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 …
Published: March 4, 2024 at 3:43 p.m. ET Advanced Micro Devices Inc.’s management projects it will generate upwards of $3.5 billion in revenue this year from graphics processing units for the data center. One Barclays analyst is feeling even more upbeat. Barclays’ Tom O’Malley expects AMD AMD will deliver about $4.5 billion in data-center GPU …
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Super Micro Computer : Shares surged nearly 25% on Monday after the artificial intelligence server maker was selected late Friday to join the S & P 500 later in March. The gains push its year-to-date ascent to almost …
A number of stocks that supply Nvidia look set to gain from the AI boom, as the U.S. chip giant published another bumper quarter of earnings. Nvidia, which makes chips that are used to train artificial intelligence models, said sales had risen 265% year-on-year to more than $22 billion in its latest quarter . It …