Articles by Sarah Chen
BAE Systems Secures Major Danish Army Training Contract Amid European Defense Surge
BAE Systems has secured a seven-year contract to provide advanced training software to the Danish Army, reflecting heightened defense spending across Europe. The deal coincides with NATO Arctic exercises and Denmark's plan to increase military expenditure to 3.2% of GDP by 2025.
Micron Stock Gains on Analyst Upgrades Despite Nvidia HBM4 Setback
Micron Technology shares advanced Monday after analysts lifted price targets, even as reports indicated Nvidia's upcoming Vera Rubin AI platform will source HBM4 memory from rivals Samsung and SK Hynix.
Nokia Shares Dip Amid AI Network Push and Divergent Analyst Views
Nokia's stock edged lower in Helsinki trading as the telecom equipment maker pushes forward with AI-integrated network technology. Brokerage firms are divided on the stock's outlook, with mixed price targets ahead of its upcoming earnings report.
Zoox Expands Robotaxi Testing to Dallas and Phoenix Amid Intensifying U.S. Autonomous Race
Zoox, Amazon's autonomous vehicle unit, is launching test operations in Dallas and Phoenix, bringing its U.S. test markets to 10. The expansion includes a new operations center and hundreds of jobs.
Bitcoin Gains Amid Oil Price Surge as Institutional Demand Persists
Bitcoin advanced 2.9% to approach $69,000 Monday, defying broader market pressure as institutional inflows continued. Strategy purchased nearly 18,000 BTC while oil prices surged on Middle East tensions.
Tesla Activates First Semi Megacharger, 2026 Fleet Launch Looms
Tesla has launched its first high-power Megacharger for Semi trucks in Ontario, California, though the station's current 750 kW output falls short of the vehicle's 1.2 MW capability. The company has not revealed how many customer Semis are operational, with a wider delivery push now scheduled for 2026.
Plug Power Targets AI Data Center Demand with Major Hydrogen Power Bid
Plug Power is bidding 250 megawatts of hydrogen-generated electricity into a potential PJM Interconnection auction to supply growing AI data center demand, as the company works to address a $1.7 billion annual loss through asset sales and financing.
Intel Invests $1.4B in Ohio Chip Plant, Maintains 2030-2031 Timeline
Intel has disclosed a $1.4 billion investment in its Ohio chip manufacturing site for 2025 and states it does not anticipate additional project delays. The company maintains its target to begin operations between 2030 and 2031.
NVIDIA, ABB Forge Factory AI Alliance to Bridge Simulation-Reality Gap
NVIDIA and ABB have announced a strategic partnership to embed NVIDIA's Omniverse platform into ABB's RobotStudio software, aiming to achieve near-perfect accuracy when transferring robot training from simulation to physical factories. The collaboration is a key move for NVIDIA to expand its industrial AI footprint beyond data centers.
Nasdaq, Kraken Forge Tokenized Stock Platform for 2027 Rollout
Nasdaq is developing a tokenized shares framework with crypto exchange Kraken, aiming to link traditional markets with blockchain networks by the first half of 2027.
Aureus Greenway to Acquire Powerus in Strategic Drone Shift, Secures $9M Funding
Aureus Greenway Holdings has entered into an agreement to purchase autonomous systems manufacturer Powerus via an all-stock transaction, aiming to take the combined entity public on the Nasdaq. The deal includes a $9 million private placement and a $50 million investment commitment from South Korea's KCGI.
Bitcoin Stabilizes Near $68K Amid Oil Price Surge and ETF Outflows
Bitcoin steadied around $67,954, recovering from a dip to $65,688, while U.S. spot Bitcoin ETFs saw significant net outflows. The rally in oil prices above $119 a barrel has heightened inflation concerns, dampening expectations for near-term Federal Reserve rate cuts.