge AI Surveillance Network, Stock Gains
Ondas Holdings shares advanced following a joint announcement with Palantir and World View to develop an AI-powered intelligence, surveillance, and reconnaissance network. The system will integrate stratospheric balloons, drones, and ground systems.
Plug Power Retreats as Data Center Strategy Faces Investor Scrutiny
Plug Power shares declined slightly Thursday, giving back some of the prior session's gains, as the market assesses the company's new strategy to supply electricity to data centers and utilities.