Category: Chip
-
Indexes fall from records as chip rout drags tech shares lower
•
Chip Somodevilla/Getty Images A sell-off in semiconductors pulled stock indexes away from record levels. The loss was led by Dutch chipmaker ASML, which lost 17% on Tuesday. The decline overshadowed the banks’ earnings results, which were better than expected. Chip makers’ stocks halted a decline on Tuesday after a recent…
-
Nvidia stock falls 5% as the U.S. eyes AI chip export limits
•
Nvidia shares (NVDA) fell more than 5% on Tuesday, a day after closing at a record high. The chipmaker’s stock fell less than 1% in premarket trading, but was down about 5% by midday. The decline occurred after a report that The United States may put an end to sales…
-
Nvidia stock falls 5% as the U.S. eyes AI chip export limits
•
Nvidia shares (NVDA) fell more than 5% on Tuesday, a day after closing at a record high. The chipmaker’s stock fell less than 1% in premarket trading, but was down about 5% by midday. The decline occurred after a report that The United States may put an end to sales…
-
BBG: US weighs capping AI chip sales from Nvidia, AMD, other US firms to some countries
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
-
AMD sees next AI chip in mass production later this year By Reuters
•
Written by Max A. Cherny SAN FRANCISCO (Reuters) – Advanced Micro Devices said on Thursday it plans to begin mass production of a new version of its artificial intelligence chip called the MI325X in the fourth quarter of the year, as it seeks to bolster its presence in a market…
-
Nvidia stock rises as CEO Jensen Huang touts ‘insane’ chip demand
•
Nvidia (NVDA) stock jumped as much as 5% on Thursday as CEO Jensen Huang said demand for next-generation Blackwell chips was “insane.” In an interview with CNBC on Wednesday after the market closed, Huang confirmed that the chips are in “full production” despite recent design issues that have caused some…
-
US sets new rule that could spur AI chip shipments to the Middle East By Reuters
•
Written by Karen Freifeld WASHINGTON (Reuters) – The U.S. Commerce Department on Monday unveiled a rule that could facilitate shipments of artificial intelligence chips to data centers in the Middle East. Since October 2023, US exporters have been required to obtain licenses before shipping advanced chips to parts of the…
-
Tower teams with Adani on $10b Indian chip plant
•
Israeli chipmaker Tower Semiconductor Co., Ltd. (NASDAQ: TSEM; level:TSEMTower and the Adani Group are planning to build a chip manufacturing plant in the Mumbai suburb of Taloja, according to a tweet from Devendra Fadnavis, deputy chief minister of the western Indian state of Maharashtra. Tower and Adani will invest $10…
-
Exclusive-Qualcomm has explored acquiring pieces of Intel chip design business, sources say By Reuters
•
By Anirban Sen, Max A. Czerny, Milana Finn, and Mike Spector SAN FRANCISCO/NEW YORK (Reuters) – Qualcomm Inc (NASDAQ: QCOM) has explored the possibility of acquiring parts of Intel Corp (NASDAQ: INC)’s design business to bolster the company’s product portfolio, two people familiar with the matter said. The mobile chipmaker…
-
China warns Japan of economic reprisal if potential new chip curbs are imposed
•
HH 5800 China has warned of tough economic retaliation against Japan if it continues to impose restrictions on its sales and maintenance of chipmaking equipment to Chinese companies, Bloomberg News reported. Senior Chinese officials have reiterated this position in recent meetings with their Japanese counterparts, the report said. Added Quoted…
-
Nvidia will grow to a $10 trillion company and the Blackwell chip will be like ‘fireworks’ for the stock, analyst says
•
Michael M. Santiago/Getty, Tyler Lee/PA Analyst Beth Kendig says Nvidia is on track to reach a $10 trillion valuation. Kendig expects strong growth and “fireworks” for the stock after its launch at Blackwell. Jensen Huang assured investors that Nvidia’s next-generation AI chip will generate billions of dollars in revenue. Nvidia…
-
Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
•
Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
-
Nations building their own AI models add to Nvidia’s growing chip demand By Reuters
•
Written by Archia Bajwa Countries that build artificial intelligence models in their own languages are turning to Nvidia (NASDAQ:NVIDIA) chips, adding to already surging demand as generative AI takes center stage for businesses and governments, a senior executive said Wednesday. Nvidia’s third-quarter forecast for a surge in sales of its…
-
Serial entrepreneur Avigdor Willenz founds new chip startup
•
Serial entrepreneur and chip investor Avigdor Willens has founded a secret company, in collaboration with his former partners in Havana Labsa new AI chip startup called Touch, which according to the founders’ shared history could lead to a massive exit within a few years. Touch’s founding team includes CEO David…
-
Nvidia, chip stocks rebound as Piper Sandler calls out ‘tremendous opportunity’ after sell-off
•
Nvidia (NVDA) stock rose slightly on Wednesday amid broader gains in chip stocks after Piper Sandler analysts told investors there was a “huge opportunity” to buy the chip giant’s shares after they fell more than 25% from recent highs. “Fundamentally, NVDA remains the strongest player in AI acceleration,” wrote Harsh…
-
Intel to cut 15,000 jobs in bid to catch up in AI chip race
•
Intel, the US semiconductor giant, is set to cut 15,000 jobs as part of an aggressive effort to revitalize lagging manufacturing operations and keep up with the competitive artificial intelligence chip market. Shares of the California-based company fell 20% in after-hours trading in New York to $29.05 after announcing a…
-
Elon Musk says a person with a Neuralink chip could beat a pro gamer in a few years
•
It is not far off now to envision a future where a human with a chip-enhanced brain can defeat a professional video gamer. In an episode of Lex Friedman Podcast In an article published Friday, Musk pointed to his startup Neuralink, which implanted a chip in someone’s brain earlier this…
-
Intel leads chip stocks decline after results, outlook weighs on investor sentiment
•
Sefa Ozil Intel CorporationNASDAQ:INTC) chip stocks fell Friday after the company’s second-quarter results and guidance rattled investors and analysts alike. arm (army) -8%Micron (MU) technology -7%semiconductors (ON) -5%Taiwan Semiconductor Manufacturing Company (TSM) -5%Analog devices (Adi) -4%NXP Semiconductor Corporation (NXPI) -4%Broadcom (I am bored) -3%Texas Instruments, Inc.TXN) -3%Nvidia (NVDA program) -1%and…