Articles by Sarah Chen
XRP Gains Amid Regulatory Optimism; Key SEC Deadline Looms
XRP climbed approximately 2% to $1.44, buoyed by Ripple CEO Brad Garlinghouse's prediction of a 90% chance a major U.S. crypto market-structure bill becomes law by late April. A key SEC deadline for a proposed crypto ETF that could include XRP arrives this week.
Broadcom's Strategic Moves: 6G Chip Launch and VMware Partner Restructuring
Broadcom shares edged lower Friday despite launching BroadPeak, a new radio chip for 5G Advanced and early 6G networks. The company also announced plans to eliminate VMware's entry-level reseller tier in EMEA this May.
Apple Gains on Tariff Ruling, Faces iCloud Lawsuit Ahead of Shareholder Meeting
Apple shares closed Friday up 1.6% at $264.58 following a Supreme Court ruling that overturned Trump-era global tariffs. The company faces a new lawsuit from West Virginia over iCloud encryption and prepares for its February 24 shareholder meeting.
Microsoft Stock Dips Amid Gaming Leadership Overhaul, AI Spending in Focus
Microsoft shares closed lower Friday, underperforming the broader tech rally, following news of a leadership shake-up in its gaming division. Market attention shifts to AI investment trends and key earnings reports.
Cybersecurity Stocks Tumble as AI Startup Anthropic Launches Security Tool
CrowdStrike Holdings dropped sharply, with cybersecurity stocks broadly declining following Anthropic's launch of a Claude security tool. The sector faces renewed AI competition concerns ahead of key earnings reports.
Corning Surges to Record High on UBS Upgrade, Fueled by AI Data Center Demand
Corning shares surged 7.3% to a record high Friday after UBS upgraded the stock, highlighting robust fiber-optic demand from AI data center expansion. The stock's year-to-date gain is approaching 60%.
GE HealthCare Gains on FDA MRI Clearances; Investor Events Loom
GE HealthCare shares advanced 1.47% to $84.23, marking a fifth consecutive session of gains following FDA 510(k) clearances for two MRI systems and an AI workflow platform. Investor attention turns to upcoming management presentations.
AppLovin Shares Volatile Amid Active SEC Probe, Social Platform Ambitions
AppLovin shares experienced volatility after hours following reports of an ongoing SEC investigation and a job listing for a 'next-generation social platform.'
Broadcom Shares Dip Amid 6G Chip Launch, VMware Partner Changes
Broadcom shares declined 0.4% on Friday, underperforming the broader market despite launching a new 6G radio chip. The company also plans to restructure VMware's partner program in Europe, the Middle East, and Africa.
Palantir Secures Potential $1B DHS Deal Amid Insider Filings, Analyst Upgrade
Palantir shares edged higher after hours following news of a five-year Department of Homeland Security agreement worth up to $1 billion, alongside insider sale filings and an analyst upgrade.
Micron Gains in Extended Trading as AI Memory Demand Strengthens
Micron Technology shares advanced in late trading Friday, reflecting renewed investor confidence in memory makers as critical AI infrastructure plays. The focus now turns to Nvidia's upcoming results for further signals on AI demand.