Articles by Sarah Chen
Aon Recovers from AI-Driven Selloff as Investors Weigh Brokerage Disruption
Aon shares rebounded 3.1% after Monday's sharp decline triggered by an AI-powered insurance comparison tool. The market is assessing whether such technology could pressure traditional broker fees.
Nebius Acquires AI Search Firm Tavily Ahead of Quarterly Earnings
Nebius Group shares gained approximately 1% following its agreement to purchase AI search provider Tavily. Investors now await Thursday's quarterly results for insights on demand and spending trends.
Uber shares dip on Dubai robotaxi launch and $335M Getir acquisition
Uber stock edged lower as the company announced plans to deploy Baidu's autonomous vehicles in Dubai and finalized a major acquisition of Getir's food delivery business in Turkey.
IBM Shares Decline on Ex-Dividend Day Amid AI Storage Launch
IBM stock fell 1.4% to $292.19, underperforming a flat market as it traded ex-dividend and introduced new agentic AI-powered FlashSystem storage products.
Applied Digital Ties Executive Equity to Hyperscaler Lease Milestones, Shares Volatile
Applied Digital shares experienced significant intraday volatility after an SEC filing revealed performance-based stock awards for top executives tied to securing long-term hyperscaler leases and data center capacity targets.
Cisco Unveils AI Networking Chip, Rivals Slip on China and Capex Concerns
Cisco introduced a new networking chip for AI data centers, intensifying competition with Nvidia and Broadcom. Meanwhile, AI hardware stocks faced pressure from U.S.-China licensing scrutiny and investor worries over capital spending.
Qualcomm Shares Gain Amid Analyst Caution Over Memory Supply Constraints
Qualcomm stock rose 0.5% to $139.61, stabilizing after recent volatility. Morgan Stanley resumed coverage with an underweight rating and a $132 target, citing memory shortages and weak handset demand.
Snowflake Gains on AI Product Momentum Ahead of Quarterly Report
Snowflake shares advanced over 4% as new AI tools and an OpenAI partnership drew investor focus. The stock's movement comes ahead of the company's earnings release scheduled for February 25.
Intuit Shares Dip as Analysts Trim Targets Amid AI Uncertainty, Mailchimp Expansion Eyed
Intuit stock fell 0.7% to $434.58 after BMO and TD Cowen lowered price targets, citing tax-season trends and AI risks. Investors are monitoring Mailchimp's new ecommerce tools and the upcoming quarterly report.
Teradyne Shares Retreat from 52-Week Peak Following Analyst Downgrade
Teradyne stock declined nearly 1% on Tuesday after President Capital downgraded the semiconductor test equipment maker to neutral, raising its price target to $308. Trading volume surged above average as investors awaited key U.S. economic data.
CyberArk Trading Halted Ahead of Palo Alto Networks Acquisition Close
CyberArk shares traded near $410 as Nasdaq announced an after-hours halt, with the Palo Alto Networks acquisition set to close before Wednesday's market open. The deal values CyberArk at approximately $412 per share.