Articles by Sarah Chen
Super Micro Shares Surge on Taiwan Export Crackdown, but Compliance Issues Loom
Super Micro shares jumped 8.1% after helping Taiwanese authorities seize 50 servers. Strong AI demand and Dell's raised outlook buoy the sector, but legal and compliance risks persist.
CME Launches 24/7 Crypto Trading, Eliminating Weekend Gap
CME Group will begin round-the-clock crypto futures and options trading on May 29, closing the weekend gap and ending a popular arbitrage strategy.
BlackBerry Rallies on QNX Software Strength and AI Robotics Push
BlackBerry shares rallied as QNX software revenue hit a record $78.7 million, driven by demand in robotics and physical AI. Options activity was bullish, and the company announced a share buyback.
Amazon Nears $3 Trillion as Snowflake Pacts $6 Billion for AWS AI
Amazon shares rose 0.8% after Snowflake announced a $6 billion, five-year AWS commitment, highlighting surging AI cloud demand.
Netflix Lags as Nasdaq Hits Record; Ad Revenue Surge in Focus
Netflix shares fell 1.2% to $86.36, missing the Nasdaq's record close. The streaming giant's ad revenue is expected to double to $3 billion in 2026.
Tesla Stock Extends Winning Streak on European Sales Bounce Despite Self-Driving Scrutiny
Tesla shares climbed 0.4% to $442.10 on Thursday, marking a sixth straight gain, as a rebound in European sales offset renewed doubts about the company's Full Self-Driving technology.
Apple Shares Hit New Record Ahead of AI-Focused WWDC
Apple stock hit a fresh record of $312.51 on Thursday, driven by optimism ahead of WWDC. Analysts raised price targets on AI and Siri upgrade expectations.
XRP Recovers Above $1.32 After Testing Key Support Level
XRP recovered to $1.32 after briefly falling under $1.30, as traders assess support. CME Group announced 24/7 crypto futures trading starting May 29.
Microsoft Shares Jump on Report of In-House AI Models Ahead of Build Event
Microsoft shares rose 3.4% on Thursday after a report said the company will unveil new in-house AI models, including a coding model for GitHub Copilot, at its Build event next week.
ServiceNow Shares Surge on Renewed AI Optimism in Enterprise Software
ServiceNow shares jumped 7% as AI-focused enterprise software stocks rallied, fueled by Snowflake's $6 billion AWS deal. Q1 subscription revenue rose 22%, but questions linger about AI's long-term impact.