Advanced Micro Devices (NASDAQ: AMD) stock slipped in Tuesday’s trading. The semiconductor company’s share price closed out the daily session down 4.8%, according to data from S&P Global Market Intelligence. Nvidia, its chief rival in the graphics processing unit (GPU) space, actually gained 1.1% in the session. There wasn’t any business-specific news that dragged AMD …
The attack, identified as a ransomware breach orchestrated by the notorious Black Basta group, wreaked havoc on the company’s financial health, resulting in direct costs of £25.3 million ($32 million). Initially estimating the incident’s impact at £20 million, Capita’s revised figures underscore the extensive repercussions of the attack. The company’s annual report for 2023, released …
Super Micro Computer (NASDAQ: SMCI) stock jumped again in Wednesday’s trading. The company’s share price closed out the daily session up 11.3%, according to data from S&P Global Market Intelligence. On Tuesday, Barclays analysts published a note on Super Micro (known as Supermicro) stock. The firm’s analysts raised their one-year price target from $691 per …
The market rally has stalled since the start of the year, but it could be just a breather before another advance. Following a once-in-a-decade market correction in 2022, the blue chip-heavy S&P 500 index surged nearly 19% last year. There are still top stocks trading at low price-to-earnings ratios, which is a good sign that …
analyst smiling and looking at laptop Leading accelerated computing player Nvidia (NASDAQ: NVDA) has emerged as a Wall Street darling amid the artificial intelligence (AI) frenzy of 2023. The launch of OpenAI’s famous chatbot ChatGPT also highlighted the role of Nvidia’s graphics processing units (GPUs) in training and deploying large language models (LLMs), which drive …