Articles by Sarah Chen
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.
Intel Gains on New Desktop Chip Launch, AI and Foundry Challenges Loom
Intel shares advanced 2.5% in early trading following the launch of its new Core Ultra desktop processors, though the company continues to face scrutiny over AI-server chip supply and its contract manufacturing ambitions.
Nvidia's $2B Nebius Stake Tests Stock as Meta Chip Ambitions Loom
Nvidia disclosed a $2 billion investment for an 8.3% stake in AI cloud provider Nebius, with shares hovering near $186. The move follows similar investments and comes as Meta announces plans to develop its own AI inference chips.
Ripple's Australian License Bid Supports XRP Near $1.40 Amid Market Caution
XRP held near $1.40, down 1.4%, as Ripple announced a deal to secure an Australian Financial Services Licence. Broader cryptocurrency markets remained subdued amid macroeconomic concerns.
Bitcoin Stabilizes Above $71K Amid ETF Resurgence, Macro Crosscurrents
Bitcoin maintained support above $71,000 as institutional ETF inflows returned, though trading remained influenced by inflation data and oil price swings. Crypto-related equities showed a mixed performance.
Alphabet Seals Record $32B Wiz Acquisition to Boost Cloud Security
Google has finalized its $32 billion acquisition of cloud security company Wiz, marking Alphabet's biggest-ever deal. The move aims to strengthen Google Cloud's security offerings as it competes with AWS and Azure.
Palantir's Defense AI Contracts Face Risk from Anthropic Legal Challenge
Palantir Technologies shares showed minimal movement as legal experts suggest Anthropic has a strong case against its Pentagon blacklisting. The outcome could force Palantir to replace AI models in critical defense software.
Wipro Secures TruStage Contract Amid Growth Concerns
Wipro has landed a significant multi-year agreement with U.S.-based insurer TruStage to overhaul its retirement-services technology. The deal arrives as the IT services firm contends with a steep stock decline and contracting bookings.
Snap Shares Test 52-Week Low Amid India Ad Push, Regulatory Headwinds
Snap shares extended their slide, closing at $4.89 after a 4.3% drop, hovering near a 52-week low. The decline comes despite a new advertising initiative in India and follows a net loss of $460 million on $5.93 billion in revenue for 2025.
SoFi Stock Gains on Mastercard Stablecoin Partnership, CEO Purchase
SoFi Technologies advanced Wednesday, recovering from a prior session decline. The fintech's new stablecoin settlement partnership with Mastercard and a significant share purchase by CEO Anthony Noto were in focus.
Plug Power Gains on Data Center Power Supply Ambitions
Shares of Plug Power advanced as the company pursues contracts to supply up to 250 megawatts of power to data centers and utilities, part of a broader strategy to unlock capital and improve its financial position.
Nokia Shares Retreat on Insider Sale and Broker Downgrade
Nokia shares fell in Helsinki trading following an insider sale by senior manager Raghav Sahgal and a rating downgrade from DNB Carnegie. The dip interrupts a 20% year-to-date surge fueled by AI and data-center contracts.