Articles by Sarah Chen
Marvell Technology Surges 9% on New AI Switch Chip and Strong Outlook
Marvell Technology shares surged 9% to $223.36 after unveiling the Teralynx T100 switch chip for AI data centers. Fiscal Q1 revenue hit $2.418B, up 28%, with Q2 guidance of $2.70B.
SanDisk Surges as Wall Street Lifts Target to $3,250 on AI-Driven NAND Demand
Susquehanna boosted its SanDisk price target to $3,250, reflecting surging AI-driven demand for NAND memory. The company reported Q3 revenue of $5.95B, up 251%, and signed $42B in minimum revenue contracts.
Twilio Shares Jump 14.7% on Raised Outlook, AI-Driven Growth
Twilio shares surged 14.7% to $218.75 after raising its 2026 outlook and reporting Q1 revenue up 20% to $1.41 billion, driven by AI demand and gross-profit growth.
Oracle Soars on AI Cloud Demand and Record Backlog
Oracle shares jumped over 8% to $244.73 after strong Q3 earnings and a 44% cloud revenue surge. The company's backlog soared 325% to $553 billion, but a $1.07 billion put position signals caution.
MARA Stock Rises as Bitcoin Slips; AI Infrastructure Bet Gains Traction
MARA Holdings stock gained 4% to $14.95, diverging from bitcoin's decline, as the company's strategic shift toward AI-powered data infrastructure through a $1.5 billion acquisition captures market attention.
BlackBerry shares surge as QNX robotics bet gains momentum
BlackBerry shares jumped 7.8% to $9.70 in New York, reaching a 52-week high in Toronto, fueled by QNX's 20% revenue growth and a $950 million royalty backlog.
Rigetti Computing Gains on Quantum Error Correction Breakthrough and CHIPS Act Funding
Rigetti Computing shares rose 3.4% after a quantum error-correction paper was published and the company secured up to $100 million in CHIPS Act funding.
Sphere 3D Soars 57% After Completing Cathedra Bitcoin Merger
Sphere 3D shares jumped 57% after finalizing its merger with Cathedra Bitcoin, forming a larger digital infrastructure company with 53 MW online capacity and 1.2 EH/s hash rate. The stock traded at $2.99 on heavy volume, though Q1 revenue fell to $1.9 million with a $4.1 million net loss.