Bank of America thinks these chip stocks can rally, even as investors grow increasingly concerned with rising inflation and ongoing supply chain bottlenecks.
Source
‘MANGO:’ Bank of America thinks these chip stocks can do well despite investor concerns
Technology
Cohere to acquire German AI company Aleph Alpha as it looks to expand in Europe
Canadian AI lab Cohere announced on Friday that it planned to acquire German AI company Aleph Alpha, as it eyed major expansion in Europe. As part of the deal, Schwarz Group — a key backer of Aleph Alpha — plans to invest $600 million in Cohere’s upcoming Series E round. The company expects to close […]
Read More
Technology
TSMC shares jump to record high as Taiwan eases single-stock investment caps for funds
TSMC CoWoS chips: Sample microchips packaged using CoWoS at TSMC’s offices in San Jose, California, shown to CNBC on February 20, 2026. CNBC Shares in Taiwan Semiconductor Manufacturing Co. surged 5% to a fresh all-time high on Friday after the island’s regulator said it plans to loosen limits on funds’ allocations to single stocks. Under […]
Read More
Technology
Alibaba’s Qwen AI is coming to cars, allowing drivers order food and book hotels by voice
Audi’s electric SUV, the E7X, will begin presales on May 8. The vehicle will incorporate AI features from ByteDance’s Doubao and iFlyTek. Evelyn Cheng | CNBC BEIJING — Chinese tech giant Alibaba said Friday that its Qwen artificial intelligence model will be integrated into vehicles from automakers including BYD and a local joint venture of […]
Read More