International semiconductor firms – including ASML, Advanced Micro Devices (AMD) and Qualcomm – have put the spotlight on some of their latest products at a major trade fair in Shanghai this week, in a fresh sign of their commitment to China in spite of mounting US sanctions on the country. They joined about 400 other…
In This Story Despite posting robust quarterly profits, Microsoft (MSFT-5.26%) and Meta (META-3.86%) shares slumped Thursday as both tech giants signaled substantial future AI spending requirements and slower growth prospects. The companies, which have emerged as leaders in the AI sector, saw their stocks decline despite heavy investments in generative AI that had previously fueled…
Shares of Alphabet (GOOG, GOOGL) are on the rise after Google’s parent company delivered a better-than-expected third quarter report with its cloud business helping fuel growth. It’s a different story for Advanced Micro Devices (AMD). The chip giant reported Q3 results that were in line with Wall Street estimates, but its fourth quarter guidance failed…
The Dow and other indices surged Monday in anticipation of the upcoming earnings week, reflecting expectations for how the current quarter might influence the remainder of the year. This week will see big tech earnings, including Amazon (AMZN), Apple (AAPL), Google (GOOGL), Meta (META), Microsoft (MSFT), and Advanced Micro Devices (AMD), among others. In morning…
China has also been aggressively pursuing the technology, with Guangdong province in recent weeks joining a spate of funding programs aimed at building photonics chips in China, according to state media. read more A bipartisan group of US lawmakers is calling on the Department of Commerce to investigate national security risks associated with China’s advancements…
In This Story This week promises to be exceptionally busy, with a blend of financial updates and festive celebrations. Investors are bracing for a flurry of major earnings reports, providing a crucial snapshot of how various sectors are navigating the current economic landscape. McDonald’s is facing its first lawsuit from the Quarter Pounder E. coli…
Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024, in Washington, D.C.Photo: Chip Somodevilla (Getty Images) In This Story Nvidia (NVDA+4.08%) closed at a record high Monday as Wall Street anticipates Big Tech’s earnings report in November. The pill form of Novo Nordisk’s drug Ozempic can cut the risk of heart…
In This Story The Dow and other major indexes experienced losses Tuesday afternoon as chipmakers struggled amid news of potential export caps. AI investing will take trillions from other funds, CEO says In the afternoon, the Dow Jones Industrial Average dropped 118 points, or 0.28%, to 42,939. The tech-heavy Nasdaq and S&P 500 shed 0.8%…
Nvidia (NVDA) stock has been running and seems unstoppable as it in on the threshold to a new all-time high. The AI chipmaker announced that its Blackwell graphics processing unit (GPU) is currently sold out for the next 12 months, while Advanced Micro Devices’ (AMD) newly unveiled Instinct MI325X AI chip was met with underwhelming…
Advanced Micro Devices (AMD) on Thursday (Oct. 10) unveiled a new artificial intelligence (AI) chip aimed at breaking Nvidia’s stronghold on the lucrative data center GPU market. The launch of AMD’s Instinct MI325X accelerator marks an escalation in the AI hardware arms race, with implications for businesses investing in AI. AMD’s announcement came during its…