Articles by Sarah Chen
Rackspace Stock Surges on AMD AI Deal, Despite Layoffs and Funding Hurdles
Rackspace Technology shares surged 12.6% to $6.66 after securing a definitive AMD AI compute deal for 30 MW capacity, but a 15% workforce cut and need for additional financing highlight ongoing risks.
Intel Shares Steady Near Highs as Foundry Deals and AI Demand Awaited
Intel shares hover near $128, little changed after a chip rally, as investors focus on Q2 earnings for foundry deal updates and AI-driven demand.
Qualcomm Gains on Potential $10B Tenstorrent Acquisition
Qualcomm shares jumped 4.3% to $220.81 after reports of potential $8-10 billion acquisition of AI chip startup Tenstorrent, signaling push into AI infrastructure.
Snap Rallies 8.6% on Tech Bounce, but AR Glasses and Ad Weakness Loom
Snap surged 8.56% to $5.71 as tech stocks rallied, ending a six-day slide. Shares remain 45% below their 52-week high, with investors eyeing the Specs AR glasses debut and upcoming quarterly results.
D-Wave Quantum Stock Surges on Mizuho Price Target Boost
D-Wave Quantum shares rose 12.6% to $26.26 after Mizuho raised its price target to $35, citing quantum roadmap progress and surging bookings, despite weak revenue and widening losses.
Beam Global Surges on European Patent, but Q1 Woes Linger
BEEM surged 28% premarket on a new European patent for battery thermal management, but the company must convert its $9M backlog into Q2 revenue to offset a 51% Q1 revenue drop.
QTREX Quantum Stock Soars on 97% AME Yield Milestone, Eyes Commercial Production
QTREX Quantum shares surged 70.54% after AME system achieved 97% yield validation at a major U.S. interconnect manufacturer, signaling commercial readiness.
Marvell Surges on AI Demand, Analyst Upgrade, and S&P 500 Inclusion
Marvell Technology shares surged 10.43% to $308.88, driven by AI demand, a price target hike to $350 from GF Securities, and its upcoming addition to the S&P 500.
Bitmine Stock Rises as Ethereum Holdings Hit 5.62 Million ETH
Bitmine Immersion Technologies (BMNR) jumped 6.21% to $17.11 after revealing its Ethereum treasury reached 5,620,754 ETH, representing 4.66% of total supply.
Iveda Solutions Surges on RTLS Upgrade; Nasdaq Compliance Looms
Iveda Solutions shares jumped 12.57% to $0.3162 on Monday after unveiling a higher-precision RTLS upgrade. The stock remains speculative, with losses and a Nasdaq compliance deadline ahead.
Joby Aviation Shares Surge on Strong Air Taxi Demand Data
Joby Aviation shares climbed 7% to $9.67 following a survey showing 79% consumer interest in air taxis, with FAA certification and Dubai service as key catalysts.
Substack Expands into Brand Sponsorships, Hires Ex-Roku Executive
Substack hires Dan Robbins as first head of brand sponsorships, with Uber, T-Mobile, Balenciaga, and Yahoo Scout investing millions in creator deals, marking a shift from subscription-only revenue.