By Arsheeya Bajwa (Reuters) -Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take advantage of a rally in its shares this year. Shares of the Palo Alto, California-based chipmaker surged 12% in extended trading. The company expects $11 […]
A high-ranking Huawei executive has reportedly made a rare admission that China’s ambitious semiconductor efforts may have peaked. On June 9, during the Mobile Computility Network Conference in Suzhou, China, Huawei’s Cloud Services CEO Zhang Ping’an voiced concerns about China’s inability to source 3.5nm chips because of U.S. sanctions. Zhang pointed out that TSMC, based […]
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s May sales rose 30% to NT$229.6 billion ($7.1 billion), helped by booming demand for artificial intelligence and a recovery in some consumer electronics. Most Read from Bloomberg The world’s largest contract chipmaker has benefited from a global race to develop AI services, producing semiconductors for Nvidia Corp. that are […]
Elon Musk recently admitted on X that he delayed a shipment of thousands of Nvidia chips for Tesla. Musk also hopes that Tesla investors will vote to reinstate his massive stock options package. Several Tesla shareholders who have urged against the pay package say he still doesn’t deserve it. Several institutional shareholders of Tesla told […]
Intel CEO Pat Gelsinger told Tom’s Hardware during a question and answer session at Computex 2024 that China must make its own processors if U.S. sanctions on the latest American-made AI chips become too restrictive. Gelsinger advocated for strong restrictions on manufacturing technology, pointing to the restrictions on EUV lithography technology as a key cutoff […]
Qualcomm CEO Cristiano Amon held a question-and-answer session with the press here at Computex 2024 in Taipei, Taiwan, as the company drives home its go-to-market message around its Snapdragon X Elite processors and celebrates its ecosystem of partners. I asked Amon what he thinks about Arm CEO Rene Haas’s recent statement that he expects Arm […]
(Bloomberg) — Elon Musk confirmed he diverted artificial intelligence chips away from Tesla Inc. to his X Corp. and xAI Corp. ventures, offering explanations both for the redirected shipment and internal Nvidia Corp. emails casting doubt on the carmaker’s procurement plans. Most Read from Bloomberg In a series of posts Tuesday on X, Musk wrote […]
(Bloomberg) — Samsung Electronics Co. shares rose after Nvidia Corp. said it is working to certify the company’s high-bandwidth memory chips, a critical step that would allow the Korean company to capitalize on booming demand for AI technologies. Most Read from Bloomberg The stock gained as much as 3.6% in early Wednesday trading in Seoul. […]
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. CrowdStrike (CRWD) and Hewlett Packard Enterprise (HPE) headlined earnings late. X The ISM services index is on tap Wednesday morning as markets fear that U.S. and global economic growth is slowing too much. The stock market rally had a mixed session […]
(Bloomberg) — Elon Musk confirmed he diverted artificial intelligence chips away from Tesla Inc. to his X Corp. and xAI Corp. ventures, offering explanations both for the redirected shipment and internal Nvidia Corp. emails casting doubt on the carmaker’s procurement plans. Most Read from Bloomberg In a series of posts Tuesday on X, Musk wrote […]
Nvidia, AMD Chips To Get Dearer as Taiwan Semi Eyes AI Chip Price Hike Chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Qualcomm Inc (NASDAQ:QCOM), Micron Technology, Inc (NASDAQ:MU) and Arm Holdings Plc (NASDAQ:ARM) were trading lower Tuesday amid reports of Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) plans to boost the price of […]
On today’s episode of the Morning Brief, co-hosts Madison Mills and Brad Smith explore the AI chip race, Roaring Kitty’s potential E-Trade ban, and trending tickers. The show then delves into the stock reactions of names such as Bath & Body Works (BBWI), Boeing (BA), and Stanley Black & Decker (SWK). Yahoo Finance’s Ines Ferré […]