Articles by Sarah Chen
BlackBerry Shares Surge on QNX Software Momentum Ahead of Earnings
BlackBerry shares climbed 1.4% to $10.34, approaching a 52-week high, as QNX software gains traction in robotics and physical AI. The next key catalyst is the June 25 earnings report.
ChronoScale Rockets 18% on Tesla Vet's Appointment as CTO
ChronoScale shares jumped 17.8% to $22.43 after naming former Tesla VP Raj Jegannathan as CTO and Lawrence Lam as CPO, signaling a push to scale its AI infrastructure business.
IonQ Shares Dip as Quantinuum IPO Sets New Quantum Valuation Benchmark
IonQ shares slipped 1.4% after Quantinuum's Nasdaq debut at $68 per share, valuing the Honeywell-backed quantum firm at $17.6 billion and offering a fresh benchmark for the sector.
Palantir Shares Slip Despite New Google Cloud Deal and Commercial Wins
Palantir shares declined 0.9% to $140.89, reversing early gains, as investors weigh the impact of new Google Cloud and commercial deals against ongoing valuation sensitivity and regulatory risks.
Reddit Rallies on Ad Tool Upgrades and Analyst Endorsement
Reddit shares jumped 6.3% on Thursday after Loop Capital reiterated a Buy rating and investors reacted to new automated app-ad tools.
Recursion Stock Surges Ahead of Goldman Sachs Conference Amid AI Drug Discovery Buzz
Recursion shares surged 12% to $3.87 on heavy volume ahead of a Goldman Sachs conference, as investors await updates on clinical trials, cash runway, and partnerships amid a broader AI drug-discovery rally.
BitMine Stock Rises on 9.5% Preferred Share Offering Amid Ether Volatility
BitMine Immersion Technologies shares rose after announcing a 9.5% perpetual preferred stock offering, as the company seeks capital to expand its ether treasury amid falling ETH prices.
CXApp Surges 75% on AI Acquisition, Raises Dilution Concerns
CXApp stock surged 75% following the $4.6 million acquisition of AI firm EngineRoom, which is expected to lift annualized revenue to $12 million. A concurrent share issuance to Avondale Capital flagged dilution risks.
Solidion Rockets on Space Battery News Despite Cash Crunch
Solidion shares soared 361% after announcing a battery platform for space and AI data centers, yet the company has no customer orders, minimal cash, and a going-concern warning.
Broadcom's AI Chip Miss Casts Doubt on Nvidia's Growth Trajectory
Broadcom's AI chip miss dragged Nvidia shares lower, as investors question whether Nvidia can sustain its rapid growth amid sky-high expectations.