Articles by Sarah Chen
Marvell Surges $12B on Google AI Chip Deal, But $120B Hurdle Looms
Marvell shares climbed 5.8% on a Google warrant agreement, adding $12B in market value. However, most shares vest only if Google purchases up to $120B in custom chips.
Strategy Shares Jump 8% as Bitcoin Rally Narrows Treasury Loss Gap
Strategy (MSTR) gained 7.81% as Bitcoin rebounded, narrowing the paper loss on its treasury by $7.7 billion and strengthening the case for further Bitcoin purchases.
CleanSpark Soars 8% as Traders Price in AI Data Center Optionality
CleanSpark shares climbed 7.97% to $12.60, adding $238M in market cap—six times the gain in its Bitcoin holdings. The rally reflects AI data center optionality.
Canaan Soars 13% as Trump Backs Crypto Bill, Treasury Now 72% of Value
Canaan shares surged 13% after President Trump pushed for crypto legislation. The company's digital asset holdings now represent 72% of its market value.
Micron Unveils $10B Boise R&D Hub, Stock Rises 2.1%
Micron (NASDAQ:MU) announces a $10 billion Boise research lab over ten years, funded by robust cash flow. Shares rose 2.1% to $956.74.
Intel Shares Slide Below $95 Offering as $20B Capex Plan Draws Scrutiny
Intel shares fell 3.8% below their $95 offering price as the chipmaker's $20 billion capital plan raises questions about returns and dilution.
Bitcoin Breaks Above $71K as ETF Inflows Reverse, Fueling Rally
Bitcoin surged past $71,000 after U.S. spot ETF inflows reversed by $1.25 billion, signaling renewed institutional demand. BlackRock's IBIT led the charge.
XRP Breaks Out of Four-Year Lull as Crypto Policy Optimism Surges
XRP surged past $1.06, breaking a four-year volatility squeeze, as U.S. policy optimism boosted crypto markets. Coinbase (COIN) rallied in premarket, with the CLARITY Act and CFTC meeting in focus.
Robinhood Stock Climbs 5% as Crypto Bill Support Grows
Robinhood (HOOD) gained 5% in premarket trading after President Trump pushed for the Clarity Act. July crypto volume fell 62% YoY, while equities rose 59%.
Strategy Stock Leaps 10% Premarket as Bitcoin Beta Hits 2.6x
Strategy (MSTR) jumped 9.92% premarket, riding Bitcoin's 3.87% rise. Beta at 2.6x amplifies gains but also risks. Market cap up $4.1B.