Articles by Sarah Chen
Intertek Gains on German Solar Drone Acquisition Ahead of March Earnings
Intertek Group shares advanced 1% following its acquisition of German solar inspection specialist AePVI, which utilizes drone technology. The market now awaits the company's full-year financial report scheduled for March 3.
Electro Optic Systems Surges 14% on Singapore Laser Hub Launch, Eyes Key Results
Electro Optic Systems Holdings Ltd saw its stock climb 13.7% to A$7.16 following the official opening of its high-energy laser weapon hub in Singapore. Investors await audited financial results expected around February 19.
Xero Shares Edge Lower on Melio Acquisition Share Issuance Filing
Xero's stock declined following a regulatory filing detailing new shares issued for the Melio acquisition. Investors are monitoring further share releases and the upcoming FY26 results in May.
Qualcomm Faces Memory Chip Squeeze as DRAM Prices Surge 75%
Qualcomm shares rose 1.6% to $140.70 on Friday before the holiday pause, as a sharp rise in memory chip costs threatens smartphone makers and suppliers. The company has previously warned that tighter memory supply could dampen handset demand.
Shopify Launches $2 Billion Buyback Amid AI Commerce Debate
Shopify Inc. shares closed at $112.70, up 1.8%, ahead of a $2 billion buyback launch. Markets are closed Monday for Presidents Day, with focus on AI-driven shopping agents and capital allocation.
Lam Research Rises as Chip Equipment Stocks Ride AI Spending Wave
Lam Research shares advanced, tracking a sector rally ignited by Applied Materials' bullish AI outlook. Market focus shifts to upcoming economic data and Nvidia's results for AI supply chain signals.
ServiceNow Gains 3.6% Ahead of Holiday; Executive Appointment, Insider Sales Noted
ServiceNow shares advanced 3.6% Friday, closing at $107.08. The company named Danielle Fontaine as chief accounting officer, and director Paul Chamberlain sold shares under a Rule 10b5-1 trading plan.
Lumentum Insider Sales Near $600 Mark Precede Market Holiday
Lumentum Holdings Inc. director Penny Herscher sold approximately $2.39 million in company stock, with shares trading near $600, according to an SEC filing. The stock closed Friday down 3.6% at $562.74.
Western Digital's 2026 Hard Drive Capacity Fully Booked, CEO Says
Western Digital's CEO revealed that 2026 hard drive manufacturing capacity is nearly entirely committed, backed by purchase orders from its seven largest customers and long-term contracts running through 2028.
Bitcoin Retreats Below $68K Amid Thin Holiday Trading, Fed Minutes Loom
Bitcoin declined to approximately $67,900 during a holiday-thinned trading session, with market participants focusing on upcoming Federal Reserve minutes and institutional ETF flows for near-term direction.
Salesforce Gains Ahead of Holiday, AI Acquisition and Earnings in Focus
Salesforce shares closed at $189.72, up 2.3%, with heavy trading volume ahead of the market holiday. The company's recent AI acquisition and cost discipline are under scrutiny as investors await quarterly results.