Micron Technology Inc
Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated
After a quarter where Nvidia’s sales nearly doubled, investors and analysts are wondering how long the chipmaker can keep this kind of growth going now that it has a $140 billion annual revenue run rate. Those hopes fall on Blackwell, which is Nvidia’s name for a family of server products based around its next-generation AI […]
Read More
U.S. finalizes $6.6 billion chips award for TSMC ahead of Trump return
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images The U.S. Commerce Department said Friday it has finalized a $6.6 billion government subsidy for Taiwan Semiconductor Manufacturing […]
Read More
Japan is ramping up efforts to revive its once dominant chip industry
Japan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector. Thicha Studio | Istock | Getty Images Japan has announced a new plan to revitalize the country’s semiconductor and artificial intelligence industries as it works to regain its chip leadership. The proposal […]
Read More
One week later – A look at the Trump trades gaining momentum and those that are fading
It’s a good time to check in on how the ‘Trump trade’ is doing. The stock market rallied to fresh records after Donald Trump was declared the next U.S. president, with investors betting that his vow to cut taxes and loosen regulation weill foster dealmaking, stimulate the economy and support risk assets. The S & […]
Read More
How Samsung fell behind in the AI boom leading to a $126 billion wipeout
A Samsung Electronics Co. 12-layer HBM3E, top, and other DDR modules arranged in Seoul, South Korea, on Thursday, April 4, 2024. SeongJoon Cho | Bloomberg | Getty Images Samsung Electronics was once the dominant player in a type of semiconductor known as memory, putting it in a great position to capitalize on the boom of […]
Read More
Harris defends CHIPS Act after House Speaker Johnson suggests GOP would try to repeal law
Speaker of the House Mike Johnson and Vice President Kamala Harris stand in the House of Representatives ahead of US President Joe Biden’s third State of the Union address to a joint session of Congress in the US Capitol in Washington, DC, USA, 07 March 2024. SHAWN THEW/Pool via REUTERS Shawn Thew | Via Reuters […]
Read More
Stocks making the biggest moves midday: Nvidia, Travelers, Blackstone, Uber and more
Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 12% after the company, which is the world’s largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong artificial intelligence-related demand. Shares of chip giants Nvidia and Micron each rose about 3% […]
Read More
Harris enters the homestretch riding a once-in-a-generation economic upswing
The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the end of an extremely close presidential race between Vice President Kamala Harris and former President Donald Trump, and while voters say the economy is a top priority. Nonfarm payrolls added 254,000 jobs in September, while […]
Read More
India to fabricate its first chip in two years as Nvidia, AMD and Micron pledge to expand to the country
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. Thierry Monasse | Getty Images […]
Read More
CNBC Daily Open: More all-time highs? Yes please
Traders work on the floor of the NYSE. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today All-time high, […]
Read More