Articles by Sarah Chen
TeraWulf Soars on Morgan Stanley's Bullish Data Center Outlook
TeraWulf shares surged 11.5% after Morgan Stanley initiated coverage with an Overweight rating and a $37 price target, highlighting the company's data center expansion. The move comes despite a 2.4% decline in Bitcoin.
MicroStrategy Shares Dip as Company Adds Bitcoin Using Stock Sale Proceeds
MicroStrategy shares fell 2% after the company disclosed it sold $89.5 million in stock to purchase 1,142 bitcoin. The firm now holds over 714,000 bitcoin as investors await key U.S. economic data.
XRP Retreats to $1.44 Amid Exchange Scrutiny and Mixed Fund Flows
XRP declined 1.5% to $1.44, extending a weekly loss near 12%. Regulatory concerns intensified after a South Korean exchange error, while XRP-focused investment products attracted $63 million.
Alphabet Considers $15 Billion Bond Offering to Fuel AI Expansion
Alphabet's shares declined slightly as reports emerged of a potential $15 billion bond sale to fund AI infrastructure. Investors are also monitoring upcoming U.S. economic data and a key legal trial.
Alphabet Shares Dip on $15B Bond Offering, Texas Power Deal
Alphabet shares fell 2.5% to $322.86 in early trading following news of a planned $15 billion bond sale and a major Texas data-center power agreement. Investors are weighing the company's capital needs against broader tech sector caution.
Microsoft Shares Climb Amid Analyst Downgrade and Cloud Reliability Concerns
Microsoft stock advanced 1.8% to $401.14 in early Monday trading, defying broader market weakness, following a Stifel downgrade citing AI competition and cloud constraints.
MicroStrategy Shares Slide 7% as New Bitcoin Purchase Highlights Dilution Concerns
MicroStrategy's stock fell sharply after the company disclosed it bought $90 million worth of Bitcoin, funded primarily through the sale of over 600,000 shares, refocusing investor attention on equity dilution.
Amazon Shares Drop on AI Spending Concerns, Investors Eye Key Data
Amazon stock fell sharply as investors weigh a $200 billion capital expenditure plan and a decline in free cash flow. The company's cloud unit deepened a chip supply deal with STMicroelectronics.
Micron Shares Rebound on Samsung HBM4 Production News, Focus Turns to Upcoming Conference
Micron Technology's stock reversed premarket losses, rising roughly 3% early Monday as reports surfaced about Samsung's HBM4 production plans. Investors now await the company's Feb. 11 conference appearance for further direction.
Tesla Shares Climb on Musk's Semi Production Update Amid Market Focus on Economic Data
Tesla stock gained over 3% after CEO Elon Musk announced high-volume production plans for the Semi truck this year, while broader markets rose ahead of key U.S. jobs and inflation reports.
IREN Shares Dip Amid Bitcoin Slide, AI Cloud Expansion in Focus
IREN shares fell premarket following a quarterly loss and declining bitcoin mining revenue, while investors assess its $3.6B GPU financing for AI cloud growth.
MARA Dips on Morgan Stanley's Underweight Initiation; Bitcoin Retreats Ahead of Key U.S. Data
MARA Holdings fell 3.3% in premarket trading after Morgan Stanley started coverage with an Underweight rating and $8 target. Bitcoin declined roughly 3% to near $69,000, weighing on crypto-linked equities.