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Nvidia ignites chip stock rally as forecast shows AI boom is intactNvidia has calmed investor anxieties regarding the AI surge, forecasting a remarkable seventy percent increase in revenue for the upcoming ...
US stocks today: S&P 500, Nasdaq decline as tech sector falls, US prepares to impose more Iran sanctionsWall Street’s S&P 500 and Nasdaq declined on Monday, dragged down by a sharp sell-off in technology and semiconductor stocks.Investors reac...
Anthropic hires Google chip veteran Amir Salek as part of push into hardwareAI firm Anthropic has hired a Google chip founder for its new semiconductor team. This move signals Anthropic's ambition to develop its own...
Broadcom seeks more than $60 billion in latest AI debt dealThe numbers under discussion would potentially bring the total raise to as much as $100 billion, according to the report.
US stocks: US market regains ground as bond yields ease; healthcare stocks rallyMajor stock indexes recovered on Wednesday after a prior day's decline. Moderna shares surged significantly following positive cancer thera...
Marvell shares jump 8% after chipmaker hands Google option to buy $12.2 billion stakeMarvell shares surged 8% after securing a Google agreement to develop custom AI chips and related technologies. Google received a warrant f...
Marvell gives Google option to buy $12.2 billion stake in custom chip dealMarvell said it would develop AI inference accelerators, storage, networking and memory interface controllers and near-memory computing tec...
Samsung hikes chipmaking prices by up to 15% on demand spikeDemand from Chinese customers has been particularly strong, but Samsung has been unable to meet all orders because it must serve US custome...
Institutional investors reveal cautious approach to tech favorites in US quarterly 13F filingsIn the second quarter, institutional investors made slight reductions in their holdings of prominent tech firms, mainly due to already subs...
Oil prices rally, US data dents chances of Fed rate hikeGlobal shares declined Friday as markets monitored U.S.-Iran talks and Federal Reserve rate hike expectations. Oil prices rose more than a ...
US stock: S&P 500 ends lower as investors weigh data, Middle East tensionsThe S&P 500's streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlo...
Nvidia’s $500 billion plan envelops Wall Street in its AI frenzyNvidia has unveiled a major financing initiative aimed at supporting artificial intelligence chip acquisitions. By collaborating with promi...
Goldman in talks with investors on Nvidia financing deal after landing prized roleNvidia announced on August 10 it has partnered with six major financial institutions including Goldman to launch compute platforms aimed at...
Goldman Sachs taps investors for Nvidia’s $500 billion AI financing pushGoldman Sachs is negotiating with investors for Nvidia's massive AI financing initiative. U.S. insurers and money managers will likely form...
US stocks: S&P 500 notches record-high close as rate-hike worries easeThe S&P 500 has hit a historic peak, largely influenced by a surge in technology stocks. With producer price inflation showing stability, e...
Banks in talks to lend $15 billion for Anthropic data center backed by Google: WSJBig Tech has been pouring billions of dollars into AI data centers and computing power as demand continues to outstrip supply.
Samsung Electronics wins $200 billion Broadcom AI chip partnership, boosting foundry pushThe tie-up comes as global technology companies increasingly develop their own custom AI accelerators, rather than relying solely on gener...