Articles by Sarah Chen
Snowflake Shares Rally 5% Ahead of Earnings Amid AI Focus
Snowflake shares advanced 5.4% to $182.29 Friday, recovering from prior losses. The move comes amid shifting rate expectations and ahead of the company's quarterly earnings report.
CrowdStrike Gains on HSBC Upgrade Ahead of Earnings
CrowdStrike shares climbed 4.4% Friday following an upgrade to buy by HSBC, which set a $446 price target. Trading volume exceeded the 50-day average.
IBM Shares Rebound on Hiring Expansion and Inflation Data
IBM shares gained 1.1% to $262.38, halting a four-session slide. The company announced plans to significantly increase entry-level hiring next year while reshaping roles around artificial intelligence.
Nebius Soars 9% on Ambitious $9B Revenue Goal and French Data Center
Nebius shares jumped 9.2% following a new data center plan in France and a significantly higher long-term revenue target, despite a quarterly revenue miss and heavy capital spending.
CoreWeave CEO Sells $7.7M in Shares Ahead of Key AI Earnings
CoreWeave's CEO sold $7.7 million in shares under a prearranged trading plan. The company's stock edged higher as markets prepare for a holiday closure and upcoming earnings from AI leaders.
Shopify Launches $2 Billion Buyback After Post-Earnings Rebound
Shopify shares gained 2% Friday, recovering from post-earnings declines, as TD Cowen and Mizuho upgraded the stock citing AI potential and valuation. The company's $2 billion buyback program starts Tuesday.
IonQ, Rigetti Face Investor Scrutiny Ahead of Quantum Earnings
Morgan Stanley disclosed a reduced stake in IonQ, while TD Cowen downgraded Rigetti to hold, citing valuation and funding concerns. Both quantum computing firms report earnings next week.
Applied Materials Forecast Lifts Chip Sector; Nvidia Retreats Amid AI Volatility
Applied Materials' bullish revenue forecast propelled its shares and lifted peers, though Nvidia and Broadcom fell. The chip sector sees volatility as AI investment optimism meets scrutiny.
XRP Climbs 4.6% Amid Inflation Data, ETF Speculation
XRP gained 4.6% to approximately $1.47, with trading volume hitting $2.47 billion. The move comes as markets digest recent inflation data and await further signals on monetary policy.
Bitcoin Holds Near $70K as Inflation Data Fuels Rate Cut Bets
Bitcoin edged higher to $69,661, maintaining proximity to the $70,000 level following encouraging inflation figures. Market focus shifts to upcoming Fed minutes and economic data.
Lumentum Shares Slide on Insider Transactions Ahead of Market Reopening
Lumentum Holdings declined 3.6% on Friday following regulatory disclosures of stock sales by senior leadership. U.S. markets reopen Tuesday after the Presidents Day holiday.