Articles by Sarah Chen
Circle Shares Surge 14% on Polymarket's Switch to Native USDC on Polygon
Circle Internet Group's stock jumped nearly 14% after Polymarket announced plans to transition from bridged USDC.e to Circle-issued native USDC on Polygon. The move comes amid heightened U.S. regulatory scrutiny of prediction markets.
SAP Share Buyback Commences as Company's Self-Holding Surpasses 5% Threshold
SAP has initiated its €10 billion share repurchase program after its ownership of its own stock exceeded 5%. The company's U.S. ADRs gained 3% in after-hours trading.
Intel Shares Surge on China Server CPU Supply Crunch
Intel stock climbed nearly 5% Friday amid reports of server processor shortages and price increases in China, with delivery delays extending up to six months.
IBM Holds Near $300 as Key Events Loom: Confluent Vote, CPI Data Ahead
IBM shares gained 3.1% to $298.93 on Friday, outpacing major tech peers. Investors are focused on the upcoming shareholder vote for its $11 billion Confluent acquisition and the January CPI report.
Lam Research Surges 8% Amid Semiconductor Rally, Eyes on Macro Data and Nvidia
Lam Research shares climbed 8.2% to $231.01 Friday, riding a semiconductor sector rally fueled by AI data-center spending optimism. Investors now await key U.S. economic reports and Nvidia's upcoming earnings.
Amazon's Massive AI Capex Plan Sends Shockwaves Through Tech Sector
Amazon's projected $200 billion capital expenditure for 2026, significantly above expectations, triggered a 5.6% stock drop while fueling a chip rally. The tech sector faces rotation pressures with software stocks losing $1 trillion in value since late January.
Quantum Computing Stocks Surge as Tech Sector Rebounds
Shares of quantum computing companies soared Friday, with IonQ, Rigetti, D-Wave, and Quantum Computing Inc gaining 15-21% amid a broad tech rally. Heavy trading volume accompanied the moves.
XRP Holds $1.42 Amid Whale Activity, Traders Eye U.S. Economic Data
XRP stabilized near $1.42 with significant whale transactions and new address growth reported. Market participants await key U.S. economic indicators this week amid thin liquidity conditions.
Alibaba Shares Rebound as AI App Frenzy Meets Technical Hiccups Ahead of Earnings
Alibaba's U.S.-listed stock rose 3% Friday, halting a six-session decline amid a broader tech rally. Its Qwen AI app surged to the top of China's App Store following a massive giveaway, but outages and platform restrictions marred the launch.
Oracle Shares Rebound on $50 Billion Cloud Funding Plan
Oracle stock surged 4.6% to $142.82, ending an eight-day losing streak after announcing plans to raise up to $50 billion for cloud expansion in 2026.