Articles by Sarah Chen
Intuitive Surgical Dips Despite Record Highs for Nasdaq and S&P 500
Intuitive Surgical shares slipped 3.1% last week to $424.64, even as the Nasdaq and S&P 500 reached new records. Q1 revenue rose 23% to $2.77 billion, but tariff risks and a drop in bariatric procedures kept investors cautious.
STMicroelectronics ADRs Rise on AI, Satellite Push; CEO to Speak June 2
STMicroelectronics ADRs gained 3.7% last week, closing at $69.31. The company launched 700V PowerGaN chips for AI servers and industrial uses, targeting $3.45B Q2 revenue.
Micron's Surge Faces Key Test as Options Signal 10% Swing
Micron's market cap nears $1.11 trillion after a sharp AI-driven rally, with options traders expecting a 10% swing next week. The company's HBM supply for 2026 is already sold out.
KLA Corp Slips from Record High Ahead of 10-for-1 Stock Split
KLA Corp. shares slipped from a record high, closing at $1,921.71, as the company prepares for a 10-for-1 stock split on June 12. Fiscal Q3 revenue reached $3.415 billion.
ASML Hits 52-Week High Then Retreats; China Export Curbs Loom
ASML shares hit a 52-week high before closing lower on Friday, as investors weighed strong AI chip demand against renewed China export control risks.
Accenture rallies 4.86% on AI joint venture, but 2026 losses remain steep
Accenture shares jumped 4.86% Friday to $187.07 on heavy volume after a Tokyo AI joint venture with Mitsubishi Chemical, but the stock remains down 29.27% for 2026.
Cisco Hits All-Time High as AI Order Forecast Lifts Sentiment
Cisco shares closed at a record $120.42 on Friday after the company boosted its 2026 AI infrastructure order forecast to $9 billion. The stock's rally sets the stage for next week's Cisco Live event and U.S. jobs data.
Datadog Surges 9.8% After RBC Price Target Hike; Conference Appearance Awaited
Datadog shares jumped 9.8% on Friday after RBC Capital raised its price target to $250, capping an 11.3% weekly gain. The company reported strong Q1 results and achieved FedRAMP High certification.
Atlassian Soars 26% in Holiday-Shortened Week on Cloud Strength
Atlassian shares surged 26% in a holiday-shortened week after strong quarterly results, with cloud revenue rising 29% and ARR surpassing $1 billion. The rally was part of a broader software rebound led by Snowflake and Dell.
Palo Alto Networks Jumps on AI Acquisition, Earnings Ahead
Palo Alto Networks shares surged 9.28% to $281.69 Friday after closing its Portkey AI acquisition. The stock rose 8.1% for the holiday-shortened week, with earnings due Tuesday.
Adobe Shares Surge on AI Shopping Data, Weekly Gain Nears 6%
Adobe shares jumped 7.36% Friday, posting a 5.9% weekly gain, fueled by strong AI shopping data and bullish sentiment. Q2 earnings are due June 11.