Articles by Sarah Chen
Accuray and UW Madison Forge 10-Year Cancer Research Deal
Accuray and the University of Wisconsin School of Medicine and Public Health have entered a 10-year research agreement focused on the Stellar adaptive radiotherapy platform.
GCT Semiconductor Faces Scrutiny Over 5G Ramp-Up and Cash Concerns
TD Securities reveals a 4.6% beneficial ownership in GCT Semiconductor, primarily via deep out-of-the-money warrants. The company's 5G chipset shipments rose 58% but revenue remains modest, and liquidity concerns persist.
Atlassian Shares Surge on AI Optimism After Figma's Bullish Forecast
Atlassian shares rose 7% Friday, buoyed by renewed AI optimism in software after Figma raised its revenue forecast, highlighting the potential for AI to drive expansion.
Top US Carriers Join Forces for Satellite Network to End Dead Zones
AT&T, Verizon, and T-Mobile announced an unprecedented partnership to create a satellite-based network connecting standard phones directly to satellites, aiming to eliminate wireless dead zones across the U.S.
UiPath Stock Jumps on AI Agent Hackathon Launch Ahead of Earnings
UiPath shares jumped 7.4% to $10.39 after launching a global hackathon for its new coding-agent platform. Trading volume spiked with heavy call option activity ahead of May 28 earnings.
Aurora Innovation's Autonomous Trucking Ambitions Face Real-World Test with Volvo-DSV Texas Launch
Volvo and DSV launch commercial autonomous freight on the Dallas-Houston route using Aurora's self-driving tech. Aurora reports $1M Q1 revenue and $223M net loss, targeting 200+ driverless trucks by 2026.
MARA Holdings Tumbles as Bitcoin Weakens Ahead of Key Debt Deadline
MARA Holdings shares slid 7.4% to $12.30 as bitcoin declined 3.3%, with a bondholder deadline approaching for its $1.5 billion Long Ridge Energy deal. Q1 revenue fell 18% to $174.6 million, and the company posted a $1.3 billion net loss.
Amazon's AI Shopping Assistant Now Handles Checkout, Stock Dips 1.8%
Amazon launches Alexa for Shopping, an AI assistant that compares products, monitors prices, and automates purchases. Shares fell 1.8% to $262.50.
Bitmine Shares Fall 7.7% as Ethereum Slide Tests Tom Lee's $13.4B Treasury Bet
Bitmine shares slid 7.7% Friday as ether dropped 3.4% to $2,221, testing the company's strategy of holding 4.31% of ETH supply. Peer Bit Digital reported Q1 revenue fell 13.6%.
Apple-OpenAI Partnership Under Legal Strain Ahead of WWDC
OpenAI considers legal action against Apple over their ChatGPT-iPhone partnership, citing unmet integration and subscription goals. Apple's AI plans loom at WWDC starting June 8.
IREN Shares Slide After $3 Billion Convertible Note Sale for AI Pivot
IREN shares fell nearly 7% after closing a $3 billion convertible note sale to finance its transition from bitcoin mining to AI data centers.