Last Updated: Feb. 15, 2024 at 8:12 p.m. ET First Published: Feb. 15, 2024 at 5:12 p.m. ET Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock surged in the extended session. The chip-equipment company logged fiscal-first quarter net income of $2.02 billion, or $2.41 a share, compared with $1.72 billion, …
Nvidia Corp. is the “clear beneficiary” of Meta Platforms Inc.’s rampant spending on artificial intelligence, according to an analyst. The Facebook parent company now expects to spend $30 billion to $37 billion on capital expenditures this year, whereas it was projecting $30 billion to $35 billion previously. The new “outlook reflects our evolving understanding of …
This year’s artificial-intelligence boom turned the landscape of the semiconductor industry on its head, elevating Nvidia Corp. as the new king of U.S. chip companies — and putting more pressure on the newly crowned company for the year ahead. Intel Corp. INTC , which had long been the No. 1 chip maker in the U.S., …
Artificial intelligence is more likely to save humanity than to destroy it, Jeff Bezos said recently. The billionaire also said he would like to see the human population grow to one trillion, with most people living in huge cylindrical space stations. In an interview with podcaster Lex Fridman, the Amazon AMZN founder and former CEO …