Articles by Sarah Chen
GCT Semiconductor Surges Premarket on Revenue Surge and 5G Chipset Growth
GCT Semiconductor shares jumped 14.21% in premarket Monday after a 287.1% revenue surge and 58% sequential growth in 5G chipset shipments, though the company faces financing challenges.
Rigetti Computing Shares Slide 7.4% as Quantum Sector Sells Off
Rigetti stock dropped 7.4% to $17.85 Friday as quantum stocks sold off. Q1 revenue of $4.4 million and a $26 million operating loss were reported.
Super Micro Stock Slides 6% as Focus Shifts to Monday's J.P. Morgan Conference
Super Micro Computer shares dropped 6% to close at $31.04, extending losses since May 8. The company reported $10.24 billion in March-quarter sales, missing estimates, with a 9.9% gross margin and $6.6 billion operating cash outflow.
AMD Stock Retreats After Record Rally, Focus Shifts to AI Demand
AMD shares dropped 5.7% to $424.10, capping a 7.6% weekly decline after a record rally. Strong Q1 earnings and raised price targets failed to sustain momentum.
QuantumScape Ends Volatile Week Lower; Focus on Eagle Line Progress
QuantumScape shares fell 6.9% Friday to $8.01 but still gained 6.6% for the week. The pre-revenue solid-state battery company reported a Q1 loss and highlighted Eagle Line production.
Palantir's Upbeat Forecast Fails to Lift Stock as AI Rally Stalls
Palantir closed at $133.99 on Friday, down 2.8% from May 8, despite raising its 2026 revenue outlook. The Nasdaq ended a six-week rally as oil and yields weighed on AI stocks.
ServiceNow Gains Ahead of Key Week After Debt Sale and AI Focus
ServiceNow shares rose 5.05% to $95.07, outperforming major indexes, after completing a $4 billion debt offering to fund its Armis acquisition.
Aurora Innovation Stock Dips 5.75% Ahead of Annual Meeting
Aurora Innovation shares closed at $7.71 on Friday, down 5.75%, but remain up 10% from last week. The company aims to deploy over 200 driverless trucks by year-end and holds its annual meeting on May 21.
MARA Slips 6% as Bitcoin Miner's AI Transition Faces Key Trial
MARA shares dropped 6.4% to $12.44 after bondholders approved debt amendments for its Long Ridge Energy deal, a key step in its AI pivot. The miner reported a $1.26B Q1 net loss.
Cisco Hits All-Time High as AI Orders Surge, Job Cuts Announced
Cisco shares closed at $118.21 after a 22% weekly gain, fueled by strong earnings and a raised AI revenue outlook to $9 billion. The stock jumped 17% on Thursday.