Articles by Sarah Chen
BB Stock Slides 9% in Tech Rout, Rally's Staying Power Tested
BlackBerry shares dropped 9% Friday in a tech selloff, though the stock still rose 4.6% for the week. Focus shifts to QNX growth and upcoming earnings on June 25.
Crypto Crash Deepens: Portnoy's Losses Mount as $390B Wiped Out
Dave Portnoy's crypto losses deepen amid a $390 billion market rout. Strategy's sale of 32 Bitcoin rattles investors, raising concerns of further sales.
Bitcoin Dips Below $60K as ETF Outflows Surge and Strategy Sells
Bitcoin dropped below $60,000 for the first time since October 2024, with $4.4 billion in ETF outflows and a rare sale by Strategy pressuring prices. Analysts eye $59,750 as critical support.
Rigetti Computing Shares Tumble 14.5% as Tech Selloff Deepens on Rate Jitters
Rigetti Computing shares plunged 14.5% to $20.68 as a broad tech selloff, triggered by strong May payrolls and rate fears, swept through quantum stocks.
BitMine Stock Plunges After $273.8M Preferred Offering for Ethereum
BitMine shares dropped nearly 11% after announcing a $273.8 million preferred stock offering to support its Ethereum-focused treasury strategy.
Apple's WWDC: AI Hopes vs. Rate Reality
Apple shares slid 1% to $308.21 ahead of WWDC as tech stocks fell. Investors seek concrete AI and Siri updates amid a strong jobs report that dims rate cut expectations.
Tesla Stock Tumbles Despite J.P. Morgan's Bullish Price Target Hike
Tesla shares slid about 5% to $397.42 Friday despite J.P. Morgan lifting its rating and tripling its price target to $475, as investors weighed robotaxi ambitions against safety and regulatory risks amid a broader tech selloff.
BlackBerry Stock Pulls Back After Rally, Eyes on QNX Growth
BlackBerry shares slipped 8% after a sharp rally, with investors now focused on upcoming earnings to confirm growth in QNX and secure communications.
C3.ai CEO Siebel Invests $69M to Revive Struggling AI Firm
C3.ai CEO Thomas Siebel invested nearly $69 million in company stock as the firm faces steep revenue drops and forecasts further losses, despite an expanded Shell contract.
SmartKem Stock Surges in Premarket on Heavy Volume Amid Nasdaq Compliance Concerns
SmartKem shares surged nearly 80% in premarket trading Friday following a strong close Thursday, with no new company news. The sub-$1 stock faces Nasdaq compliance issues and a shareholder vote on June 23.