Articles by Sarah Chen
Quantinuum Stock Jumps on White House Quantum Push and HPE Deal
Quantinuum shares rose 14.6% to $78.21 after White House orders set a 2028 quantum computing target and pushed post-quantum cryptography, while the company announced a HPE partnership and $100M in CHIPS Act incentives.
Backblaze Stock Soars on $335 Million AI Storage Deal with CoreWeave
Backblaze shares jumped nearly 40% on a $335 million storage deal with CoreWeave, marking a major AI infrastructure win for the small-cap cloud firm.
Maase Surges 24% on AI Infrastructure Pivot Despite Heavy Losses
Maase Inc (MAAS.O) soared 24% to $22.16 after filing interim accounts showing a major pivot to AI computing and energy infrastructure, despite a net loss of RMB1.85 billion and a 99.5% drop in cash.
Trump's 2028 Quantum Goal Lifts D-Wave Shares
D-Wave shares gained 3.1% to $25.23 after Trump's quantum executive orders, but Q1 revenue fell 81% to $2.9M, highlighting risk.
Oracle Shares Slide on AI Spending Fears, 21,000 Job Cuts
Oracle shares dropped 2.7% as its annual report disclosed 21,000 job cuts and a $23.7 billion negative free cash flow, intensifying worries about its AI-driven spending.
UiPath Edges Higher as Market Scrutinizes AI Growth Strategy
UiPath shares inched up to $10.19 amid a 22% drop since June, as the market assesses whether its new AI tools can drive ARR growth despite cautious analyst views.
Palantir Edges Up After Hitting 52-Week Low on Valuation Concerns
Palantir Technologies shares rose 0.7% in premarket trading after dropping to a 52-week low. The AI software firm faces valuation pressure but secured new deals with the U.S. Army and Zeta Global.
XRP Hovers Near Support as Ripple Gains EU Regulatory Nod
XRP hovers near $1.11 after Ripple's EU regulatory win, but heavy selling and a fragile $1.05-$1.10 support zone keep the token under pressure as crypto markets broadly decline.
MARA Holdings Slips in Premarket as Bitcoin and Nasdaq Weakness Weigh on Crypto-AI Play
MARA Holdings fell 3.16% in premarket trading Tuesday after shareholders approved an 18 million-share increase to its equity incentive plan, as bitcoin and Nasdaq weakness weighed on the stock.
Infleqtion Gains Premarket on White House Quantum Push and Space Coalition
Infleqtion surged 5.09% to $14.93 premarket after a White House order boosted quantum tech efforts and the company launched a quantum-space coalition.