Intel stock tanks after earnings show they're getting smoked by their rivals
Big tech’s money is going to data centers and chips. The problem for is that it isn’t getting any. The chip making powerhouse of yesteryear recorded a $1.61 billion loss and a 1 percent drop in reven...
Market wrap: S&P 500 rallied; semis surge by most in over a year
The S&P 500 rose 1.7%, the Nasdaq 100 gained 3%, and the Russell 2000 ended up 0.9% as a bounce back in beleaguered semiconductors and enhanced confidence the Federal Reserve would begin cutting rates...
Semiconductors are surging like Nvidia just crushed earnings
The Nasdaq 100 is on track for its biggest daily gain since February as semiconductors rebound from their recent shellacking. Nvidia is leading the charge with a double-digit gain, one day after it dr...
Market wrap: Nvida’s tumble overshadows financials’ gains as US stocks dip
The S&P 500 sank 0.5% and the Nasdaq 100 fell 1.4% as tech stocks dragged down the major indexes. The Russell 2000 was spared any damage, up 0.4% on the day. Tech was the worst-performing S&P sector E...
Holding all the chips: Meta has nearly 600,000 Nvidia H100 GPUs
At the SIGGRAPH conference in Denver yesterday, Nvidia CEO Jensen Huang interviewed Meta CEO Mark Zuckerberg. The hour-long, wide-ranging conversation touched on Huang’s love of black leather jackets,...
Nvidia is sinking the stock market
The S&P 500 was down 1% at its lows of the day and Nasdaq 100 was off more than 2% – and there’s one stock that deserves a lot of the blame. Shares of have plunged 5.6% as of 1:50 pm ET for no appare...
Flawed Intel chips can irreversibly damage themselves and they're still on sale
A manufacturing flaw in some of Intel’s 13th and 14th gen Intel Core processors may be permanent, and an upcoming August software patch may not reverse any damage, only prevent it from happening in th...
Just four companies are hoarding tens of billions of dollars worth of Nvidia GPU chips
Meta just announced the release of Llama 3.1, the latest iteration of their open source large language model. The long-awaited, jumbo-sized model has high scores on the same benchmarks that everyone e...
Big tech is delighted to rent American chips to Chinese companies banned from buying them
One of the defining geopolitical struggles of the last few years has been America’s attempts to limit Chinese access to advanced artificial intelligence chips through export bans . China is America’s ...
Chip stocks are getting routed by political news
Semiconductor stocks staggered through their worst day in four years, as potential new Biden administration regulations on chip-related tech exports to China, and bombastic Trump comments aimed at Tai...
Semis rally as TSMC posts record sales numbers
, the company that actually manufactures most of the world’s most sophisticated microchips — including Nvidia’s coveted GPUs for AI — posted record sales numbers for the second quarter, sending its s...
Option buyers absent as Nvidia re-approaches new records
In the story of Nvidia’s ascent to a $3 trillion company, its operating performance has played the starring role: best-in-class revenue growth and surging profits . But the best supporting actors hav...
Market wrap: semis power US stocks to fresh record
The S&P 500 posted a small gain of 0.1% to reach another record high, as did the Nasdaq 100 with a 0.2% advance. While technology was the best performing S&P 500 sector ETF, breadth was still marginal...
Market wrap: US stocks cruise their way to gains; Nvidia surges
US stocks snapped their three-day losing streak with the S&P 500 up 0.4% as tech stocks rebounded from their recent drubbing. That was enough to overcome dismal breadth, with about 3.5 stocks down for...
Market wrap: US stocks on three-day losing streak as Nvidia craters
The S&P 500 suffered its worst loss of the month — a relatively modest 0.3% decline — as tech stocks tumbled. It’s the first three-day losing streak for the benchmark US stock index in more than two m...
Market wrap: US stocks fall with semis slammed again
US stocks slipped on Friday, but still managed to post their third straight weekly gain. The price action, which has seen stocks fall in back-to-back sessions, is not yet outright worrisome. But it’s ...
In the stock market, it’s Nvidia versus everything else
Investors wake up every morning and seemingly have one choice: Nvidia, or everything else? What was briefly the world’s largest publicly traded company and the broader market have consciously uncouple...
Market wrap: US stocks fall from records as semiconductors stumble
The S&P 500 finished down 0.3% while the Nasdaq 100 slumped 0.8% in its worst day of the month. Even though only three sectors registered declines, when the tech sector ETF is down more than 1%, it’s ...
Why Nvidia’s not a dot-com era Cisco
Nvidia is evoking comparisons to Cisco circa the dot-com bubble, like in this WSJ piece that draws on the wisdom of the one-time CEO of Cisco. The similarities: Both firms, at one time, unseated Micro...
Nvidia is worth more than the entire French and British stock markets
Here’s a chart that puts the run-up in the value of Nvidia in perspective. The Santa Clara, Calif., designer of the chips at the core of the AI industry, is now worth than the entirety of the German, ...