Articles by Sarah Chen
Arm Holdings Soars as AI Chip Shipments Quadruple
Arm Holdings shares surged 7.1% as AI core shipments quadrupled, with revenue hitting $1.289 billion and adjusted EPS of $0.45.
AMD's Path to Doubling by 2028 Requires a 43x P/E Multiple
AMD shares must trade at 43 times projected 2028 earnings to double from current levels, analysts say. The chipmaker reports Q2 results on August 4.
Qualcomm Shares Slide 4.4% as Handset Weakness Offsets Automotive, IoT Gains
Qualcomm shares fell 4.4% as a 20% drop in handset revenue overshadowed growth in automotive and IoT segments. The company also announced a BMW partnership and the acquisition of AI firm Modular.
Snowflake Stock Soars on Upgraded Price Target from Wells Fargo
Snowflake shares jumped 4.9% to $283.73 after Wells Fargo boosted its price target to $500 from $320, citing AI-driven platform spending.
Bloomberg Acquires Canoe Intelligence to Boost Private Markets Data
Bloomberg has agreed to acquire Canoe Intelligence, an AI data processing firm, to enhance its private markets workflow and data capabilities.
SoundHound AI Hits 52-Week Low Despite Healthcare AI Expansion
SoundHound AI dropped 6.4% to $5.84, reaching a new 52-week low, despite MUSC Health expanding its AI agent deployment. The market remains focused on revenue quality and the pending LivePerson merger.
MARA Holdings Rises on Bitcoin Bounce, Energy Pivot in Focus
MARA Holdings (NASDAQ:MARA) edged toward $11 in premarket trading, tracking Bitcoin's rebound, as investors eye the company's energy pivot ahead of Q2 earnings on August 6.
UiPath Rebound Wipes Out OpenAI Selloff; ARR Guidance Looms
UiPath (PATH) shares surged 12.5% over two sessions, erasing losses from OpenAI's launch of Presence. Q2 guidance points to a sequential drop in net-new ARR.
QuantumScape Hits New Low as PowerCo Deal Shifts to Milestone-Based Payments
QuantumScape shares hit a 52-week low of $4.77 as investors reacted to a revised PowerCo deal that shifts to milestone-based payments, raising execution risk.
Teradyne Stock Jumps 14% on AI Testing Demand That Top Estimates
Teradyne shares rose 13.6% in after-hours trading after reporting record revenue and issuing Q3 guidance that beat expectations by 20%.