Broadcom joins $1 trillion club as AI revenues spike 220%
Chipmaker Broadcom is booming on Friday after the company posted larger-than-expected quarterly profits and a massive surge in its AI business. The near 20% jump pushed shares above $1 trillion in ma...
SuperMicro’s CEO “confident” company won’t get delisted
Traders were unimpressed with CEO Charles Liang’s assertion that that he was “confident” the company’s shares won’t be delisted from the Nasdaq exchange for a failure to disclose financials. Liang sp...
Apple is working on its own chip with Broadcom
is working on building its own AI chip — a key building block for artificial intelligence — with , The Information is reporting . The news comes just a week after fleshed out plans for its own AI chip...
Thailand taps Nvidia to build its sovereign AI
Nvidia CEO Jensen Huang has convinced another country to use his company’s chips to power its “ sovereign AI ” ambitions. Thailand’s Siam.AI Cloud, a cloud-computing company based in Bangkok, will hos...
xAI planning to 10x its “Colossus” supercluster
Not content with already having the largest supercomputing cluster in the world, Elon Musk’s xAI is planning on scaling up its “Colossus” supercomputer from 100,000 GPUs to 1 million of the expensive...
Amazon’s AI plans: custom chips, an Anthropic “ultracluster,” and its own foundation model
This week at AWS re:Invent conference in Las Vegas, the company fleshed out its plans to both serve and compete with the larger AI industry. AWS is largely AI agnostic. Customers can use pretty much ...
Meet the new AI winners as investors flip from semiconductors to software
Software is back to eating the world — with a big assist from crypto. The tech-heavy Nasdaq 100 has marginally outperformed the S&P 500 since the US election, even as semiconductor stocks have barely ...
Semiconductor surge sends US stocks higher
The S&P 500 gained 0.2%, the Nasdaq 100 rallied 1.1%, and the Russell 2000 eked out a 0.1% advance on Monday. Only 180 S&P 500 constituents rose, and many sector ETFs like utilities, real estate, and ...
Intel bounces as CEO leaves
Shares of are up after chief executive Patrick Gelsinger’s retirement was announced , ending a nearly four-year run as top executive in which he conclusively turned around a decades-long decline at t...
Nvidia exceeds Wall Street’s expectations, but not its dreams
The only thing higher than Nvidia’s earnings growth? What its earnings growth used to be. And, apparently, Wall Street’s unspoken expectations. In the wake of a strong quarterly report, the stock is t...
Nvidia earnings are going to have to rise above already soaring expectation
As Luke mentioned , earnings report after the close of trading Wednesday represents one of last big hurdles the market faces as the end of 2024 rapidly approaches. At this point, the company’s domina...
Nvidia’s beaten earnings seven quarters in a row — can it make it eight?
It’s all eyes on Nvidia today, as traders position themselves ahead of the company’s Q3 FY25 results, expected after the close, which — as Luke Kawa pointed out — is really the only major market event...
Nvidia’s earnings report is the biggest market event left in 2024
Nvidia isn’t the best-performing stock in the S&P 500 this year, but it is the most important driver of the US benchmark index’s massive gains. The chip designer singlehandedly accounts for about 23% ...
S&P 500 slides as chip stocks crumble
The S&P 500 sank 1.3% amid a rout in chip stocks . The benchmark US stock index suffered its worst weekly loss since September, closing near the level it opened the morning after President-elect Donal...
Chip stocks are collapsing. Can Nvidia’s earnings save them?
The AI semiconductor trade has become a one-legged stool. And we’re a couple days away from seeing if that leg can support the weight of the entire market. Chip stocks came under significant pressure ...
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“Snacks Mix”: crypto craziness, AI chip battles, and more
Nia Warfield and Jack Raines run through this week’s market maze as crypto goes crazy, the reckoning over mass deportation begins, and an AI-chip war looms. The story that everyone is talking about: ...
Arm, the stock, has outpaced Arm, the business
Two stocks that have done really well over the last year are chipmakers and . Nvidia’s stock price has climbed an impressive 221.53% since November 2023, while Arm, which went public in September 202...
Super Micro tumbles on lower guidance, further delay in filing
The embattled semiconductor company cut guidance for its first-quarter earnings and said that it “remains unable at this time to predict” when it will be able to file its annual report. Shares of Sup...
Nvidia overtakes Apple to once again become the most valuable US company
has reclaimed its position as the most valuable US company by market capitalization. The chip designer powering the AI boom gained 2.9% on the session, compared to an advance of 0.7% for . That gap al...
Wall Street embraces Intel’s tentative turnaround
finally had its one step forward after three steps back over the past few months. Shares climbed as much as 8% on Friday, after the company reported better-than-expected third-quarter earnings and fou...