Articles by Sarah Chen
Nvidia and IREN's $3.4B Deal Highlights AI Infrastructure Bottleneck
Nvidia and IREN Ltd. announced a $3.4 billion GPU cloud deal and up to 5 GW of AI infrastructure, but IREN's co-founder warns new data centers may not go live until 2030 due to power and land constraints.
SanDisk's AI Surge Faces Scrutiny as Investors Eye Sustainability
SanDisk shares fell 4.1% premarket as investors assess the sustainability of its AI-driven rally, despite a 97% Q3 revenue jump and $41.6B in performance obligations.
Quantum Stocks Rally as Washington Unveils $2 Billion Funding Plan
IonQ shares gained 2.8% premarket Tuesday after the Memorial Day break, even as the company was left out of $2 billion in new U.S. quantum funding. IBM secured $1 billion, while D-Wave and Rigetti each received $100 million.
NIO's Post-Holiday Trading Begins with ES9 Launch and Profit Goals in Focus
NIO's U.S.-listed shares fell 7.1% ahead of Memorial Day. The company launches its ES9 electric SUV in China on Wednesday, targeting Q2 deliveries of 110,000-115,000 units.
D-Wave Advances Toward $100M Federal Deal Amid Quantum Sector Rally
D-Wave Quantum Inc. trades at $29.28 premarket, down 0.4%, after a 44.5% rally last week on news of a proposed $100 million CHIPS Act funding deal. Q1 revenue fell 81% to $2.9 million, while bookings soared to $33.4 million.
Rigetti Receives $100M Government Quantum Computing Award, Dilution Risk Looms
Rigetti Computing shares dipped slightly after a two-day surge on news of a $100 million federal quantum computing award, though the funding comes with dilution risk via discounted stock issuance.
Navitas Stock Rally Faces Dilution Threat as SPAC-Earnout Shares Vest
Navitas shares jumped 9.4% premarket Tuesday as the company issued over 3.2 million earnout shares from its SPAC merger, raising dilution concerns.
Micron Shares Rise on AI Memory Demand as DRAM Production Expands
Micron shares climbed 3.7% in premarket trading Tuesday to $779.05, driven by the start of 1-alpha DRAM production at its expanded $2 billion Manassas, Virginia facility.
Nokia Shares Near 52-Week High After Insider Purchase Boosts AI Sentiment
Nokia shares traded near a 52-week high after a top executive purchased $500,000 worth of stock, amid rising AI-related sales and strong Q1 results.
