The launch of Intel ‘s latest artificial intelligence chip is expected to benefit three global semiconductor companies, according to Morgan Stanley. Intel unveiled its third-generation AI accelerator, Gaudi 3 , earlier this month. The semiconductor giant said the latest chip is twice as power-efficient and can run AI models one-and-a-half times faster than Nvidia’s H100 GPU …
Net revenue: 592.64 billion New Taiwan dollars ($18.87 billion), vs. NT$582.94 billion expected Net income: NT$225.49 billion, vs. NT$213.59 billion expected TSMC reported net revenue rose 16.5% from a year ago to NT$592.64 billion, while net income increased 8.9% from a year ago to NT$225.49 billion. The firm guided first-quarter revenue to be between $18 billion and $18.8 …
TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023 Jakub Porzycki | Nurphoto | Getty Images Taiwan Semiconductor Manufacturing Co. (TMSC), posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by …
Investors looking to bet on the artificial intelligence boom may want to take a look at Taiwan Semiconductor Manufacturing , according to JPMorgan. Analyst Gokul Hariharan reiterated his overweight rating on the semiconductor maker, a supplier to chip majors such as Nvidia , Advanced Micro Devices and Qualcomm , saying that “all roads in AI …
Shares of Nvidia have risen 280% over the past year thanks to surging sales of its chips that power artificial intelligence applications. However, the Silicon Valley company isn’t alone in the AI-fueled rally. Investors are also ploughing their money into companies buying these chips, amid expectations that AI will help improve productivity and profits. CNBC …
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” …
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 …
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 …
TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023 Jakub Porzycki | Nurphoto | Getty Images Morgan Stanley increased the price target on the U.S. chip giant to $750 from $603 on Feb. 7 and said it continues “to see a …
The hundreds of organizations that lobbied on AI last year ran the gamut from Big Tech and AI startups to pharmaceuticals, insurance, finance, academia, telecommunications and more. Until 2017, the number of organizations that reported AI lobbying stayed in the single digits, per the analysis, but the practice has grown slowly but surely in the …