Articles by Sarah Chen
XRP Retreats to $1.38 Amid Broad Crypto Selloff Despite ETF Inflows
XRP slid to $1.38 on Monday, down 2.29%, as a broad crypto selloff erased gains from last week. Despite $60.5M in spot ETF inflows, the token extended losses, with traders watching Fed minutes and US crypto legislation.
Bitcoin Slides Below $77K as Rising Bond Yields and Oil Prices Squeeze Crypto Markets
Bitcoin dropped to $76,753 on Monday, pressured by higher bond yields, rising oil prices, and $661 million in forced liquidations. The Federal Reserve's meeting minutes are next.
ServiceNow Pre-Market Focus: AI Hype vs. Margin Reality
ServiceNow shares surged 5% Friday to $95.07, but remain 55% below their 52-week high. Investors are weighing new AI product launches against margin concerns and deal delays.
GCT Semiconductor Surges Premarket on Revenue Surge and 5G Chipset Growth
GCT Semiconductor shares jumped 14.21% in premarket Monday after a 287.1% revenue surge and 58% sequential growth in 5G chipset shipments, though the company faces financing challenges.
Rigetti Computing Shares Slide 7.4% as Quantum Sector Sells Off
Rigetti stock dropped 7.4% to $17.85 Friday as quantum stocks sold off. Q1 revenue of $4.4 million and a $26 million operating loss were reported.
Super Micro Stock Slides 6% as Focus Shifts to Monday's J.P. Morgan Conference
Super Micro Computer shares dropped 6% to close at $31.04, extending losses since May 8. The company reported $10.24 billion in March-quarter sales, missing estimates, with a 9.9% gross margin and $6.6 billion operating cash outflow.
AMD Stock Retreats After Record Rally, Focus Shifts to AI Demand
AMD shares dropped 5.7% to $424.10, capping a 7.6% weekly decline after a record rally. Strong Q1 earnings and raised price targets failed to sustain momentum.
QuantumScape Ends Volatile Week Lower; Focus on Eagle Line Progress
QuantumScape shares fell 6.9% Friday to $8.01 but still gained 6.6% for the week. The pre-revenue solid-state battery company reported a Q1 loss and highlighted Eagle Line production.
Palantir's Upbeat Forecast Fails to Lift Stock as AI Rally Stalls
Palantir closed at $133.99 on Friday, down 2.8% from May 8, despite raising its 2026 revenue outlook. The Nasdaq ended a six-week rally as oil and yields weighed on AI stocks.
ServiceNow Gains Ahead of Key Week After Debt Sale and AI Focus
ServiceNow shares rose 5.05% to $95.07, outperforming major indexes, after completing a $4 billion debt offering to fund its Armis acquisition.
