Articles by Sarah Chen
Meta Trims 8,000 Jobs in AI-Focused Restructuring
Meta Platforms begins laying off 8,000 employees, reassigning 7,000 to AI projects, as it shifts focus to artificial intelligence and raises 2026 capex to $145 billion.
Bolt CEO Defends HR Shutdown, Says Smaller Team Boosts Agility
Bolt CEO Ryan Breslow defended cutting the HR department at Fortune's summit, stating it created problems. The move follows layoffs and a shift to AI and a finance app.
Micron Gains Amid Tech Selloff; Samsung Strike May Tighten Memory Supply
Micron shares gained 2.5% on Tuesday, reaching $698.74, as the Nasdaq fell. A planned Samsung strike could tighten memory supply and drive prices higher.
Intel Surges on Analyst Optimism Over AI Server CPU Demand
Intel shares rebounded 2.43% to $110.80 on Tuesday, snapping a five-day decline, as analysts boosted price targets on AI server CPU demand. The stock faces key tests from Nvidia earnings and foundry challenges.
Klaviyo Stock Stays Near Low Amid Slowing Growth and Insider Sale Filing
Klaviyo shares closed Tuesday near their 52-week low after a sharp post-earnings decline. A Form 144 insider sale filing and CFO departure add to investor caution as growth slows.
Astera Labs Surges on AI Networking Optimism Ahead of Nvidia Earnings
Astera Labs shares surged 13.3% on Tuesday as investors cheered management's comments on faster Scorpio X switch ramps and optical networking tied to Nvidia's NVLink Fusion.
ADI Stock Jumps on $1.5B AI Power Deal as Earnings Approach
Analog Devices shares gained 1.36% after-hours after announcing a $1.5 billion cash deal for Empower Semiconductor, aiming to bolster AI infrastructure power solutions.
POET Technologies Stock Slides Despite $400M Capital Raise
POET Technologies shares dropped 8.02% to $13.07 despite securing $400M in funding. The photonics firm aims to scale AI data-center chip production and eyes a $500M deal with Lumilens.
Microsoft Stock Dips on Rate Fears Despite Strong Cloud Demand
Microsoft shares slipped 1.4% to $417.42 on Tuesday as higher Treasury yields weighed on big tech, even as the company announced its largest India data center will open by mid-2026.
CleanSpark Surges 9% as Bernstein Highlights Bitcoin Miners' AI Data Center Potential
CleanSpark shares rose 9.3% after Bernstein noted bitcoin miners' potential as AI data-center power providers, setting a $24 target and citing $90B in sector AI deals.
Google's $5B AI Cloud Deal with Blackstone Fails to Impress Wall Street
Alphabet shares dropped 2.3% as Google's $5B AI cloud venture with Blackstone and new Gemini models failed to meet Wall Street's high expectations.