Articles by Sarah Chen
Xos Shares Skyrocket 219% on AI Data Center Power Hub Launch
Xos shares jumped 219% premarket to $7.12 after unveiling a 2.5MWh Power Hub for data centers, tapping into the AI power demand surge. However, the company's latest 10-Q warns of going-concern risk with only $9.8M cash.
IREN Surges on $3.65B GPU Deal and 800MW Australian Data Center
IREN shares climbed to $66.60 premarket on news of an 800 MW Australian data-center plan and a $3.65 billion GPU financing deal for its Microsoft contract. Canaccord raised its target to $79.
Legend Biotech Surges 42% on Promising Early CAR-T Data
Legend Biotech shares surged 42% after early Phase 1 data showed all six high-dose patients with relapsed B-cell non-Hodgkin lymphoma responded to its in vivo CAR-T therapy, with five achieving complete responses.
Palo Alto Networks Dips Despite AI Security Revenue Surge
Palo Alto Networks shares slipped in premarket trading despite a 31% revenue increase to $3.0 billion and raised full-year guidance, as investors weigh whether AI-driven growth is already reflected in the stock price.
Super Micro Jumps 7% on $2B India AI Deal, Strong Server Demand
Super Micro Computer surged 7% to $50.17 after a $2 billion AI infrastructure deal in India and strong AI server demand signaled by rivals' results. Investors face risks from rising costs, competition, and legal scrutiny.
NuScale Shares Jump 8% as Board Adds Nuclear Regulator, Mining Executive
NuScale shares rose 8% to $13.95 after adding ex-NRC chair Dale Klein and mining executive Stuart Harshaw to its board, as the SMR company works to land financed deals.
Nokia Hits New 52-Week High on AI Optimism, But Valuation Concerns Mount
Nokia shares reached a new 52-week high of €14.75, fueled by AI-driven growth and a 54% jump in Q1 operating profit. Yet, the stock's forward P/E has doubled to 36, raising concerns about valuation relative to AI's small contribution to sales.
Rigetti Stock Rises 4.9% Amid Insider Sales and $100M Commerce Department Proposal
Rigetti Computing shares rose 4.9% to $26.88, boosting market cap to $9.0B, as insider filings showed CEO and CTO sold shares. A proposed $100M Commerce Department deal could speed R&D but may dilute shareholders.
SoFi's AI Coach Launch Fails to Lift Premarket Shares as Growth Debate Intensifies
SoFi shares slipped 0.9% premarket after launching an AI financial coach, as investors weigh record Q1 growth against unchanged 2026 guidance and credit risks.
Intel Faces Market Test After Computex AI Push
Intel shares fell 1.3% to $107.93 in premarket trading after Computex, as the company pitched its AI inference and agentic AI strategy amid fierce competition.
BlackBerry Stock Hits 52-Week High on QNX Optimism
BlackBerry shares hit a 52-week high after CFO Tim Foote declared the turnaround complete, with QNX driving growth. Earnings on June 25 will test revenue gains.
Marvell Hits Record as Huang's Praise Fuels AI Chip Rally
Marvell Technology shares surged 32.5% to a record after Nvidia CEO Jensen Huang called it the next trillion-dollar company, driving a broader chip rally. The stock now trades near 100 times earnings, with high expectations for AI-driven growth.