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Oracle's AI spending blows past estimates, raising worries over growing debtOracle, which has major deals to build data centers for customers such as Meta Platforms and OpenAI, is working to position itself as a ma...
US stocks | Alphabet taps Intel to make three million in-house chips: ReportNvidia has not placed an order with Intel yet, but has been evaluating whether the company's technology can be used to make a processor tha...
Nvidia stocks jump in pre-trading as CEO Jensen Huang reveals inside information for investors. Details hereNvidia expects revenue of $91 billion, plus or minus 2 per cent, compared with estimates of $86.84 billion, according to data compiled by L...
Apple sales forecast beats Wall Street expectations, shares riseApple executives said they expect sales growth of 14% to 17% in the current fiscal third quarter, which was above Wall Street estimates of ...
Intel earnings signal recovery at US chip makerIntel's shares surged after exceeding earnings expectations, signaling a potential recovery. Despite a reported loss, revenue increased, an...
Intel results to show if supply chain issues are dimming its AI ambitionsIntel investors are watching supply chain challenges affecting chip production for AI services. The company anticipates a revenue and earni...
Tim Cook took Apple to $4 trillion, now it’s John Ternus’ turnJohn Ternus assumes leadership at Apple, inheriting a robust legacy built by Tim Cook. While Apple's current business is strong, the future...
Apple CEO Cook is lauded by investors as he prepares for new roleApple CEO Tim Cook will step down after nearly 15 years, with hardware chief John Ternus taking over. Cook, 65, will transition to executiv...
Oracle appoints Hilary Maxson as CFOMaxson joins when demand for AI computing, cloud databases is outpacing available capacity, pushing the company to accelerate investments...
Nvidia invests $2 billion in Marvell, launches AI partnershipNvidia has invested $2 billion in Marvell Technology and Marvell will join the Nividia AI ecosystem, the companies said on Tuesday.
US Stocks: Nvidia bets $2 billion on Marvell as rising AI adoption fuels competition; shares riseNvidia has invested $2 billion in Marvell Technology as part of efforts to make it easier for customers to use the custom artificial intell...
Nvidia to focus on competition-beating AI advances at megaconferenceJensen Huang will unveil Nvidia's AI innovations at its developer conference. The company faces increasing competition from rivals and cust...
US Stock Market | Oracle sees AI boom through at least 2027, sending shares up 8%Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its sha...
Dell raises long-term annual revenue, profit growth forecasts on strong AI server demandDell now expects compounded annual revenue growth between 7% and 9%, up from its prior forecast of 3% to 4%. Insatiable demand for computin...
CoreWeave signs $14 billion AI deal with Meta: ReportCoreWeave, a cloud computing company specialising in GPU-based infrastructure, has struck a $14 billion deal with Meta to provide large-sca...
Analysts react to Nvidia's $100 billion investment in OpenAINvidia will invest up to $100 billion in OpenAI, deploying 10 gigawatts of compute under a new strategic partnership. Analysts say the tie-...
Nvidia fails to impress growth-hungry investors, shares fallNvidia's recent quarterly forecast didn't meet high investor expectations, leading to a 6% drop in its shares and affecting other chipmaker...
Nvidia's Q4 revenue, profit soar thanks to demand for its chips used for AIAdjusted for one-time items, Nvidia earned $5.16 a share in the latest quarter, that topped Wall Street forecasts for $4.59 per share, base...
Broadcom sees revenue below estimates on weak enterprise spendingIn fiscal 2024, Broadcom expects revenue of about $50.0 billion including VMware's contribution. Analysts on average were expecting $52.50 ...
Nvidia's forecast lifts AI stocks and Nasdaq futuresNvidia's forecast added to investor optimism. Big Tech and AI-related stocks saw their stock market values increase by over $70 billion, on...