Nvidia slumps on report of wide-ranging ban on chip sales by Chinese regulators
Here’s the latest sign that China is actively pursuing an Nvidia-less AI boom that puts its domestic capabilities to the test: The Financial Times is reporting that China’s internet regulator has bann...
Intel cuts expense forecast, sees best gain in weeks
shares jumped after the partially nationalized US chip giant snipped its forecast for operating expenses this year to $16.8 billion from $17 billion after finalizing the divestiture of 51% of its stak...
Apple is packing a growing number of self-built custom chips into its gadgets
The sleek industrial design of iPhones and watches was the obvious the star of last week’s product release event. But beneath the ceramic shields, proprietary alloys, and aluminum unibodies, you’ll f...
CoreWeave soars on $6.3 billion cloud computing purchasing agreement with Nvidia
Shares of are flying higher in early trading after the company struck an agreement with Nvidia that will see the chip designer purchase all of CoreWeave’s unused cloud computing capacity through Apri...
Nvidia falls after Chinese regulator said it violated the country’s antitrust laws in 2020 deal
dropped as much as 2.9% in early trading on Monday after China’s State Administration for Market Regulation ruled that the chipmaker violated the country’s antitrust laws after acquiring Mellanox Tech...
Super Micro rises as the company begins shipments of Nvidia Blackwell chips
jumped over 6% in premarket trading on Friday after the company announced it has started shipping “Plug-and-Play (PnP)-ready” racks powered by new Blackwell Ultra chips, giving data center customers ...
Micron surges as Citi boosts price target to $175
is on the move this morning, gapping higher and continuing to trade up double digits after Citi boosted its view on how much the shares can run. Analyst Christopher Danely raised his price target on t...
Data storage is so hot right now
A sharp turnaround in profitability since the end of 2024 has helped ignite shares of data storage giants Seagate Technology and Western Digital this year, putting them among the top performers in the...
OpenAI’s cash burn suggests selling Nvidia because of reported Broadcom chip orders may not make much sense
When announced that it booked $10 billion in new orders from a customer reported to be OpenAI , shares of their major AI chip rivals tanked. The judgement of the Invisible Hand was that this was near...
Broadcom’s post-earnings romp continues on heavy volumes
As enjoys a rush of new orders from a major new customer ( reported to be OpenAI) , it’s also reveling in a flood of traffic into the stock. Volumes are running at 2.5 times their daily average throu...
Nvidia, AMD tumble as Broadcom reportedly secures OpenAI as a major new customer
For the stock market, AI has been the rising tide that lifts any boat that can loosely be seen as flying its colors. But in the genesis of the AI trade this morning — the powerful chip designers of th...
Broadcom rallies on report that OpenAI is the new key customer that’s boosting its 2026 revenue outlook "significantly"
shares were as much as ~9% higher in early trading on Friday after the Financial Times reported that OpenAI is set to produce its first AI chips in partnership with Broadcom — seemingly confirming the...
Broadcom rallies after CEO says 2026 AI revenue outlook will “improve significantly” as the chip designer adds a new major customer
is booming. The chip designer posted a small top and bottom line beat in its fiscal Q3, and the details and its guidance are even more encouraging. Revenues: $15.95 billion (estimate $15.84 billion) A...
Palantir loses crown as top S&P 500 stock this year to Seagate Technology
It’s no surprise to find a dominant player in a crucial technology is atop the S&P 500 leaderboards this year. But it is slightly surprising that the technology in question is the disk drive. , a make...
Texas Instruments tumbles after CFO affirms loss of sales momentum after a rush of buying to beat tariffs
is tumbling after its chief financial officer reiterated that strength in the chipmaker’s sales through April included a rush to beat potential tariffs, and that its momentum has slowed since then. At...
JPMorgan recommends options bet on Broadcom upside ahead of earnings
, the Robin to Nvidia’s Batman, is poised to release its third-quarter earnings after the market closes today. Heading into the report, there’s an appealing setup for a short-term options punt, accord...
Retail traders are buying the dip in Nvidia and selling the rip in Google
As many tech companies hit the skids in the sessions following the release of second-quarter earnings , retail traders stepped up to make their most purchases of US single stocks in two months, per JP...
Google is reportedly pitching its AI chips to data centers
unquestionably dominates the current AI chip market, making the most popular GPUs to train and run today’s AI models.
AI data center trade dented in the first trading session of September
Stocks hitched to the data center boom were key contributors to the market slump Tuesday, with Nvidia and the so-called hyperscalers — , , , and — among the biggest contributors to the downturn in th...
Nvidia falls as the chip designer pushes back against “erroneous chatter” of supply constraints
is dropping amid a broad pullback in the AI trade as the company’s newsroom moves to address some “erroneous chatter in the media.” We've seen erroneous chatter in the media claiming that NVIDIA is su...