Photographer: Michael Nagle/Bloomberg © 2024 Bloomberg Finance LP Thus far in 2024, all stock market lights are flashing green. January was up, and there has been a string of consecutive up months. There are four more days in February and it appears highly probable that February will be added to this list of bullish months …
Qualcomm Inc. blew out quarterly profit estimates in its most recent report Wednesday, but its shares moved lower in choppy aftermarket action as the company’s revenue forecast merely met expectations at the midpoint. As artificial intelligence increasingly dominates the narrative for the chip sector, Qualcomm’s QCOM management said the company is among the beneficiaries of …
“Nvidia has history on its side.” You couldn’t take 10 steps at CES, the annual Consumer Electronics Show in Las Vegas, without hearing about AI. All the key players in the AI PC race were present last week in force, including Intel INTC, -0.13%, AMD AMD, +8.31%, Qualcomm QCOM, +0.66% and Microsoft MSFT, +0.46%. Intel …
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., …