Articles by Sarah Chen
Amazon Shares Rise on AI Chip Sales Talks, AWS Spending in Spotlight
Amazon shares rose 2.4% on news of AI chip sales talks with external data centers, potentially opening a new revenue stream beyond AWS.
Butterfly Network Surges on Midjourney Scanner Deal and Chip Licensing Pact
Butterfly Network shares jumped over 50% after Midjourney announced a full-body scanner using Butterfly's ultrasound chips, spotlighting a five-year licensing deal worth up to $74 million.
TSMC Hits Near-Record Levels Ahead of Holiday as AI Rally Lifts Taiwan Market
TSMC shares approached record highs in Taipei before the Dragon Boat Festival holiday, buoyed by sustained AI chip demand. The Taiex index closed at a new record, with TSMC adding over 200 points.
Apple Set to Raise Prices as Memory Costs Surge; Micron Rallies on AI Demand
Apple will raise prices on some products as memory and storage-chip costs surge, with CEO Tim Cook calling increases unavoidable. Micron shares jumped 8.8% as investors bet on sustained chip pricing power.
Rigetti Valuation Under Scrutiny as Quantum Sector Navigates CHIPS Act Hurdles
Rigetti shares trade near $20 as investors weigh a $100M government funding letter against a $6.85B valuation, with analysts warning of a potential 50% decline.
IBM Shares Slide on Accenture's Weak Forecast and AI Control Fears
IBM dropped 6.9% after Accenture's weak sales outlook and an IBM study flagged AI control concerns, fueling fears of slower enterprise AI spending.
Honda Partnership Fuels QuantumScape Stock Surge Amid Solid-State Battery Push
QuantumScape stock jumped 5.7% to $7.29 following a Honda R&D solid-state battery research agreement, but the company still lacks revenue and warns significant production is not imminent.
Ondas Acquires Cyberhawk in $125M Deal, Boosting Drone Inspection Capabilities
Ondas Inc. announced a $125M cash acquisition of Cyberhawk, a drone inspection firm, expanding its utility and energy market reach.
Bitcoin Dips as Fed Signals Higher Rates, ETF Outflows Mount
Bitcoin retreated to $64,215 after the Federal Reserve's hawkish stance, with $82.2 million exiting spot bitcoin ETFs and Strategy shares falling 5.2%.
XRP Breaches $1.20 Support as Hawkish Fed Lifts Dollar
XRP dropped below $1.20 support to $1.17 after the Fed's hawkish stance boosted the dollar, triggering selling and underperformance versus Bitcoin and Ether.