Articles by Sarah Chen
Kioxia's 9% Surge Drives 16% of Nikkei's Friday Gain
Kioxia's 9.23% jump on Friday contributed 165 points, about 16% of the Nikkei 225's 1,010.92-point gain, fueled by production news and AI storage demand.
Intel Loses $112B in Market Cap Ahead of Q2 Earnings Test
Intel lost $112 billion in market value from its June 30 peak, closing at $120.35. The chip giant faces a critical earnings report on July 23.
Nvidia Holds Steady as Cloud Partners Plan Massive 210,000-GPU Deployment
Nvidia shares rose 1.2% week-over-week amid plans by cloud partners to deploy up to 210,000 GPUs, highlighting a shift to revenue-sharing models.
Amazon Edges Up as AWS Unveils $1B AI Projects for Clients and Intel
Amazon shares edged higher Thursday as AWS unveiled two $1 billion AI projects, including a generative AI engineer service and cloud credits for intelligence agencies.
BitMine Stock Trades at Discount to Crypto Holdings as ETH Dominates Treasury
BitMine shares ended Thursday at $14.36, up 1.5%, but still trade at roughly 83 cents per dollar of reported crypto and cash holdings as Ethereum's value climbs.
Figma Surges 11.8% on Russell Index Inclusion and Heavy Options Activity
Figma shares surged 11.8% after being added to the Russell 3000, with heavy call buying and short covering driving the rally. The company's AI adoption and strong Q1 revenue growth support investor optimism.
Super Micro Computer Loses $1.6B Intraday as Taiwan Probe Relief Rally Reverses
Super Micro Computer (SMCI) shares slipped 2.8% to $26.87, wiping out $1.61 billion in intraday value after a relief rally over the Taiwan investigation reversed. The AI server stock remains under pressure.
