Articles by Sarah Chen
Meta's Subscription Launch Drives Stock Rally
Meta shares jumped 3.74% to $635.25 on Wednesday after introducing paid subscription plans across its apps and AI tools, while raising its 2026 capital spending forecast to $125-$145 billion.
Nvidia's $5.19 Trillion AI Trade Stalls Amid Chip Sector Pullback
Nvidia shares fell 1.1% Wednesday, pausing after a strong rally, as the broader chip sector slid. The AI bellwether's market cap sits near $5.19 trillion.
ServiceNow Stock Rises 2.2% on Steady Enterprise Demand Signals
ServiceNow shares rose 2.2% to $102.12, outperforming software peers as Oppenheimer reaffirmed its Outperform rating and $130 target after a customer survey showed steady enterprise demand.
Robinhood Gains 2.9% on AI Agent Trading and Credit Card Launch
Robinhood shares climbed 2.9% to $76.23 as the broker debuted AI-agent trading in beta for equities and introduced AI-linked credit card features, targeting growth beyond market volatility.
SoFiUSD Stablecoin Launch Lifts Shares as SoFi Tests Blockchain Payments
SoFi shares climbed to $16.17 after launching SoFiUSD stablecoin for nearly 15 million members, with plans to list on Bullish exchange by end of June.
Snowflake Stock Surges 29% on $6 Billion AWS Deal and Raised Outlook
Snowflake raised its fiscal 2027 product revenue outlook to $5.84 billion and signed a $6 billion, five-year AWS deal focused on AI and Graviton chips, sending shares up 29% after hours.
Meta Launches Paid AI Tiers, Stock Rises on New Revenue Path
Meta shares rose 3.9% after the company introduced paid subscription tiers for its social apps and Meta AI, signaling a potential new revenue source beyond advertising.
Apple Stock Climbs on AI Optimism Ahead of Developer Conference
Apple shares rose 0.8% to $310.71 on Wednesday, lifting its market cap near $4.58 trillion, as investors looked ahead to AI announcements at the upcoming WWDC.
Hoth Therapeutics Soars on Pivot to Space-AI with Rocket One Rebrand
Hoth Therapeutics shares jumped 71% to $1.21 after the company rebranded as Rocket One Inc., shifting focus from biotech to space, defense, and nanomagnetic AI chips.
Applied Digital Secures 1 GW in AI Contracts, Execution Risks Loom
Applied Digital shares held near $45.25 after a $7.5B lease boosted contracted capacity to 1.2 GW and revenue to $31B. Execution risks remain key.