Articles by Sarah Chen
Alphabet Shares Underperform Amid Regulatory Pressure and Apple Maps Challenge
Alphabet shares declined 0.2% Wednesday, underperforming the broader tech rally, as EU regulators scrutinize AI operations and Apple prepares a competitive ad push. The company plans to increase capital expenditures to $185 billion this year.
Micron Shares Slide Amid Debt Offer and Rival SK Hynix's Expansion Moves
Micron Technology shares declined 4.7% to $377.08 following the launch of cash tender offers for senior notes and a $5 billion increase in 2026 capital expenditure, while competitor SK Hynix unveiled plans for a confidential U.S. listing and a $7.97 billion order for ASML chipmaking tools.
SanDisk Invests $1B in Nanya Tech to Secure AI-Era DRAM Supply
SanDisk will invest approximately $1 billion in Nanya Technology, acquiring a 3.9% equity stake and securing a multi-year DRAM supply agreement. The move aims to lock in memory capacity amid soaring AI-driven demand.
Palantir Gains on Defense AI Prospects Amid Golden Dome Speculation
Palantir shares advanced 2.8% in early trading Wednesday following a Reuters report that the company is collaborating on software for the Trump administration's Golden Dome missile defense system. The move comes days after the Pentagon designated Palantir's Maven Smart System as a program of record.
Hyatt Accelerates AI Rollout to Boost Direct Bookings, Amex Offer Targets Loyalty
Hyatt is rapidly deploying AI search and management tools across its portfolio, aiming to capture travelers earlier in the planning process and increase direct bookings. The company is also offering select American Express cardholders a $75 incentive for direct bookings.
SMCI Rebounds Premarket Amid Analyst Downgrades, Export Probe Fallout
Super Micro Computer stock climbed 2.7% in premarket trading Wednesday, recovering from last week's sharp drop. Analysts downgraded the stock, citing risks from an ongoing export-control investigation.
Intel Shares Surge on AI Server Demand, Arm Chip Launch
Intel shares climbed 3.8% ahead of Wednesday's opening bell, buoyed by Arm's launch of a new AI data-center processor and renewed focus on server CPU demand. The chipmaker's market valuation reached approximately $155.4 billion.
Nokia Shares Surge on Telecom Sector Momentum, AI Focus
Nokia shares advanced 2.92% in Helsinki trading, mirroring broader telecom sector strength. The company's AI-powered optical networking initiatives and significant contract wins have driven substantial year-to-date gains, though some analysts caution about valuation.
MARA Stock Slides 6% Amid Bitcoin Retreat Below $70K
MARA Holdings shares dropped 6% on Tuesday, mirroring a 2.3% decline in Bitcoin below $70,000. The company's substantial Bitcoin holdings and new balance sheet sales strategy amplify its exposure to cryptocurrency volatility.
XRP Holds Near $1.40 as Geopolitical Tensions Offset Regulatory Clarity
Ripple's XRP token remained near $1.40 on Tuesday, failing to sustain momentum as rising oil prices and Middle East tensions countered recent regulatory progress. Bitcoin held steady around $70,489.