Articles by Sarah Chen
ASML Shares Dip on China Export Restrictions, AI Rally Pauses
ASML shares slipped 0.6% in Amsterdam after the company denied shipping EUV chipmaking tools to China, interrupting an AI-led rally. China's share of sales is expected to fall from 33% to 20% in 2026.
Marvell Technology Surges on AI Networking Demand and S&P 500 Inclusion
Marvell Technology shares jumped 7.27% to $310.58 following a KeyBanc price target increase and a Tower Semiconductor photonics milestone, with the upcoming S&P 500 inclusion driving investor interest.
XRP Falls Below $1.15 as Whale Distributions Outweigh ETF Inflows
XRP fell 4.64% to $1.13 after breaking below $1.15, as whales distributed over 30 million tokens and active addresses halved, testing support near $1.10 despite $2.55 million in ETF inflows.
Apple Warns of Price Hikes as AI Demand Drives Memory Chip Costs Higher; Micron Hits Record
Apple will raise prices as memory and storage chip costs surge, CEO Tim Cook says hikes are unavoidable. Micron stock closed at an all-time high on supply tightness.
Butterfly Network Surges 56% on Midjourney Scanner Deal, Licensing Potential in Focus
Butterfly Network shares jumped 55.9% to $8.90 after Midjourney revealed a full-body scanner prototype using 40 of Butterfly's Ultrasound-on-Chip modules, spotlighting a five-year licensing deal.
QuantumScape Jumps 16.5% on Honda Solid-State Battery Pact
QuantumScape (QS) surged 16.5% to $8.04 after Honda R&D signed a multi-year solid-state battery research deal, adding a key automaker catalyst before the Juneteenth holiday.
Cisco Bounces Back on AI Infrastructure Optimism Ahead of Juneteenth Holiday
Cisco shares climbed 1.88% to $119.54, snapping a four-day losing streak, driven by AI infrastructure optimism ahead of the Juneteenth market holiday.
Wolfspeed Surges 18% Then Files Share Resale, Testing AI Chip Rally
Wolfspeed shares surged 18% before filing to register 24 million shares for resale, raising dilution concerns. The silicon carbide chipmaker's AI-driven rally faces a test when markets reopen.
FuelCell Energy Surges on AI Data Center Power Pipeline Hopes
FuelCell Energy shares soared nearly 20% as traders focus on its AI data center power pipeline, though revenue dropped and losses widened.
