Articles by Sarah Chen
IREN Secures $3.65B GPU Financing for Microsoft AI Deal
IREN shares slipped 0.7% premarket to $63.54 after securing $3.65B in GPU-backed debt to fund its Microsoft AI contract, aiming for $4.4B ARR.
France Secures €93 Billion in AI and Industrial Investment at Choose France Summit
SoftBank leads €93 billion in corporate pledges at the Choose France summit, with plans for major AI data centres in northern France, as the country positions itself as a European AI hub.
CoreWeave Shares Surge Premarket on Index Inclusion and AI Deal
CoreWeave shares surged 5.65% premarket after a preliminary Russell 3000 index addition and a $20 million AI-inference funding round backed by CoreWeave.
Super Micro Gains on New Nvidia AI Blueprints, Analyst Price Target Hike
Super Micro Computer shares edged higher after unveiling Nvidia Vera Rubin-based data center designs and receiving a price target increase from Mizuho, though an ongoing board review over export-control matters keeps some investors cautious.
Revolution Medicines Stock Gains Pre-Market on Promising Pancreatic Cancer Data
Revolution Medicines shares gained 1.9% premarket after Phase 3 data showed its experimental pill daraxonrasib nearly doubled median survival in pancreatic cancer to 13.2 months versus 6.7 months for chemotherapy.
IBM's Major Quantum and Security Pledges Propel Stock Higher
IBM shares jumped 12.7% as the company committed $15 billion to quantum computing and open-source security, boosting investor sentiment.
SoFi Gains Premarket as Stablecoin Launch Nears for 15M Users
SoFi Technologies shares rose 2.14% in premarket Monday to $18.61, building on a 17% surge last week driven by excitement over the SoFiUSD stablecoin launch for nearly 15 million members.
Verizon's No-Trade-In Phone Bundles Face Customer Service Challenges
Verizon's new no-trade-in phone bundles aim to drive postpaid growth, but customer reports of two-hour store waits and lower J.D. Power satisfaction ratings highlight service hurdles.
Micron's AI-Driven Surge Puts Rival Samsung Under Pressure
Micron Technology (MU) is riding a wave of AI server demand, nearing a $1.11 trillion market cap. UBS tripled its price target to $1,625, while rivals like Samsung push new HBM chips.