Intel Corp
Nvidia rebounds after TSMC says AI chip demand remains strong
Nvidia CEO Jensen Huang delivers a keynote address during the Nvidia GTC Conference at the SAP Center in San Jose, California, on March 18, 2024. Justin Sullivan | Getty Images Nvidia shares rose about 3% during trading on Thursday, rebounding one day after the stock plunged 7% on geopolitical concerns sparked by comments from U.S. […]
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TSMC second-quarter profit beats expectations as AI chip boom continues
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge. Here are TSMC’s second-quarter results versus LSEG consensus […]
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With AI-associated shares in the spotlight, listed here are the leading analyst phone calls this week
Immediately after the Nasdaq Composite missing pretty much 2% on Thursda y, synthetic intelligence-related stocks are again in the highlight, with investors questioning whether their recent rally will keep on. The decline in tech and AI stocks will come immediately after a seemingly unstoppable rise as the buzz close to the opportunity for AI continued […]
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JPMorgan is bullish on this Southeast Asian country, cites opportunities in data centers
NEW YORK, NEW YORK – MAY 26: The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City. Michael M. Santiago | Getty Images Data centers have been widely talked about and Malaysia is emerging as an attractive investment opportunity offering different sectors and ideas to play, according […]
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Stocks making the biggest moves premarket: Chemours, Intel, BP and more
Check out the companies making headlines before the bell. Chemours — The chemical company added about 3% after UBS upgraded the company to buy from neutral, saying the stock could outperform as refrigerants see favorable demand and price drivers heading into next year. Nvidia — Shares rose more than 1% after KeyBanc hiked its price […]
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Biden revoked 8 licenses for China’s Huawei in 2024, document displays
The Biden administration has revoked 8 licenses this 12 months that had allowed some firms to ship merchandise to Chinese telecoms gear big Huawei, in accordance to a document first described by Reuters, as it seeks to stress the resurgent firm. Marko Djurica | Reuters The Biden administration has revoked eight licenses this year that had permitted some corporations to ship […]
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Democrats inquire Raimondo to move up enforcement on CHIPS funding
U.S. Secretary of Commerce Gina Raimondo testifies all through the Dwelling Science, House and Know-how Committee hearing titled “Chips on the Desk: A a person year critique of the CHIPS and Science Act,” in the Rayburn Constructing in Washington, D.C., on Sept. 19, 2023. Tom Williams | Cq-roll Simply call, Inc. | Getty Photos WASHINGTON […]
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U.S. chip curbs in Middle East just ‘business as common,’ Ooredoo CEO claims immediately after Nvidia offer
Jakub Porzyck | Nurphoto | Getty Photographs Qatari telecoms supplier Ooredoo informed CNBC Wednesday that its new tie-up with Nvidia is compliant of all U.S. polices and will however make it possible for it to have obtain to the most up-to-date technologies. Ooredoo previously this week signed a partnership with Nvidia, marking the chipmaker’s first […]
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Tech giants bet next-generation optical networks will reduce AI’s climate impact, aid 6G transition
Fast adoption of e-commerce, online streaming media, and workplace productivity tools — particularly during the Covid pandemic — has massive strain on current-day telecom networks. Nurphoto | Getty Images Some of the world’s largest tech firms are backing a new kind of telecoms network which they say will help reduce overall power consumption of data-hungry […]
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Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
Nvidia CEO Jensen Huang makes a speech at an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Ann Wang | Reuters Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand. They’re are also four of the world’s five most valuable companies. […]
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