Articles by Sarah Chen
Atlassian Stock Soars 15% on Renewed Software Sector Confidence
Atlassian shares jumped 15.6% to $107.85 Friday, with nearly 9.6 million shares traded, as investors shifted focus from AI disruption fears to strong peer results.
NetApp Stock Soars on AI Storage Demand, Guidance Boost
NetApp shares jumped over 26% after the company beat quarterly estimates and raised its outlook on strong AI-driven demand for storage solutions.
Tesla Shares Dip Despite European FSD Approval; BYD Rivalry Intensifies
Tesla shares slipped 1.2% on Friday, underperforming the broader market, even as Estonia approved its Full Self-Driving software. The company faces stiff competition from BYD and plans over $25 billion in capital spending for 2026.
BlackBerry Surges on QNX AI Push and Options Activity
BlackBerry shares climbed 3.4% on Friday, fueled by QNX robotics AI research and a surge in options trading, as investors eye the QNX unit's expansion beyond automotive into robotics and medical tech.
IREN Shares Dip as Focus Shifts to AI Deal Execution
IREN shares dropped 1.5% to $63.08 Friday as the market shifts focus from contract figures to execution of its AI infrastructure plans.
Lumentum's AI Optics Surge Outshines Nvidia; Pullback Tests Rally
Lumentum shares slipped 3.6% Friday, paring a massive AI-driven rally that saw the stock gain 135% YTD, far exceeding Nvidia.
ByteDance's AI Chip Push Could Open New Data Center Markets for Qualcomm
ByteDance is accelerating its custom AI chip and CPU development, with a reported deal to purchase millions of Qualcomm ASICs for data centers, easing hardware bottlenecks.
SanDisk Surges on AI Demand, Price Target Hiked to $3,250
SanDisk shares jumped after Susquehanna raised its price target to $3,250, driven by AI demand and long-term contracts. Q3 revenue rose 97%.
SoundHound AI Shares Rise Despite $300M Stock Sale Announcement
SoundHound AI shares rose 4.3% to $8.93 after announcing a $300 million stock sale program, despite a Q1 net loss of $25 million and revenue of $44.2 million.
Micron Soars on AI Memory Demand, Samsung Enters Fray with HBM4E Samples
Micron Technology shares rose 4.6% to $966.24, lifting its market cap above $1.1 trillion, driven by AI memory demand and analyst upgrades. Samsung shipped samples of its HBM4E chips, adding competitive pressure.