Articles by Sarah Chen
Microsoft's LinkedIn to Cut 5% of Workforce Amid Revenue Growth
LinkedIn will lay off about 5% of its staff, affecting marketing, engineering, and product roles, even as the platform reports 12% revenue growth and over 1.3 billion members.
AMD's Small Stake in Marvell Highlights AI Chip Sector's Momentum
AMD disclosed a modest stake in Marvell Technology, valued at $6.49 million in March, now worth ~$11.8 million. The news highlights Marvell's AI data-center focus and analyst optimism.
Nokia Taps Siemens Executive to Lead Mobile Unit as AI Drives Rally
Nokia Oyj hires Siemens executive Emma Falck to head Mobile Infrastructure as Q1 profit surges 54% and AI/cloud sales jump 49%, lifting shares 5.5%.
Antelope Enterprise Soars on Bitcoin Gains and Buyback News
Antelope Enterprise Holdings shares jumped 47.55% to $2.11 Tuesday, extending a rally fueled by Bitcoin gains and a new buyback program.
Rocket Lab Shares Surge to All-Time High as Neutron Rocket Nears Critical Milestones
Rocket Lab shares closed at a record high after Q1 revenue jumped 63.5% to $200.3M, fueled by Neutron rocket orders and defense contracts. The stock has rallied over 40% in two sessions.
Tesla Retreats as China FSD Hopes, Robotaxi Woes, and Inflation Weigh
Tesla shares dropped 2.6% on Tuesday, ending a four-day rally, as China regulatory risks, robotaxi rollout delays, and persistent U.S. inflation weighed on investor sentiment.
Micron Rebounds on AI Demand, China Trade Hopes, and BofA Upgrade
Micron Technology shares rose 5.93% premarket to $812.06 after BofA raised its price target to $950, citing AI-driven memory demand and the CEO joining Trump's China trade delegation.
IREN's $2.6B Convertible Note Sale Puts Nvidia AI Pivot to the Test
IREN upsized its convertible-note offering to $2.6 billion after announcing an AI infrastructure plan with Nvidia. The deal includes a five-year option for Nvidia to buy up to 30 million IREN shares at $70 each.
Ouster Shares Rally on NVIDIA Lidar Qualification, But Valuation Questions Loom
Ouster shares jumped 6.1% in premarket after its Rev8 lidar sensors qualified for NVIDIA's DRIVE Hyperion platform, though no purchase order was announced. Q1 revenue hit $49 million with a net loss of $17.5 million.
Nvidia's Stock Hovers Near Record as Investors Eye China Policy Shift and Earnings
Nvidia shares hover near record highs as CEO Jensen Huang joins Trump's China trip, sparking hopes for renewed H200 AI chip sales. All eyes are on the May 20 earnings report.