Articles by Sarah Chen
Aurora Innovation Shares Drop 11% as Driverless Truck Rollout Faces Revenue Scrutiny
Aurora Innovation shares slid 11% as investors weigh the pace of its driverless truck rollout against revenue expectations, despite an 80% year-to-date gain.
Rivian Stock Gains 2.7% on AT&T 5G Deal for R2 SUV Ahead of June 9 Orders
Rivian shares gained 2.7% after AT&T announced 5G connectivity for the upcoming R2 SUV, which opens for orders June 9 at $57,990 with a 330-mile range, positioning it against Tesla's Model Y.
Navitas Surges on Nvidia AI Ecosystem Tie-Up; Dilution Concerns Loom
Navitas shares surged 21% on news of a partnership with Nvidia's MGX AI Factory, but dilution and revenue uncertainties remain key concerns.
BigBear.ai Shares Slip 6% as Panama Deal Fails to Offset Weak Q1 Results
BigBear.ai shares dropped 6% as a new Panama cargo-security contract failed to calm investor concerns over flat Q1 revenue, heavy losses, and dilution.
BitMine's $11.6B Ethereum Bet Faces Market Scrutiny as Ether Slides
BitMine shares dropped 3.2% to $17.39 as ether slid 5.5%, highlighting risks tied to its $11.6 billion crypto balance sheet and transformation into a public Ethereum treasury.
D-Wave Quantum Shares Dip as Gate-Model Roadmap Unveiled Amid Dilution Concerns
D-Wave Quantum shares slipped 1.37% premarket to $29.50 after announcing a gate-model quantum roadmap targeting 100 logical qubits by 2032, while investors assess dilution risks and revenue challenges.
Micron Hits $1,064 as AI Memory Boom Outpaces Supply, Analysts Eye Risks
Micron shares crossed $1,000 as AI memory demand tightens supply, with Raymond James boosting its target to $1,100. However, analysts flag risks from competitor expansion and weaker AI orders.
Xos Shares Skyrocket 219% on AI Data Center Power Hub Launch
Xos shares jumped 219% premarket to $7.12 after unveiling a 2.5MWh Power Hub for data centers, tapping into the AI power demand surge. However, the company's latest 10-Q warns of going-concern risk with only $9.8M cash.
IREN Surges on $3.65B GPU Deal and 800MW Australian Data Center
IREN shares climbed to $66.60 premarket on news of an 800 MW Australian data-center plan and a $3.65 billion GPU financing deal for its Microsoft contract. Canaccord raised its target to $79.
Legend Biotech Surges 42% on Promising Early CAR-T Data
Legend Biotech shares surged 42% after early Phase 1 data showed all six high-dose patients with relapsed B-cell non-Hodgkin lymphoma responded to its in vivo CAR-T therapy, with five achieving complete responses.