Articles by Sarah Chen
Alphabet Shares Slide as Investors Question Massive AI Spending Plan
Alphabet shares declined over 3% Thursday, extending a 15% retreat from February peaks, as investors expressed concern over the company's ambitious plan to increase capital spending to $185 billion by 2026.
XRP Slumps 4% Amid Geopolitical Tensions and Oil Price Surge
XRP declined approximately 4% to $1.36 Thursday as surging oil prices and fading Middle East ceasefire hopes sparked a widespread crypto market downturn. Bitcoin and Ether also saw significant losses.
Bitcoin Retreats Under $69K Amid Oil Spike, ETF Flows Slow
Bitcoin declined below $69,000 Thursday, pressured by a jump in oil prices and broader risk-off sentiment. Related equities like Coinbase also traded lower as ETF demand moderated.
Miner MARA Rises on Debt Buyback as Sector Diverges Amid AI Shift
Marathon Digital shares advanced following a $1 billion convertible note buyback funded by a bitcoin sale, contrasting with declines across several mining stocks as the industry grapples with rising costs and a strategic shift toward artificial intelligence.
Meta's AI Spending Spree Clashes with Job Cuts, Stock Drops
Meta Platforms is cutting hundreds of jobs while aggressively investing in AI infrastructure, with 2026 capital expenditures projected between $115 billion and $135 billion. The company's stock fell roughly 6.4% on Thursday, reducing its market valuation to approximately $1.84 trillion.
HPE Holds Gains After Analyst Target Hike, AI Backlog Tops $5B
Hewlett Packard Enterprise shares consolidated near weekly highs following a price target increase from Evercore ISI to $30. The firm highlighted robust CPU-driven server demand and a growing AI backlog exceeding $5 billion.
Micron Shares Slide on AI Memory Efficiency Fears, Rival Expansion
Micron Technology shares dropped 4.2% to $366.23 amid concerns over Google's new AI memory efficiency tool and competitor expansion. The decline follows Micron's record quarterly results and a planned $5 billion increase in 2026 capital spending.
Nokia Gains as Jefferies Boosts Target, SEB Cautions Ahead of Q1
Nokia shares advanced in Helsinki trading after Jefferies raised its price target, citing robust optical networking momentum. SEB, however, downgraded the stock to Hold, highlighting valuation concerns following a strong year-to-date rally.
Intel Surges 7% on 18A PC Launch, Fueling Turnaround Hopes
Intel shares rallied 7.1% to $47.18 following the launch of its Core Ultra Series 3 business PCs, the first built on the new 18A manufacturing node. The company also secured an accelerated $5.7 billion in CHIPS Act subsidies.
NVIDIA Holds $179 Amid AI Growth and Rising Chip Competition
NVIDIA's stock held near $179, maintaining a $4.53 trillion valuation after reporting $68.1 billion in Q4 revenue. Meanwhile, Arm's new data-center CPU announcement sent its shares soaring 20%, signaling increased competition in AI hardware.
Microsoft Shares Slip Amid Data-Center Expansion, Analyst Target Cuts
Microsoft shares declined approximately 0.7% to around $370 Wednesday, underperforming a broader tech rally, following a major Texas data-center lease announcement and analyst target cuts from Melius and UBS.
Alphabet Shares Underperform Amid Regulatory Pressure and Apple Maps Challenge
Alphabet shares declined 0.2% Wednesday, underperforming the broader tech rally, as EU regulators scrutinize AI operations and Apple prepares a competitive ad push. The company plans to increase capital expenditures to $185 billion this year.