Articles by Sarah Chen
IREN Slumps 7% Ahead of MSCI Index Inclusion, Bitcoin Pressure Weighs
IREN shares dropped 7.44% Friday amid a broader crypto stock selloff, with trading volume doubling ahead of its scheduled inclusion in the MSCI USA Index.
Cisco Gains Amid Security Concerns, Investor Events Loom
Cisco shares advanced 1.7% to $79.46 Friday, recovering from Thursday's decline. The company faces security warnings about an actively exploited SD-WAN flaw and prepares for investor meetings at Mobile World Congress and Morgan Stanley's TMT conference.
Block Soars on AI-Driven Restructuring, Eyes 2026 Profit Targets
Block shares jumped sharply following a major workforce reduction tied to AI integration and updated financial guidance projecting significantly higher profitability by 2026.
Geopolitical Tensions Pressure Bitcoin, Risk Assets Retreat
Cryptocurrency prices retreated over the weekend following military strikes in the Middle East, with Bitcoin dipping below $65,400. Investors shifted to risk-off sentiment, impacting related equities and fund flows.
Applied Materials Retreats from Highs Amid Insider Sale and Sector Pressure
Applied Materials shares fell 0.91% to $372.30 Friday, retreating from a recent peak near $396. The drop followed an insider sale and a sector-wide decline driven by inflation data and Nvidia's earnings aftermath.
Micron Shares Retreat as AI Chip Rally Stalls; Focus Shifts to India Plant, Earnings
Micron Technology's stock declined Thursday, mirroring a sector-wide pullback in AI-linked chips following a drop in Nvidia. Attention now turns to the company's upcoming earnings report and the inauguration of its new assembly plant in India.
Apple Shares Dip as Tech Rally Stalls, Cook Hints at Major Product Week
Apple shares declined 0.5% to $272.95, mirroring a broader tech sell-off. CEO Tim Cook signaled a major product announcement week beginning Monday, while an IDC report forecast a sharp 12.9% drop in global smartphone shipments for 2026.
Accenture Surges 8% on Strategic AI Alliance with Mistral
Accenture shares climbed nearly 8% late Thursday following a new AI partnership with French startup Mistral AI. The deal provides Accenture's workforce with access to Mistral's AI products.
Visa Tops AI Maturity Index, Shares Gain Amid Market Slump
Visa shares advanced 1.1% to $316.53 on Thursday, outperforming a falling market after being ranked number one for AI maturity in the payments sector. Attention now turns to upcoming producer price data and Visa's quarterly earnings.
AppLovin Shares Extend Rally Amid Regulatory Scrutiny and Sector Headwinds
AppLovin Corporation shares advanced nearly 5% in Thursday trading, building on prior session gains despite ongoing regulatory investigation and broader ad-tech sector concerns over demand.
Bitcoin Retreats Below $67K as ETF Inflows Surge, Options Expiry Looms
Bitcoin declined 2.7% to $66,969 on Thursday, reversing earlier gains, despite substantial inflows into U.S. spot bitcoin ETFs. Ether also fell 3.6% to $1,991.59.