Articles by Sarah Chen
AST SpaceMobile Rallies Ahead of Key Satellite Launch and SpaceX IPO
AST SpaceMobile stock surged 11.73% to $97.56 ahead of the June 17 BlueBird satellite launch and SpaceX IPO, with investors focusing on execution milestones and valuation risks.
Nokia Shares Surge on AI Network Platform Launch
Nokia shares surged over 6% in Helsinki and 5% in New York after introducing an agentic AI framework for its Network Services Platform, highlighting AI and cloud growth.
Nvidia Targets China Market with Vera CPU Launch Amid AI Rally
Nvidia shares gained 2.22% to $204.87 after Reuters reported it is offering its new Vera CPUs to Chinese customers, with availability as early as August. The broader semiconductor index surged 7.91%.
Intel Soars 9% on BofA Upgrade and AI Demand Surge
Intel shares surged 9.27% after Bank of America upgraded the stock to Buy, citing strong AI and foundry prospects. A reported Google order for 3 million chips added to the rally.
PATH Stock Slides Despite Strong Q1, Analyst Caution Persists
UiPath shares dropped 0.84% to $10.65 on June 11, underperforming a surging tech market, despite strong Q1 revenue growth and first-time GAAP profitability.
Keel Infrastructure Rallies on Closing $458M AI Data Center Financing
Keel Infrastructure Corp. shares surged 5.14% after closing $458 million in convertible notes to accelerate AI and high-performance computing data center projects.
AST SpaceMobile Soars on Confirmed BlueBird Launch Date
AST SpaceMobile shares jumped 11.73% to $97.56 after confirming BlueBird satellites 8, 9, and 10 will launch June 17, targeting higher data speeds and expanding its satellite-to-smartphone broadband network.
Sandisk Hits Record High on AI Memory Boom, Soars 14.5%
Sandisk shares jumped 14.5% to a 52-week high of $1,895.00, fueled by a 251% year-over-year revenue surge and strong guidance for Q4 revenue of $7.75-$8.25 billion.
Marvell Technology Surges 11% on S&P 500 Inclusion, CFO Change, AI Growth
Marvell Technology shares soared 11% as the company announced a CFO change, reaffirmed Q2 outlook, and highlighted its upcoming S&P 500 inclusion and booming AI data-center revenue.
Micron Jumps 12% as AI Memory Optimism Returns Ahead of Earnings
Micron Technology soared 11.66% to $995.87, boosting its market cap to $1.14 trillion, as analyst upgrades and AI memory pricing hopes fueled a rebound ahead of June 24 earnings.
Super Micro Shares Surge 9% After $7 Billion AI Server Financing
Super Micro shares rose 9.2% to $31.97 after pricing $7 billion in equity and equity-linked offerings to fund components for about $39 billion in AI server orders, though the company warned these orders are not firm commitments.
Bitmine Stock Climbs After Preferred Share Sale, Ethereum Accumulation
Bitmine Immersion Technologies shares gained 5.6% to $16.52 after closing a $273.8M preferred stock sale, with proceeds likely for Ethereum purchases and staking. The firm now holds 5.54M ETH, or 4.59% of total supply.