Articles by Sarah Chen
SoundHound AI Rallies on Heavy Volume; Monday Trading Key for Sustained Momentum
SoundHound AI closed Friday up 5.14% to $9.00 on heavy volume, ending the week over 10% higher. The rally faces a test Monday as the market weighs dilution from a $300 million share sale and the pending LivePerson acquisition.
AI Infrastructure Orders Boost Cisco's Outlook, Stock Nears Highs
Cisco closed near $120 after a strong Q3 earnings report, with AI infrastructure orders surging and full-year guidance raised to $9 billion.
BlackBerry Hits Six-Session Rally: QNX Backlog and FedRAMP Win Fuel Optimism
BlackBerry closed at $9.00, up 2.5% Friday and 13.8% for the week, fueled by QNX revenue growth, a $950M royalty backlog, and FedRAMP re-certification.
Micron Surpasses $1 Trillion Market Cap as AI Memory Demand Drives Record Rally
Micron closed at $971 Friday, up 29.3% since May 22, topping a $1.11 trillion market cap as AI memory demand and a UBS price target hike fueled a record week. Options markets signal a 10% swing next week.
Archer Aviation Gains Ground in Short Week, Eyes Certification Milestones
Archer Aviation shares closed at $6.81, up 7.1% for the shortened week, after becoming the first eVTOL firm to complete FAA Phase 3 certification. Q1 net loss widened to $217.7M.
Meta's AI Ambitions Tested as Investors Eye Cost Returns
Meta shares ended the week up 3.6% as the company prepares to test an AI pendant next year, while investors scrutinize rising capital expenditure and Reality Labs losses.
Amazon's June Prime Day and AI Spending Test $3 Trillion Market Cap
Amazon shares ended Friday lower but rose 1.6% for the week, as investors weigh an earlier Prime Day in June against surging AI spending.
Rigetti Computing Shares Dip as $100M Federal Funding Awaits Final Terms
Rigetti shares fell 5.5% to $25.54 on Friday, paring gains from a Thursday rally tied to a $100M federal funding letter. Final terms could dilute shareholders, and new SEC filings reveal planned insider sales.
Apple Shares Near Peak as Siri Faces AI Showdown at WWDC
Apple shares ended the holiday-shortened week near record levels, with investors focused on the upcoming WWDC where Siri's AI capabilities will be scrutinized.
ServiceNow Shares Surge in May, AI Optimism Fuels Rebound
ServiceNow shares surged 40.8% in May, their best month since 2012 IPO, closing at $124.37. AI optimism drove enterprise software stocks higher.
Super Micro Surges 30% in a Week on AI Server Demand Boost from Dell
Super Micro Computer shares jumped 30% in a week, lifted by Dell's strong AI server revenue and sector-wide rally. Key catalysts ahead include HPE earnings and US jobs data.