Articles by Sarah Chen
PayPal Gains Despite Price Target Cut as Leadership Transition Nears
PayPal shares advanced 1.7% to $41.12 Monday, even as Cantor Fitzgerald lowered its price target to $42. Investors are assessing the company's turnaround potential ahead of a CEO change on March 1.
Rocket Lab Shares Surge 6% Ahead of Earnings, Neutron Update
Rocket Lab stock gained nearly 6% in Monday trading as investors positioned for next week's quarterly results and a timeline update for its Neutron rocket. Trading volume exceeded 13.9 million shares.
Teradyne Gains Amid Chip Sector Rebound; Focus on Economic Data and Analyst Shift
Teradyne shares advanced over 3% as semiconductor-related stocks recovered. A key analyst downgraded the stock to neutral but raised its price target ahead of critical U.S. jobs and inflation reports.
Corning Shares Surge to Record High on Meta Deal and AI Data Center Demand
Corning stock jumped 7% to a new record near $131, fueled by a multi-billion dollar Meta Platforms agreement and strong quarterly results. Investors are now eyeing upcoming U.S. economic data for interest rate signals.
BitMine Immersion Holdings Surge on $10B Crypto Asset Disclosure
BitMine Immersion Technologies shares advanced 5.6% after revealing $10 billion in combined cryptocurrency and cash holdings, including substantial Ethereum positions and new acquisitions.
Coherent Shares Surge 7% on Bank of America Price Target Boost Amid AI Data Center Focus
Coherent Corp stock rallied over 7% after Bank of America raised its price target to $250, citing strong hyperscale capital expenditure trends. The optical components maker also provided its Q3 revenue and earnings guidance.
Applied Digital Shares Surge Nearly 10% Amid AI Data Center Rally
Applied Digital stock climbed 9.6% to $38.32 in volatile trading, reflecting renewed investor appetite for AI infrastructure plays. The company has become a key proxy for computing capacity investments.
Palo Alto Networks Gains as CyberArk Merger Nears February Close
Palo Alto Networks shares advanced 3.4% after Nasdaq set a tentative Feb. 11 closing date for its $25 billion acquisition of CyberArk. Investors await quarterly results on Feb. 17 for integration updates.
AST SpaceMobile Shares Swing Amid BlueBird 7 Launch Countdown
AST SpaceMobile stock experienced volatile trading, dipping 0.5% while broader markets rose, as investors await the late-February BlueBird 7 satellite launch.
Snowflake Gains as Jefferies Dismisses AI Concerns, Maintains $300 Target
Snowflake shares rose 3.4% to $174.10 amid a tech rebound, with Jefferies reaffirming a Buy rating and $300 price target ahead of the company's Feb. 25 earnings report.
Super Micro's Margin Pressure Weighs on Shares Despite AI Demand Surge
Super Micro Computer shares declined as investors focused on shrinking profit margins, overshadowing strong revenue growth tied to AI server demand.
Ripple Expands Custody Services Amid XRP Price Volatility and CPI Watch
XRP declined 0.3% to $1.44, extending a weekly loss of 12%, as Ripple announced new custody partnerships with Securosys and Figment. XRP investment products saw $63.1 million in inflows last week despite broader crypto outflows.