Articles by Sarah Chen
Figma Surges 11.8% on Russell Index Inclusion and Heavy Options Activity
Figma shares surged 11.8% after being added to the Russell 3000, with heavy call buying and short covering driving the rally. The company's AI adoption and strong Q1 revenue growth support investor optimism.
Super Micro Computer Loses $1.6B Intraday as Taiwan Probe Relief Rally Reverses
Super Micro Computer (SMCI) shares slipped 2.8% to $26.87, wiping out $1.61 billion in intraday value after a relief rally over the Taiwan investigation reversed. The AI server stock remains under pressure.
Oracle's AI Backlog Surpasses $638B, But Spending Outpaces Revenue
Oracle's AI backlog reaches $638 billion, exceeding Microsoft's, but its market cap is just one-seventh. Heavy capex plans raise questions about funding and revenue conversion.
Strategy's Bitcoin Pile Outshines Stock Gains as Buyback Plan Shifts
Strategy (MSTR) shares rose 6.2% in premarket trading, yet its $19.3 billion bitcoin hoard still dwarfs its equity value. The firm approved $1.25 billion in BTC sales and up to $1 billion in stock buybacks.
Palantir Soars $23 Billion on Nvidia Deal and Analyst Upgrade
Palantir's stock jumped 7.77%, boosting market cap by $23.3 billion, after an analyst upgrade and a Nvidia partnership aimed at secure AI deployments.
StablecoinX Surges After Harness Platform Launch, Share Count Discrepancy Emerges
StablecoinX (USDE) jumped over 117% in premarket trading Thursday following the launch of its Harness stablecoin platform, but a discrepancy in share count data is raising questions about the company's valuation.
Robinhood Surge: Bitstamp, Event Contracts Drive June Volume
Robinhood Markets (HOOD) shares climbed 8.35% to $108.65, with June data revealing Bitstamp crypto and event contract volumes surpassing May totals, driven by new product launches.
