Articles by Sarah Chen
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.
Intel's Volatile Week Ends with Neutral Analyst Call Ahead of Holiday
Intel shares edged up 0.6% to $46.79 on Friday, capping a volatile week. DA Davidson started coverage with a Neutral rating and a $45 target, calling Intel's reset one of the hardest in semiconductor history.
MSTR Soars 9% as Bitcoin Rallies Ahead of Holiday Weekend
Strategy Inc shares jumped 8.85% to $133.88, tracking a late-week Bitcoin rally. The company also filed a prospectus for a new preferred stock offering.
Palantir Stock Gains Amid Analyst Upgrade, Burry's Bearish Bet
Palantir shares advanced Friday, recovering from prior losses, as a bullish analyst upgrade contrasted with Michael Burry's bearish position. Markets eye Fed minutes and inflation data next week.
Broadcom Shares Slide as Analyst Flags AI Chip Margin Pressure
Broadcom shares declined 1.8% to $325.17 as D.A. Davidson started coverage with a Neutral rating and $335 target, citing risks from cloud customers internalizing chip work.
MicroStrategy Surges After Hours on Bitcoin Rally, Unveils Preferred Stock Details
MicroStrategy shares climbed nearly 9% in extended trading Friday, mirroring a bitcoin price recovery. The company also detailed its new preferred stock offering and recent cryptocurrency acquisitions.
Cognizant Shares Rebound After Steep Drop, AI Concerns Linger
Cognizant stock snapped a four-session losing streak Friday, closing up 1.1% at $66.55. The rebound followed a sharp 7.2% decline on Thursday amid heavy trading volume.