Articles by Sarah Chen
IREN Shares Slide 7% Following Costly AI Infrastructure Expansion
IREN shares dropped 7.2% to $49.15 after acquiring Awaken and completing a $3B note sale for AI infrastructure, with revenue declining and net loss widening.
TSMC Projects $1.5T Semiconductor Market by 2030 as AI Demand Surges
TSMC now expects the global semiconductor market to exceed $1.5 trillion by 2030, fueled by AI. The company also outlined aggressive capacity expansion and advanced packaging milestones.
Intel Edges Higher as AI-Driven Demand Offsets Market Jitters
Intel shares inched up Monday as analysts raised targets and the AI narrative gained traction. Data center revenue surged 22%, but server CPU market share slipped.
Alphabet Stock Gains Ahead of Google I/O; BofA Reaffirms Buy Rating
Alphabet shares rose over 1% Monday, nearing $4.9 trillion market cap, as Bank of America reiterated Buy with $430 target ahead of Google I/O. Analysts highlight AI and cloud momentum but caution on elevated expectations.
ImmunityBio Secures Patents and BCG Supply Deal for Bladder Cancer Therapy
ImmunityBio announced five U.S. patents protecting its Anktiva-plus-BCG bladder cancer therapy through 2035, and an exclusive supply deal for the Tokyo-172 BCG strain.
HIVE Digital Soars on C$3.5B AI Data Center Plan in Toronto
HIVE Digital Technologies shares surged 33% in Nasdaq pre-market after its BUZZ HPC unit unveiled plans for a 320 MW AI infrastructure site near Toronto, with a C$3.5 billion investment target.
Bloom Energy Attracts Institutional Cash on AI Data Center Demand; Scalability Test Looms
World Investment Advisors and other institutions have taken stakes in Bloom Energy as the fuel-cell maker benefits from AI data center power demand. However, the company faces hurdles in scaling and execution.
Crude Surge Puts Ethereum Under Pressure, Lee Warns of Macro Headwinds
Ether fell to ~$2,100 as oil's jump above $100 reignited inflation fears. Fundstrat's Tom Lee flags crude as Ethereum's top headwind, with record negative correlation.
Cisco's AI Surge Lifts Nokia; Earnings Test Looms
Nokia shares rose 1.2% after Cisco's $5.3B AI orders boosted networking stocks. Nokia's Q1 AI/cloud sales jumped 49%, but high valuation and competition keep the bar high.
XRP Retreats to $1.38 Amid Broad Crypto Selloff Despite ETF Inflows
XRP slid to $1.38 on Monday, down 2.29%, as a broad crypto selloff erased gains from last week. Despite $60.5M in spot ETF inflows, the token extended losses, with traders watching Fed minutes and US crypto legislation.
Bitcoin Slides Below $77K as Rising Bond Yields and Oil Prices Squeeze Crypto Markets
Bitcoin dropped to $76,753 on Monday, pressured by higher bond yields, rising oil prices, and $661 million in forced liquidations. The Federal Reserve's meeting minutes are next.
ServiceNow Pre-Market Focus: AI Hype vs. Margin Reality
ServiceNow shares surged 5% Friday to $95.07, but remain 55% below their 52-week high. Investors are weighing new AI product launches against margin concerns and deal delays.