This article first appeared on GuruFocus. Alibaba (NYSE:BABA) is stepping deeper into the AI chip race, rolling out a new processor that’s more versatile than its older designs, the Wall Street Journal reported. The chip is built for AI inference letting trained models analyze new data and unlike most homegrown rivals, it works with Nvidia’s(NASDAQ:NVDA)…
This article first appeared on GuruFocus. Nvidia (NASDAQ:NVDA) dipped 2.7% in late trading Wednesday even after topping Wall Street’s expectations, hiking guidance, and rolling out a $60 billion share buyback program. For the quarter ending July 27, the chipmaker earned an adjusted $1.05 a share on $46.74 billion in revenue, ahead of forecasts for $1.01…
This article first appeared on GuruFocus. Aug 28 – Elon Musk’s latest forecast for artificial intelligence places compute power at the heart of the industry’s race forward. In a post on X, Musk said his AI startup xAI could require the equivalent of 50 million Nvidia (NASDAQ:NVDA) H100-class chips within five years, eventually reaching billions….
This article first appeared on GuruFocus. Nio (NIO, Financials) surged Thursday after unveiling one of its most affordable electric SUVs, part of its strategy to stay competitive in China’s crowded EV market. The new ES8, announced late Thursday, is priced at 308,800 yuan ($43,000) under a battery subscription plan, allowing users to swap or upgrade…
This article first appeared on GuruFocus. Aug 19 – Enterprise software stocks traded weaker on Tuesday as investors awaited clarity from Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole economic symposium. Market participants remain cautious about whether the central bank will signal rate cuts or keep policy tight. Palantir Technologies (NASDAQ:PLTR) slid…