Articles by Sarah Chen
Nvidia Targets China Market with Vera CPU Launch Amid AI Rally
Nvidia shares gained 2.22% to $204.87 after Reuters reported it is offering its new Vera CPUs to Chinese customers, with availability as early as August. The broader semiconductor index surged 7.91%.
Intel Soars 9% on BofA Upgrade and AI Demand Surge
Intel shares surged 9.27% after Bank of America upgraded the stock to Buy, citing strong AI and foundry prospects. A reported Google order for 3 million chips added to the rally.
PATH Stock Slides Despite Strong Q1, Analyst Caution Persists
UiPath shares dropped 0.84% to $10.65 on June 11, underperforming a surging tech market, despite strong Q1 revenue growth and first-time GAAP profitability.
Keel Infrastructure Rallies on Closing $458M AI Data Center Financing
Keel Infrastructure Corp. shares surged 5.14% after closing $458 million in convertible notes to accelerate AI and high-performance computing data center projects.
AST SpaceMobile Soars on Confirmed BlueBird Launch Date
AST SpaceMobile shares jumped 11.73% to $97.56 after confirming BlueBird satellites 8, 9, and 10 will launch June 17, targeting higher data speeds and expanding its satellite-to-smartphone broadband network.
Sandisk Hits Record High on AI Memory Boom, Soars 14.5%
Sandisk shares jumped 14.5% to a 52-week high of $1,895.00, fueled by a 251% year-over-year revenue surge and strong guidance for Q4 revenue of $7.75-$8.25 billion.
Marvell Technology Surges 11% on S&P 500 Inclusion, CFO Change, AI Growth
Marvell Technology shares soared 11% as the company announced a CFO change, reaffirmed Q2 outlook, and highlighted its upcoming S&P 500 inclusion and booming AI data-center revenue.
Micron Jumps 12% as AI Memory Optimism Returns Ahead of Earnings
Micron Technology soared 11.66% to $995.87, boosting its market cap to $1.14 trillion, as analyst upgrades and AI memory pricing hopes fueled a rebound ahead of June 24 earnings.
Super Micro Shares Surge 9% After $7 Billion AI Server Financing
Super Micro shares rose 9.2% to $31.97 after pricing $7 billion in equity and equity-linked offerings to fund components for about $39 billion in AI server orders, though the company warned these orders are not firm commitments.
Bitmine Stock Climbs After Preferred Share Sale, Ethereum Accumulation
Bitmine Immersion Technologies shares gained 5.6% to $16.52 after closing a $273.8M preferred stock sale, with proceeds likely for Ethereum purchases and staking. The firm now holds 5.54M ETH, or 4.59% of total supply.
Nvidia Stock Surges on $10 Billion AI Infrastructure Venture Backed by KKR
Nvidia (NVDA) jumped 2.2% on news of a $10 billion AI infrastructure deal, reinforcing its central role in the AI buildout.
AMD Rallies on BofA's Bullish AI CPU Outlook and Upcoming Event
AMD shares surged 8% after Bank of America lifted its price target to $560 and raised the 2030 server CPU market forecast to $170B, driven by agentic AI demand. The July Advancing AI event is now a key catalyst.