CoreWeave jumps on partnership with AI model developer Poolside
Neocloud company is surging after it announced a partnership with Poolside to provide more than 40,000 Nvidia GPUs to bolster the development of Poolside’s AI models while also serving as the anchor ...
POET Technologies CEO Dr. Suresh Venkatesan on the “sweet spot” for the optical communications company in the AI boom
In the AI boom, everyone knows the big players: your trillion-dollar hyperscalers and chip designers, as well as the private market giants playing a starring role in the build-out and deployment of th...
ASML rises after Q3 bookings came in 10% ahead of estimates, offsetting a weak outlook in its China business
shares are up over 4% in European trading on Wednesday after the Dutch semiconductor equipment maker reported 5.4 billion euros ($6.3 billion) in bookings in the third quarter, roughly ~10% ahead of t...
AMD jumps after reaching deal to deploy 50,000 AI chips in data centers run by Oracle
is jumping (again) in premarket trading after said it will deploy 50,000 AMD AI chips in its data centers starting in the second half of 2026. Financial terms of the agreement were not disclosed. One...
Navitas Semiconductor spikes after unveiling products “purpose-built” for Nvidia’s upcoming data center architecture
Shares of tiny chip firm are spiking after management unveiled products “purpose-built for 800 VDC AI factory architecture, delivering breakthrough efficiency, power density, and performance.” Nvidi...
Micron jumps after rare double upgrade by BNP Paribas Exane, which lifts price target to Street high of $270
, the best-performing member of the this year, is jumping on Monday thanks to converting its biggest doubter on Wall Street into its biggest fan. BNP Paribas Exane analyst Karl Ackerman went through ...
Broadcom soars after announcing deal with OpenAI to deploy 10 gigawatts of AI accelerators starting next year
is spiking in early trading after the chip designer announced that it’s collaborating with OpenAI to develop and deploy 10 gigawatts of custom AI accelerators for use across data centers. The companie...
China steps up customs crackdown on Nvidia chips, launches antitrust investigation into Qualcomm, and plans special port fees on US ships
For months now, China has been getting increasingly defensive over its domestic industries, particularly the all-important AI hardware space. This morning, we got the latest measures from those contin...
Nvidia’s Jensen Huang throws shade at OpenAI-AMD deal
In an interview on CNBC yesterday, CEO Jensen Huang threw some shade at the recently announced megadeal between competitor and its partner, OpenAI. The unusual deal calls for AMD to sell multiple ge...
Nvidia reportedly receives US government approval to ship some AI chips to the UAE
Nvidia has received the all clear from the US Commerce Department to start sending its powerful AI semiconductors to the United Arab Emirates, per Bloomberg. These shipments are part of the “Stargate ...
Why Wall Street is unbothered by any margin weakness in Oracle’s GPU rental business
When reached a megadeal with OpenAI at the start of the week, Wall Street went bananas and the shares did too, with more than 20 analysts raising their price targets in the 24 hours following the ann...
Semiconductor equipment stocks slump after US House committee slams their sales to China and recommends more export curbs
Semiconductor equipment stocks came under pressure Wednesday morning after a House committee “uncovered alarming new information revealing that companies in America and allied nations — including in ...
Oracle tumbles after report that it’s lost nearly $100 million from renting out access to Nvidia’s Blackwell chips
You buy flagship chips because they’re supposed to be best in class, empowering you to build better AI capabilities or make lots of money off other companies that want to harness the power of the AI ...
AMD soars again after getting more than 20 price target hikes across Wall Street following its deal with OpenAI
Over the past 24 hours, Wall Street has been scrambling to revise its view on how high shares of can climb in the wake of its recently announced megadeal with OpenAI . While the terms of the arrangem...
IREN jumps after announcing multiyear cloud services contracts with “leading AI companies”
shares soared in early trading for a second day after the bitcoin miner and AI compute provider issued a press release announcing new multiyear deals with “leading AI clients” to put its GPUs to work...
Amkor rises after breaking ground on its new semiconductor packaging campus in Arizona, while increasing investment in the project to $7 billion
Amkor Technology Inc. soared in after-hours trading on Monday after announcing that it was breaking ground on its semiconductor advanced packaging and test plant in Arizona, while also increasing the ...
Musk’s xAI spending $18 billion for another 300,000 Nvidia GPUs for “Colossus 2”
Elon Musk’s xAI is racing to finish its “Colossus 2” AI data center in Tennessee, and will need to spend at least $18 billion for the remaining 300,000 GPUs, according to a report from The Wall Stree...
OpenAI-AMD pact adds fuel to boom, boosting AI stocks
The news of the day — OpenAI’s megadeal with that will see the former purchase tens of billions’ worth of AI GPUs and receive up to a 10% equity stake in the latter — is cascading out through markets,...
AMD soars after striking megadeal with OpenAI that “is expected to deliver tens of billions of dollars in revenue”
OpenAI’s cash burn makes the investing world go ’round, and today, makes shares of go way up. The chip designer is surging after being the latest to strike a pact with the Sam Altman-led venture to a...
Applied Materials slumps after forecasting $600 million fiscal 2026 revenue hit from export curbs
is down 3% in early trading after the semiconductor machinery maker said revenues could take a $600 million hit in the next fiscal year, on the back of widening chip export restrictions. Per the compa...