Articles by Sarah Chen
Micron Surges Past $1.1 Trillion as AI Memory Demand Intensifies Amid Samsung's New HBM4E Challenge
Micron shares rose 4.6% to $966.24, lifting market cap above $1.1 trillion, as AI memory demand boosts analyst targets. Samsung's HBM4E samples introduce fresh competition.
ServiceNow Soars on Wipro AI Pact, Easing Investor Concerns
ServiceNow shares surged 9% on a Wipro AI deal, easing growth fears. Q1 subscription revenue rose 22% to $3.67B, while AI product ACV topped $750M.
Infleqtion Gains Pre-Market on Oxford Quantum Expansion Plans
Infleqtion shares gained 2.1% in pre-market trading following plans to open a quantum centre in Oxford, tripling UK capacity. Q1 revenue rose 14% to $9.5M, but operating losses persist.
SentinelOne Stock Plunges on Weak Guidance, Job Cuts
SentinelOne shares tumbled nearly 20% premarket Friday after the company issued weak Q2 revenue guidance and announced plans to cut about 8% of jobs.
D-Wave Quantum Shares Dip as Investor Day and CHIPS Act Funding Await
D-Wave Quantum shares edged lower in premarket trading Friday, as investors focus on an upcoming investor day and a proposed $100 million CHIPS Act funding deal amid mixed quarterly results.
SoFiUSD Stablecoin Launch Drives Premarket Stock Surge
SoFi shares rose 4.9% premarket after launching SoFiUSD, a stablecoin available to 15 million members via its banking app.
IBM's $10B Quantum Plan and $5B Security Push Lift Shares
IBM shares climbed 3.5% premarket after announcing a $10 billion quantum-computing plan and a $5 billion cybersecurity push with Red Hat, aiming for a fault-tolerant quantum computer by 2029.
Intel Stock Steadies After Arc Chip Launch, AI Demand in Focus
Intel shares dipped 0.72% to $120.89 after unveiling Arc G-Series chips for handheld gaming PCs. AI-driven data center demand keeps the stock near its recent high of $132.75.