Articles by Sarah Chen
Ripple Payments Expansion Fuels XRP Rally; Market Eyes U.S. Jobs Data
XRP gained approximately 6% to $1.45 following Ripple's announcement of platform upgrades supporting fiat currencies and stablecoins. Market attention now shifts to the upcoming U.S. employment data for signals on monetary policy and risk sentiment.
AppLovin Surges on E-Commerce Ad Expansion Plans
AppLovin shares rallied 9.4% late Wednesday as management detailed growth in gaming ads and a planned expansion into web and e-commerce advertising, outperforming sector peers.
Apple Launches $599 MacBook Neo, Targets Education Market Amid Rising Costs
Apple introduced the MacBook Neo, a $599 laptop with an A18 Pro chip and 8GB memory, shipping March 11. The device targets the education segment and undercuts Apple's previous entry-level MacBook Air.
Palantir Gains on Pentagon AI Shake-Up, Maven Contracts in Focus
Palantir shares climbed 4% to $153.19 in extended trading following a Pentagon directive to remove Anthropic's AI from defense platforms, affecting key Maven contracts. Federal agencies are shifting to OpenAI and Google alternatives.
SanDisk Shares Rebound 6% Following Tech Sector Sell-Off
SanDisk shares climbed nearly 6% on Wednesday, recouping some of the previous day's steep losses. The rebound coincided with a broader stabilization in technology and memory-chip stocks.
Nvidia's Huang Signals Final AI Bets as OpenAI, Anthropic Eye Public Listings
Nvidia's CEO stated the chipmaker's major investments in OpenAI and Anthropic are probably its final stakes before the AI startups go public. The move comes as both companies face contrasting government pressures.
Lam Research CFO Forecasts $135B Chip Equipment Boom by 2026, Cites AI and Packaging Demand
Lam Research's CFO anticipates wafer-fab equipment spending could reach $135 billion in 2026, up from $110 billion in 2025, fueled by AI and advanced packaging demand, though cleanroom limitations pose a challenge.
Applied Optoelectronics Gains on Insider Sale Plan, Sets $250M ATM Offering
Applied Optoelectronics shares advanced 2.9% to $98.07 after a director disclosed plans to sell up to 102,347 shares. The company also established a $250 million at-the-market stock offering program.
Applied Materials Recovers as Chipmakers Demand Timely Tool Deliveries
Applied Materials shares recovered 1.9% Wednesday, partially offsetting a 5.6% decline from the prior session. A company executive noted chipmakers are pressing for on-schedule equipment deliveries amid strong demand.
BitMine's $9.9B Crypto Treasury Reveal Fuels BMNR Rally with Ethereum Surge
BitMine Immersion Technologies reported holdings worth $9.9 billion as of March 1, including 4.47 million ether and $868 million cash. Its stock rose 9.7% alongside a 9.9% jump in Ethereum's price.