Articles by Sarah Chen
Joby Aviation Slips Amid Legal Battles and Russell Index Shuffle
Joby Aviation (JOBY) dropped 1.4% to $9.86 on volume 66% above average, pressured by legal conflicts in the eVTOL sector and the upcoming Russell index rebalancing.
Coherent Surges 9% on AI Optics Demand, CHIPS Act Signals Indium Phosphide Boost
Coherent shares rose 9.2% to $425.38 on a CHIPS Act letter for up to $50M to expand indium phosphide capacity in Texas, highlighting AI data center supply chain concerns amid China's export checks.
Lumentum Rides AI Optical Demand to 6% Gain Despite Nasdaq Weakness
Lumentum shares surged 6.1% to $901.89, driven by a $400M+ optical circuit switch backlog and underappreciated co-packaged optics attach-rate upside, as AI infrastructure stocks attracted buyers.
Applied Optoelectronics Jumps on China Credit Line Expansion
Applied Optoelectronics shares surged 7.8% as a China unit doubled a credit line to RMB 500 million, indicating funding for AI optics production ramp.
IBM Falls on Accenture Read-Through; AI Growth Debate Intensifies
IBM shares fell 1.8% as Accenture's weaker guidance weighed on IT services, reigniting debate over whether AI will boost IBM's high-margin software enough to offset consulting risks.
Chevron-Microsoft AI Deal Shifts Focus to Energy Infrastructure
Chevron will supply natural-gas power to Microsoft's Pecos data center, highlighting the AI capex debate as MSFT shares dip despite strong Azure growth.
Strategy's Stock Sale Raises Cash as STRC Preferred Shares Face Headwinds
Strategy Inc sold $335.5M in common stock, boosting cash to $1.4B, while STRC preferred shares trade below par. The move shifts focus from bitcoin accumulation to capital structure stability.
MARA Holdings Jumps 12.8% as Market Eyes Power Assets Beyond Bitcoin
MARA Holdings jumped 12.8% to $16.04, far outpacing bitcoin's 2.1% gain, as traders valued its power assets and AI data-center potential over its bitcoin holdings.
Meta Invests $900M in CRED, Names Kunal Shah as WhatsApp Head
Meta is investing $900 million in Indian fintech CRED and appointing its founder Kunal Shah as WhatsApp's new global head, signaling a major push into payments and AI-driven commerce.