Articles by Sarah Chen
GCT Semiconductor Soars 41% on 5G Deal and Revenue Surge
GCT Semiconductor shares surged 41% to $2.58 after a 287% revenue jump and a satellite communications deal, though the company faces cash burn and going-concern doubts.
Roblox Rallies 9.6% as Market Weighs Safety Impact, Growth Outlook
Roblox shares jumped 9.6% on Monday, reversing some losses from a month-long slide tied to new child-safety measures. The company cut its 2026 bookings outlook but posted strong Q1 results.
Bitmine Shares Slide 7.5% as Ethereum Holdings Rise Amid Price Drop
Bitmine shares dropped 7.5% Monday as the company reported ETH holdings rose to 5.28 million tokens, but total crypto assets fell to $12.6B due to Ether's 4.1% decline.
IREN Shares Slide 7% Following Costly AI Infrastructure Expansion
IREN shares dropped 7.2% to $49.15 after acquiring Awaken and completing a $3B note sale for AI infrastructure, with revenue declining and net loss widening.
TSMC Projects $1.5T Semiconductor Market by 2030 as AI Demand Surges
TSMC now expects the global semiconductor market to exceed $1.5 trillion by 2030, fueled by AI. The company also outlined aggressive capacity expansion and advanced packaging milestones.
Intel Edges Higher as AI-Driven Demand Offsets Market Jitters
Intel shares inched up Monday as analysts raised targets and the AI narrative gained traction. Data center revenue surged 22%, but server CPU market share slipped.
Alphabet Stock Gains Ahead of Google I/O; BofA Reaffirms Buy Rating
Alphabet shares rose over 1% Monday, nearing $4.9 trillion market cap, as Bank of America reiterated Buy with $430 target ahead of Google I/O. Analysts highlight AI and cloud momentum but caution on elevated expectations.
ImmunityBio Secures Patents and BCG Supply Deal for Bladder Cancer Therapy
ImmunityBio announced five U.S. patents protecting its Anktiva-plus-BCG bladder cancer therapy through 2035, and an exclusive supply deal for the Tokyo-172 BCG strain.
HIVE Digital Soars on C$3.5B AI Data Center Plan in Toronto
HIVE Digital Technologies shares surged 33% in Nasdaq pre-market after its BUZZ HPC unit unveiled plans for a 320 MW AI infrastructure site near Toronto, with a C$3.5 billion investment target.
Bloom Energy Attracts Institutional Cash on AI Data Center Demand; Scalability Test Looms
World Investment Advisors and other institutions have taken stakes in Bloom Energy as the fuel-cell maker benefits from AI data center power demand. However, the company faces hurdles in scaling and execution.
Crude Surge Puts Ethereum Under Pressure, Lee Warns of Macro Headwinds
Ether fell to ~$2,100 as oil's jump above $100 reignited inflation fears. Fundstrat's Tom Lee flags crude as Ethereum's top headwind, with record negative correlation.
Cisco's AI Surge Lifts Nokia; Earnings Test Looms
Nokia shares rose 1.2% after Cisco's $5.3B AI orders boosted networking stocks. Nokia's Q1 AI/cloud sales jumped 49%, but high valuation and competition keep the bar high.