Articles by Sarah Chen
SoFi Shares Dip on Stablecoin Listing Amid Broader Market Selloff
SoFi stock slipped 2.3% premarket after Bullish listed SoFiUSD stablecoin, as Nasdaq futures fell over 2% on rate and AI spending worries.
Alphabet Loses $225B in Market Cap as AI Researchers Exit to Rivals
Alphabet lost $225 billion in market value after two top AI researchers left for OpenAI and Anthropic, sparking investor doubts about talent retention and AI strategy.
Fomo Raises $75M Series B at $550M Valuation to Simplify Crypto Trading
Fomo raised $75M in Series B funding at a $550M valuation to simplify on-chain trading and expand into equities and prediction markets, despite a slump in crypto venture funding.
Super Micro Faces Early Test After Nvidia-Driven Rally
Super Micro Computer (SMCI) fell 6.3% in premarket trading after a sharp rally, as the market assesses a new Nvidia-based AI server launch and an analyst upgrade against financing and order risks.
IBM Rises on OpenAI Security Pact and Quantum Orders
IBM shares rose 3.22% premarket after announcing an OpenAI cybersecurity partnership and new U.S. quantum computing orders, defying a broader tech selloff.
Amazon Shares Slide Ahead of Prime Day Amid AI Spending Anxiety
Amazon shares dropped 4.75% to $232.79 on Monday as investors questioned AI spending returns ahead of Prime Day, with Bank of America projecting $21.6 billion in sales.
Nokia Surges on Expanded Google Cloud AI Partnership
Nokia shares surged after announcing an expanded AI network-software partnership with Google Cloud, integrating Gemini AI into network management tools, with SaaS launch set for September.
Infleqtion Stock Surges on Quantum Space Coalition and White House Policy Boost
Infleqtion shares jumped 5% to $14.21 after launching a quantum-space coalition, as a White House order accelerated U.S. quantum tech plans.
Nexentis Shares Surge 156% on AI Drug Discovery Pact, Then Retreat
Nexentis shares skyrocketed 156% after announcing an AI drug discovery deal and a $2.9 million stock-and-warrant offering, but declined 26% in after-hours trading amid dilution concerns.
Tesla Rises Amid Nasdaq Slide, Robotaxi Hopes Drive Gains
Tesla shares rose 1.14% to $405.05 Monday, defying a Nasdaq drop, as investor focus on robotaxis and AI outweighed a Jefferies price target cut and a new safety probe.
Nvidia Slips Below $209 as AI Spending Fears Weigh on Tech
Nvidia shares slid to $208.65 amid broader tech weakness, with the Nasdaq falling 1.3% on concerns over AI spending sustainability.