Articles by Sarah Chen
IREN Shares Slide on Australia Data Center Expansion Despite Major Contracts
IREN shares dropped 5.8% in premarket trading after announcing an 800MW Australian data center, despite a $3.65B GPU financing deal and contracts with Microsoft and Nvidia.
BlackBerry's QNX AI Strategy Faces Investor Scrutiny Ahead of Earnings
BlackBerry shares slipped to $10.18 as executives pitched QNX as a growth engine at Baird conference. Investors eye June 25 fiscal Q1 results for proof of AI-driven revenue momentum.
Marvell Hits Record High on AI Demand and Nvidia Backing
Marvell shares surged to a record close of $301.65 following Nvidia CEO Jensen Huang's bullish comments and strong Q1 earnings, highlighting AI-driven growth in data-center networking and custom chips.
Intel Stock Rebounds on AI CPU Plans at Computex
Intel shares surged 4.43% to $112.71, halting a five-day slide, as the company pitched CPUs as key to AI at Computex, unveiling Xeon 6+ processors and rack-scale AI hardware.
Nvidia Shares Slip 3.6% as AI Rally Faces Supply and Margin Tests
Nvidia shares slid 3.6% to $214.75 on Wednesday as profit-taking after Computex and broader market weakness offset positive supply comments and new AI PC chip announcements, testing the AI rally's momentum.
Nokia Soars on AI Demand: Stock Up 18.5% in Three Days
Nokia shares surged 2.39% to €14.805, extending a three-day rally to 18.5% as AI demand drives growth. Nordea hiked its target to €15.7, far above analyst consensus.
POET Technologies Surges on AI Optics Demand, Legal Cloud Remains
POET Technologies shares surged 12% to $15.47 on heavy volume, driven by AI optics optimism and a Lumilens deal, but legal risks from a class action suit persist.
Meta Stock Soars 4% on AI Business Agent Launch for WhatsApp, Messenger, Instagram
Meta shares jumped 4.2% to $622.80 after launching an AI business agent across its messaging apps, signaling new paid products as 2026 capex rises to $145 billion.
Apple Stock Slips as WWDC AI Showdown Nears
Apple shares declined 1.8% to $309.67 as investors grew cautious ahead of the June 8 WWDC, where AI is expected to be a key focus. Analyst opinions are split, making the event a crucial test for Apple's valuation and future iPhone demand.
Tesla Robotaxi Launch in Austin Fails to Spark Rally as Safety Doubts Linger
Tesla shares edged lower Wednesday after launching unsupervised robotaxis in Austin, as traders weighed the move against persistent safety and scalability doubts.
ServiceNow Slides as AI Software Rally Faces Fresh Doubts
ServiceNow shares dropped nearly 6% as software stocks broadly declined, challenging the sector's AI-fueled rebound. Despite strong Q1 earnings and bullish analyst calls, concerns over valuation and deal delays persist.