(Bloomberg) — AI’s voracious need for computing power is threatening to overwhelm energy sources, requiring the industry to change its approach to the technology, according to Arm Holdings Plc Chief Executive Officer Rene Haas. Most Read from Bloomberg By 2030, the world’s data centers are on course to use more electricity than India, the world’s …
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. …
Arm , the British semiconductor design company, has seen its share price skyrocket since reporting third-quarter earnings in February. The stock has risen by 65% this year, driven by what Morningstar calls the “AI buzzword” narrative and the company’s ability to increase royalty fees after its latest chip architecture launch. Arm develops and designs the …
CAMBRIDGE, England, April 04, 2024–(BUSINESS WIRE)–Arm Holdings plc (NASDAQ: ARM) today announced it will report financial results for the fourth quarter of fiscal year 2024 on Wednesday, May 8, 2024, after market close. The company will host a conference call via audio webcast at 14:00 Pacific Time (17:00 Eastern Time / 22:00 British Summer Time) …
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 …
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 …
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 …
Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Markets positive Wall Street hit another record on Friday as …
A microchip and the Nvidia logo displayed on a phone screen are seen in this photo taken in Krakow, Poland, on April 10, 2023. Nurphoto | Getty Images Shares of server component supplier Super Micro Computer rose 11.42% in Wednesday’s after-hours trading. Dutch chip equipment manufacturer ASML, which supplies TSMC lithography machines critical to chip …
Microsoft, Meta, Google, Amazon, IBM, Adobe and chip designer Arm all signed the accord. Artificial intelligence startups OpenAI, Anthropic and Stability AI also joined the group, alongside social media companies such as Snap, TikTok and X. Tech platforms are preparing for a huge year of elections around the world that affect upward of four billion …