Articles by Sarah Chen
Bitcoin slides toward $75,000 as ETF outflows and rising yields weigh on crypto
Bitcoin dropped to $74,594 on Saturday amid persistent outflows from U.S. spot bitcoin ETFs and rising bond yields. Ether also fell as markets await Wall Street's reopening.
AXT Shares Surge to Record High on AI Optical Networking Demand
AXT shares surged 16.37% to $140.83, hitting a 52-week high, driven by AI optical networking demand and a $100M InP backlog.
Baiya Shares Skyrocket 110% After $1M BNB Investment and New Crypto Plan
Baiya International Group (BIYA) shares more than doubled after the company announced a $1 million investment in Binance Coin (BNB) and the launch of a 'Binance Plan' following a public vote.
Micron Stock Slips as DRAM Production Milestone Highlights AI Demand
Micron shares dipped 1.46% to $751.00 Friday after the company began 1-alpha DRAM production in Virginia, a move to boost U.S. semiconductor supply amid volatile memory-chip trade.
POET shares slip despite $400M AI optics funding, dilution fears linger
POET Technologies shares fell 1.55% to $14.59 despite closing a $400M private placement, as dilution worries weighed on the stock.
Joby Aviation Rises 5% as Air-Taxi Milestone Nears
Joby Aviation (JOBY) shares closed up 5% at $10.92 on Friday, driven by optimism around its air-taxi timeline and regulatory progress.
Meta's Forum App Launch Pressures Reddit Stock
Reddit shares fell 5.6% on Friday as Meta launched Forum, a new AI-assisted discussion app. The drop came despite strong Q1 results with revenue up 69%.
Credo Soars on AI Infrastructure Deal, Semiconductor Rally
Credo shares surged 13% Friday after its active electrical cables were selected for Rebellions' AI cluster, riding a broader semiconductor rally ahead of June 1 earnings.
MARA Holdings Rises on AI Infrastructure Shift Despite Bitcoin Decline
MARA Holdings shares climbed 3.25% to $13.99 on Friday, outperforming a falling bitcoin, as investors weigh the company's strategic shift toward AI and data-center infrastructure.
Keel Infrastructure Hits 52-Week High Following AI Data Center Pivot
Keel Infrastructure shares hit a 52-week high of $5.03 on Friday after the company rebranded from Bitfarms and shifted focus to AI data-center infrastructure.
HPE Stock Surges as AI Demand Drives Hardware Rally Ahead of Earnings
HPE shares surged nearly 10% on Friday, leading a rally in hardware and networking stocks as analysts cite strong AI demand ahead of the company's June 1 earnings call.