Broadcom jumps after locking down Google as a customer for future generations of TPUs
Shares of rose more than 3% in postmarket trading on Monday after its most important customer doubled down on the custom chip specialist’s ability to produce its most valuable commodity. In a filing ...
Memory stocks surge as momentum returns while TurboQuant fears dissipate
US memory stocks are forgetting about a negative catalyst and remembering what it’s like to lead major indexes. Shares of , , , and are soaring in early trading on Monday. Morgan Stanley reiterated i...
Momentum returns to optics stocks as the release valve for AI optimism
Potentially imminent end to the war? Buy optics stocks. Maybe not? Buy optics stocks anyway. Effectively all the juice left in the AI trade is coming from optics (and memory) stocks. And the latter gr...
Data center trade reboots amid Iran relief rally
Memory, networking, chipmaking machinery, semiconductor, and rack-building stocks were all up early Wednesday, in a broad-based reboot of the data center trade on growing optimism about America’s pote...
Intel soars after buying back stake in Irish manufacturing facility
is spending $14.2 billion to take back full ownership of a manufacturing facility in Ireland, the company announced on Wednesday. “The agreement reflects Intel’s continued business momentum underpinne...
Memory stocks bounce as Bernstein analyst calls TurboQuant fears “overdone”
Memory stocks rose Tuesday, after Bernstein analysts called the recent panic over Google’s TurboQuant AI algorithm “overdone.” Bernstein analyst Mark Newman wrote: “[Hard disk drive] and Memory stocks...
CoreWeave jumps after closing unique financing deal to borrow $8.5 billion backed by its chips and Meta’s AI compute purchases
Shares of are spiking on Tuesday after the company announced that it closed an $8.5 billion loan backed by its chips and what is willing to pay to use them. Last September, the neocloud reached an a...
Marvell spikes after Nvidia invests $2 billion in the custom chip maker
Shares of are spiking in premarket trading after announced that it’s investing $2 billion in the custom chip company as part of another strategic partnership. The pact will see Marvell “provide cust...
Memory, optical, and AI-construction stocks dive as embattled SaaS stocks rebound
Memory stocks sank on Monday, continuing a sell-off that began last week with new details about a potentially more memory-efficient AI algorithm from Google Research. , , , and retail favorite all t...
Sandisk bounces off 50-day moving average amid reprieve for memory stocks
shares bounced off their 50-day moving average Friday, ending a multiday bloodbath for the stock that sent it down as much as 15% from where it closed last week. The worst of the slump came as Google ...
Super Micro drops on shareholder lawsuit alleging securities fraud around China chip smuggling
fell more than 4.5% at one point in premarket trading Thursday on news that shareholders are suing the company, alleging securities fraud after its cofounder and two others were charged with illegally...
Giga Texas transformed the Austin landscape. Elon Musk thinks Terafab could be about 10x the size.
upcoming chip plant , Terafab, is expected to dwarf anything the company has built before. For comparison, its flagship factory, Gigafactory Texas , comprises roughly 10 million square feet across mul...
Sandisk, Micron dive as Google Research unveils AI algorithm to reduce memory demands
This might be an unfortunately memorable day for the memory trade. Memory stocks , , , and sank Wednesday after Google Research group published details of a new algorithm known as TurboQuant.
Chip stocks lifted by Arm’s barn-burner revenue projection hike, Meta deal
Chip stocks rose early after chip design firm announced a massive upgrade to its long-term forecasts for sales at an investor event Tuesday evening, following earlier news that it’s partnering with M...
Arm says its in-house AI chip will generate billions in revenue
British semiconductor firm rose more than 13% in premarket trading after it announced Tuesday evening that it would create a new AI chip in partnership with , which its CEO says should lead to a boom...
Meta and Arm team up to build a new class of data center chips
The AI boom was powered by companies training models using GPUs. But now as the field enters the age of inference, the humble CPU may be reclaiming its place in the spotlight. Today announced a part...
Musk’s Terafab might be his most technically difficult challenge yet
Elon Musk likes to do hard things. Electric cars, reusable rockets, massive data centers, robots — all considered insanely difficult challenges that his businesses have (at least partially) pulled off...
What we know about Tesla’s Terafab, the “most epic chip-building exercise in history by far”
With Terafab project, the company is stepping into uncharted territory. Not only is it planning what could be the largest semiconductor fabrication plant in the world , it’s doing so with virtually n...
Tesla and SpaceX to jointly run “most epic chip-building exercise in history by far”
In the latest instance that Elon Musk views and SpaceX as effectively one company, the CEO of both announced Saturday that the two firms will join forces on his Terafab project — what Musk says will ...
Chip-smuggling charges against Super Micro cofounder boost rival server maker Dell
is up in early Friday trading after rival plunged on news that one of its cofounders had been charged by US prosecutors with allegedly illegally smuggling AI chips to China .