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Intel Partners With AMD To Counter Arm's Rising Dominance in Computing
Wednesday, October 16, 2024 - 9:52am | 665Intel Corp (NASDAQ:INTC) and Advanced Micro Devices, Inc (NASDAQ:AMD) have joined forces to create an x86 Ecosystem Advisory Group. The x86 architecture, the most widely used computing platform globally, has powered data centers and PCs for over 40 years. The x86 family of processors, known as...
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Super Micro Expands Liquid-Cooled AI Servers With Nvidia Power
Wednesday, October 16, 2024 - 8:38am | 680Artificial intelligence server company Super Micro Computer, Inc (NASDAQ:SMCI) is accelerating the shift to liquid-cooled data centers. Supermicro’s latest offering, powered by the Nvidia Corp (NASDAQ:NVDA) GB200 NVL72 platform, introduces a highly energy-efficient system designed to meet the...
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Micron Unveils DDR5 Memory Boost for AI PCs, Backed by Intel Validation
Wednesday, October 16, 2024 - 7:55am | 590On Tuesday, Micron Technology Inc (NASDAQ:MU) announced the release of a new category of clock driver memory modules aimed at next-generation PCs, including AI-driven systems. The company unveiled its Crucial DDR5 clocked unbuffered dual inline memory modules (CUDIMM) and clocked small outline dual...
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Nvidia and Intel Competition Threaten AMD's Growth, Analyst Says
Tuesday, October 15, 2024 - 12:21pm | 559Oppenheimer analyst Rick Schafer maintained a Perform rating on Advanced Micro Devices, Inc (NASDAQ:AMD). The analyst remains cautious about AMD’s ability to deliver a profitable long-term business model as the second horse in the secularly declining PC market. He noted that the financially...
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Amazon Strikes at Nvidia's Stronghold Through Databricks Deal, Cutting AI Costs by 40%
Tuesday, October 15, 2024 - 11:07am | 624Amazon.com Inc (NASDAQ:AMZN) inked a five-year deal with data and AI startup Databricks to provide businesses with cost-effective AI-building capabilities. The financial terms of the contract remain undisclosed. The partnership centers around Amazon’s Trainium AI chips, which offer a less...
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Chinese E-Commerce Firms Alibaba, JD, PDD Gear Up For Singles' Day Shopping Festival
Tuesday, October 15, 2024 - 10:44am | 579Alibaba Group Holding (NYSE:BABA) and other Chinese e-commerce stocks listed in the U.S. continued to see a volatile session Tuesday as the fiscal stimulus by China failed to impress investors. China’s economy has been battling weak growth, further escalated the domestic crackdown on the...
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Ericsson Q3 Earnings: Gains From AT&T Boost, CEO Signals North American Recovery
Tuesday, October 15, 2024 - 6:50am | 645Ericsson (NASDAQ:ERIC) reported third-quarter fiscal 2024 results. Sales declined 4% year-over-year to 61.8 billion Swedish Krona, driven by strong growth in the North American market. In USD, sales of $5.93 billion beat the analyst consensus estimate of $5.72 billion. Group organic sales...
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Taiwan Semiconductor Eyes $23B in Q3 Revenue as AI Demand Soars
Monday, October 14, 2024 - 2:23pm | 517Taiwan Semiconductor Manufacturing Co (NYSE:TSM) will likely report a third-quarter topline of $23.096 billion (versus $17.280 billion a year ago) and adjusted EPS of $1.80 on Thursday, according to analyst consensus estimates. The 34% revenue growth comes from the continued artificial intelligence...
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Amazon To Boost Workforce by 250K for 2024 Holidays, Joining Retail Hiring Surge
Friday, October 4, 2024 - 9:32am | 512Amazon.com Inc (NASDAQ:AMZN) is targeting 250,000 transportation and warehouse workers in the U.S. to capitalize on the 2024 holiday rush, Reuters reports. The hiring numbers remain the same as in 2023. The hiring ahead of the holiday season underscores the importance of the extra hands in the...
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What's Going On With Taiwan Semiconductor Stock On Friday?
Friday, October 4, 2024 - 7:54am | 691Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is ramping up its 2nm technology development at home and beyond despite odds ranging from geopolitical tensions to supply chain constraints to natural calamities like earthquakes and hurricanes. The contract chipmaker’s 2nm technology...
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Alibaba and JD.com Battle for Hong Kong Shoppers, Stocks Slide After Stimulus Rally
Thursday, October 3, 2024 - 9:03am | 431Chinese e-commerce juggernaut Alibaba Group Holding (NYSE:BABA) and rival JD.com, Inc (NASDAQ:JD) are aggressively fighting for market share in Hong Kong. The companies waived delivery fees for certain orders and boosted related services like local product returns in Hong Kong, SCMP reports. The...
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Amazon Prime Video Ramps Up Ads, Taking on Netflix and Disney+ in Streaming Battle
Thursday, October 3, 2024 - 8:02am | 669Amazon.Com Inc (NASDAQ:AMZN) targets more advertisements across its television shows and movies on Prime Video in 2025, taking a cue from Netflix Inc (NASDAQ:NFLX) and Walt Disney Co (NYSE:DIS) Disney+, the Financial Times cites Kelly Day of Prime Video International. Day told FT that Amazon had...
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Taiwan Semiconductor Has Soared 96% But Geopolitical Risks Persist
Wednesday, October 2, 2024 - 8:58am | 555Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock has gained over 96% in the last 12 months, as the hyperscalars’ artificial intelligence ambitions translate into higher demand for AI chips from companies like Nvidia Corp (NASDAQ:NVDA). Recently, Taiwan’s National Science and...
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Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity
Tuesday, October 1, 2024 - 12:49pm | 559On Tuesday, STMicroelectronics NV (NYSE:STM) and Qualcomm Inc (NASDAQ:QCOM) subsidiary Qualcomm Technologies International announced a new strategic collaboration for industrial and consumer IoT solutions augmented by edge artificial intelligence. The two companies proposed integrating Qualcomm...
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Chewy Insider Penalized by SEC for Trading on Confidential Pet Insurance Deal Info
Monday, September 30, 2024 - 1:23pm | 442On Friday, the SEC disclosed settling charges against Austin Kauh of Wilton, CT, for insider trading before the December 2021 announcement that Kauh’s employer, Chewy, Inc (NYSE:CHWY) collaborated with Trupanion, Inc (NASDAQ:TRUP). According to the SEC’s order, Kauh was part of Chewy...