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FTC Clears Chevron's $53B Hess Merger, Sets Restriction For John Hess
Monday, September 30, 2024 - 12:02pm | 586On Monday, Chevron Corp (NYSE:CVX) announced that the Federal Trade Commission (FTC) completed an antitrust review of its merger with Hess Corp (NYSE:HES), satisfying a critical closing condition for the transaction. To facilitate the merger’s completion, Hess and Chevron have agreed...
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What's Going On With Intel Stock On Friday?
Friday, September 27, 2024 - 11:23am | 699Struggling chipmaker Intel Corp (NASDAQ:INTC) continues to receive takeover proposals from chip companies, the latest being Arm Holdings Plc (NASDAQ:ARM) following Qualcomm Inc‘s (NASDAQ:QCOM) proposal earlier. Arm Holdings recently proposed to acquire Intel’s product unit. However...
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Microsoft, Google, Meta Pave Path to AI Expansion, Nvidia and Broadcom Set to Reap Benefits
Friday, September 27, 2024 - 9:23am | 809The quarterly performance of Nvidia Corp (NASDAQ:NVDA), Broadcom Inc (NASDAQ:AVGO), and Micron Technology, Inc (NASDAQ:MU) adequately reflects that the artificial intelligence wave is in no mood to slow down in the near term. Hyperscalers, including Microsoft Corp (NASDAQ:MSFT), Google parent...
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Synopsys Partners With Taiwan Semi To Power Next-Gen AI Chip Innovations
Thursday, September 26, 2024 - 10:46am | 550On Wednesday, Synopsys, Inc. (NASDAQ:SNPS) announced its continued collaboration with Taiwan Semiconductor Manufacturing Co (NYSE:TSM) to deliver advanced EDA and IP solutions on the contract chipmaker’s most advanced process and 3DFabric technologies, accelerating innovation for AI and multi...
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Google Challenges Microsoft's Cloud Dominance, Files Antitrust Complaint in Europe: Report
Wednesday, September 25, 2024 - 2:25pm | 596Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google filed an antitrust complaint against Microsoft Corp (NASDAQ:MSFT) with the European Union’s top antitrust regulator Tuesday for allegedly abusing its influence to lock customers into Microsoft’s cloud platform Azure. Google Cloud...
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Super Micro Unveils Next-Gen Servers Powered by Intel's Latest Xeon Chips
Tuesday, September 24, 2024 - 2:33pm | 532On Tuesday, artificial intelligence server company Super Micro Computer, Inc (NASDAQ:SMCI) added new maximum-performance GPU, multi-node, and rackmount systems to the X14 portfolio. These systems are based on Intel Corp (NASDAQ:INTC) Xeon 6900 Series Processors with P-Cores (formerly codenamed...
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Microsoft's AI Lead Shrinks: Analyst Downgrades Stock As Amazon And Google Close The Gap
Monday, September 23, 2024 - 1:10pm | 671DA Davidson analyst Gil Luria downgraded the rating on Microsoft Corp (NASDAQ:MSFT) to Neutral from Buy while maintaining a price target of $475. Luria noted competition has essentially caught up with Microsoft on the AI front, which reduces the justification for the current premium valuation. The...
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AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report
Monday, September 23, 2024 - 8:59am | 623Advanced Micro Devices, Inc. (NASDAQ:AMD) chief Lisa Su shared insight into the prospects of graphics processing units (GPUs) in the near term, almost to the extent of taking a dig at rival Nvidia Corp (NASDAQ:NVDA) and hyperscalers like Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc (...
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Alibaba Teams Up With Nvidia to Supercharge EVs for Chinese Automakers: Report
Monday, September 23, 2024 - 7:08am | 615Alibaba Group Holding’s (NYSE:BABA) cloud computing services unit tapped Nvidia Corp (NASDAQ:NVDA) to boost the autonomous driving experience for Chinese smart vehicle owners like Li Auto Inc (NASDAQ:LI), Great Wall Motor Co (OTC:GWLLY), Geely Auto’s ...
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What's Going On With Autonomous Driving Stock Mobileye Thursday?
Thursday, September 19, 2024 - 10:34am | 446Mobileye Global Inc (NASDAQ:MBLY) stock was trading higher Thursday after Intel Corp (NASDAQ:INTC) said it does not plan to divest its majority interest in the company. U.S. Fed rate cut also had a bearing on the stock price movement. Intel made the statement after winning a multi-year, multi-...
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What has Taiwan Semiconductor Stock Done Since Nvidia Earnings?
Wednesday, September 18, 2024 - 4:45pm | 803Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock lost 4% in the last 30 days. Last month saw volatility as Nvidia Corp (NASDAQ:NVDA) released its quarterly print and more. The VanEck Semiconductor ETF (NASDAQ:SMH) and iShares Semiconductor ETF (NASDAQ:SOXX), representing the semiconductor...
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Taiwan Semiconductor Begins Production Of Apple A16 Smartphone Chips At Arizona Facility: Report
Wednesday, September 18, 2024 - 10:19am | 537Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is manufacturing Apple Inc’s (NASDAQ:AAPL) A16 SoC at Phase 1 of the Taiwanese contract chipmaker’s Fab 21 in Arizona. The chip made with Taiwan Semiconductor’s 5nm family, N4, debuted in 2022 with the iPhone 14 Pro. In...
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Intel Missed Out on PlayStation 6 Chip Deal to AMD: Report
Monday, September 16, 2024 - 6:05pm | 540In 2022, Intel Corp (NASDAQ:INTC) lost out to Advanced Micro Devices (NASDAQ:AMD), a multiyear Sony Group Corp (NYSE:SONY) PlayStation 6 chip deal, according to a Reuters exclusive report. The sources told Reuters that tapping Intel would have posed backward compatibility issues, entailing higher...
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Nvidia's AI Surge Powers 25% of S&P 500 Gains in 2024, Makes Co-founder Huang Among Fastest Growing: Report
Monday, September 16, 2024 - 5:46pm | 755Nvidia Corp’s (NASDAQ:NVDA) rally disproportionately influences the S&P 500 index, reflecting concerns over the domino effect due to the integrated semiconductor ecosystem. Nvidia accounted for 25% of the S&P 500’s 17% gain in 2024, Reuters reports. The chip designer has...
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What's Going On With Lyft Stock On Friday?
Friday, September 13, 2024 - 2:42pm | 467Lyft, Inc (NASDAQ:LYFT) stock is down after rival Uber Technologies, Inc (NYSE:UBER) extended its collaboration with Waymo, formerly known as the Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google Self-Driving Car Project. Uber and Waymo look to launch autonomous ride-hailing in Austin and Atlanta...