Articles by Sarah Chen
Salesforce Gains 2% as JPMorgan Sets $250 Target, Citing AI Growth
Salesforce (CRM) climbed almost 2% after JPMorgan initiated coverage with Overweight and a $250 target, suggesting a 29% gain and a potential $46 billion valuation increase.
Dell Shares Surge as Lenovo's AI Results Signal Robust Server Demand
Dell (DELL) gains 4% premarket as Lenovo's AI revenue surge confirms strong server demand, with shares trading above the average analyst target.
Dell Stock Rises 5% on AI Server Demand, But Margin Squeeze Lingers
Dell shares rallied 5% on strong AI server demand signals from peers, yet a 3.5-point gross margin drop raises profitability concerns as AI revenue reaches 37% of total.
Coinbase Steady as XRP Revenue Share Sparks Questions
Coinbase shares were flat as XRP declined 1.2%. XRP's 11% Q1 spot revenue share and a 21% transaction revenue drop highlight challenges.
Sandisk Soars 8% on AI Flash Breakthrough Ahead of Investor Day
Sandisk (SNDK) surged 8.3% to $1,376.63 after launching a faster 2Tb QLC flash for AI. Investor Day on Thursday will scrutinize earnings durability.
Alphabet Drops 3.6% as Pixel Event Looms; AI Capex Concerns Persist
Alphabet shares slid 3.6% on Tuesday as tech stocks retreated ahead of the Pixel 11 launch. Investors focus on AI capital spending and Cloud growth sustainability.
Intel's $20B AI Expansion: Stock Holds Above $95 Offering Price
Intel priced a $20 billion share offering at $95 per share, with shares trading above that level. The funds will support AI manufacturing expansion, despite dilution concerns.
