TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023 Jakub Porzycki | Nurphoto | Getty Images Taiwan Semiconductor Manufacturing Co. (TMSC), posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by …
Google parent Alphabet still derives three-quarters of revenue from advertising, but cloud is growing faster and now represents almost 11% of company revenue. The segment, which contains corporate productivity applications, is also profitable. Google held 7.5% of the cloud infrastructure market in 2022, while Amazon and Microsoft together controlled around 62%, according to Gartner estimates. …
Investors looking to bet on the artificial intelligence boom may want to take a look at Taiwan Semiconductor Manufacturing , according to JPMorgan. Analyst Gokul Hariharan reiterated his overweight rating on the semiconductor maker, a supplier to chip majors such as Nvidia , Advanced Micro Devices and Qualcomm , saying that “all roads in AI …
In this photo illustration, Astera Labs logo is seen on a smartphone and on a pc screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Amazon CEO Andy Jassy loves to talk about how much his company is benefiting from the artificial intelligence boom. On Wednesday, Amazon got an AI boost in a …
The hottest artificial intelligence event of the year kicks off next week, setting the stage for key AI players to see sharp moves. Nvidia’s GTC Conference, dubbed “AI Woodstock” by Bank of America, offers an opportunity for the company to showcase its latest AI chip innovations and future vision as it labors to maintain its …
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s revenue rose 9.4% in 2024’s first two months, riding a wave of global AI development that’s helping offset potential fallout from slowing iPhone sales. Most Read from Bloomberg Asia’s largest company reported sales of NT$397.4 billion ($12.6 billion) from January to February. That’s despite signs that Apple Inc., which …
(Bloomberg) — Pressure is on Broadcom Inc. ahead of Thursday’s earnings to show investors that AI demand will offset a slump in computer and telephone sales. Most Read from Bloomberg With a gain of more than 50% since its last quarterly report, the stakes have ratcheted up for the Palo Alto, California-based company at a …
Goldman Sachs calls chipmaker Micron Technology an “underappreciated” beneficiary of artificial intelligence, forecasting 17% upside for the next 12 months. The Wall Street firm reiterated its buy rating on Micron ahead of its earnings report on March 20 and hiked its 12-month price target to $112 from $103 previously. The stock is up 12% this …
Nvidia may have enjoyed a red-hot run on the back of the artificial intelligence craze, but many other tech stocks have also benefited. As with any investing theme, diversification is needed. Veteran tech investor Paul Meeks told CNBC Pro that even if Nvidia is a “great story,” it’s “too risky to be in just one” …
ASX firm BluGlass has emerged as a global leader in revolutionary high-precision laser tech set to drive quantum leaps in computing, AI and manufacturing. The potential rewards have been made obvious by the AI revolution. In the rapidly evolving tech landscape, the world’s attention has turned to artificial intelligence and by extension, the powerful microchips …