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Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up
Benefiting from the high demand for memory chips, Micron Technology's revenue exceeded expectations in the third quarter. However, the company's forecast for the fourth quarter fell short of optimistic investor expectations, leading to a stock price decline. Micron's unique position in the semiconductor market is driven by the widespread usage of its high-bandwidth memory chips in advanced AI systems.
Best 4G/5G Tablets with advanced features and on-the-go productivity
As technology continues to evolve, the demand for high-performance tablets with robust connectivity options has surged. In this comprehensive article, we explore the top 4G and 5G tablets of 2024, highlighting their key features, performance metrics, and unique selling points. From powerful processors and stunning displays to long-lasting batteries and advanced cameras, these tablets cater to a variety of needs, whether for professional use, educational purposes, or entertainment.
MediaTek designs Arm-based chip for Microsoft's AI laptops
Last month, Microsoft unveiled a new generation of laptops that feature chips designed with Arm Holdings tech, which provide enough horsepower to run the artificial intelligence applications that executives said were the future of consumer computing. The MediaTek chip is geared toward this effort.
Indian exports: How Modi 3.0 can navigate the protectionist tides in advanced economies like US and EU
India has transitioned from a decade of single-party rule to a new era of coalition politics, causing concern among stock market investors about potential slowdowns in economic reforms. Rising protectionist measures from advanced economies like the US and EU pose challenges for Indian exporters, with stringent regulations on products ranging from chemicals to food items. The impact of these barriers could disproportionately restrict India's economic objectives and competitiveness, particularly in key sectors like textiles and apparel.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
European stocks at record on tech and ECB bets
The pan-European STOXX 600 benchmark rose by 0.7%, with the technology subindex surging 2.6%, driven by significant gains from Wall Street's tech giants.
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TSMC says it has discussed moving fabs out of Taiwan, but such a move impossible
TSMC, a Taiwanese chipmaker, discussed moving its fabrication plants off the island amid tensions with China, but deemed it impossible due to 80-90% production capacity in Taiwan.
Intel battles AMD with new data center chips
Intel launched sixth generation Xeon server processors to regain data center market share. Gaudi 3 AI chip, priced competitively, provides a cheaper alternative to rivals' chips. Lunar Lake laptop chip, with a powerful AI processor, will ship in Q3.
Arm aims to capture 50% of PC market in five years, CEO says
Demand for use of Arm's technology in personal computers got a boost after Microsoft unveiled ambitious plans last month to launch a new breed of PCs with artificial intelligence features to compete with Alphabet and Apple.
More women made the list of top-paid CEOs in 2023, but their numbers are still small compared to men
Of the 341 CEOs in the AP's 2024 compensation survey, 25 are women, the highest number since the survey began in 2011. Lisa Su of AMD is the highest-paid female CEO, earning $30.3 million. The median pay for female CEOs increased by 21% to $17.6 million, outpacing male CEOs whose median pay rose by 12% to $16.3 million. Despite these gains, the highest-paid male CEOs still earn significantly more, and women often face the "glass cliff," being appointed to leadership roles during company crises.
AMD launches new AI chips to take on leader Nvidia
Advanced Micro Devices unveiled the MI325X accelerator at Computex, aiming to challenge Nvidia with new AI chips by 2026.
US is slowing AI chip exports to Middle East by Nvidia, AMD
In October, the Commerce Department added much of the Middle East to chip export restrictions that originally focused on China and a handful of other foreign adversaries. That meant companies needed a special US government license to ship cutting-edge semiconductors and chipmaking tools to countries such as Saudi Arabia and the UAE.
Nvidia adds over $200 billion in market value in post-earnings rally
Nvidia's shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.
Nvidia's blowout forecast adds fresh fuel to AI rally; stock jumps 9%
Nvidia rallied 9% on Thursday as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand, lifting shares across the semiconductor sector.
Nvidia shares rise as blowout revenue forecast cements AI lead
Taiwan Semiconductor Manufacturing, Nvidia's contract chipmaker, said in April it expects to more than double its advanced packaging capacity this year.
10 Best Video Doorbells in India offering Enhanced Surveillance (2024)
Discover the ultimate home security solutions with the best video doorbells available online. These innovative devices offer unparalleled convenience and peace of mind by allowing you to monitor your front door from anywhere using your smartphone or tablet. With great video quality, two-way audio communication, motion detection, and night vision, you can always see and speak to visitors, whether you are at home or away. Read on to choose from a variety of top brands and models and find the perfect solution for your security needs.
Arm shares fall 6% as tepid forecast takes shine off AI optimism
Shares of Arm Holdings fell 6% on Thursday as the chip designer's downbeat annual revenue forecast cooled some of the enthusiasm around the stock following its AI-powered jump in recent months.
People+ai partners with 24 tech organisations to enable open cloud compute infra
AMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance the compute ecosystem in India through the creation of a network of providers for accessible and tailored compute resources.
AMD, Super Micro tumble as earnings fall short of lofty AI expectations
Its forecast of $4 billion in AI chip sales for 2024 fell short of Wall Street's lofty expectations, having been used to Nvidia's massive forecasts over the past year.
Google unveils Arm-based data center processor, new AI chip
Google's tensor processing units (TPUs) are one of the few viable alternatives to the advanced AI chips made by Nvidia, though developers can only access them through Google's Cloud Platform and not buy them directly.
AMD hits US roadblock in selling AI chip tailored for China
AMD tried to gain a go-ahead from the U.S. Commerce Department to sell the AI processor to China. The chip has lower performance than what AMD sells outside of China, and was designed to meet U.S. export restrictions, the report added, citing people familiar with the matter.
Nearly all wealth gained by the world’s rich this year comes from AI
Among the 500 wealthiest individuals, 30 attribute at least some of their fortune to companies that are tracked by the Bloomberg Global Artificial Intelligence Index. Those holdings have boosted their net worth by a combined $124 billion so far this year, accounting for 96% of the total wealth gained on the Bloomberg Billionaires Index.
Hedge funds went on stock-buying spree ahead of job data: Morgan Stanley
Global hedge funds went on a stock-buying spree just ahead of a U.S. jobs report that drove the S&P 500 and Nasdaq to their highest closing levels since early 2022, a Morgan Stanley's prime brokerage note showed.
Indian design centres touch every aspect of our chip design globally: AMD CTO Mark Papermaster
The Santa Clara-based semiconductor company on Tuesday inaugurated a new AMD Technostar campus, its largest data centre globally, in Bengaluru. Even with the company’s new AI chip, which has a complex design with over 100 billion transistors, India has a role in each of these subsystems, Papermaster said.
AMD rises as AI chip sales prediction bodes well for rivalry with Nvidia
The optimism over AI chip sales helped ease worries about a disappointing fourth-quarter forecast and put it on course for market value gains of about $10 billion, based on the $104 share price.
AMD largest design centre Technostar shaping up well: Ashwini Vaishnaw
Advanced Micro Devices (AMD) in July announced a $400 million investment in India over the next five years and said it will build its largest design centre in Bengaluru.
Qualcomm amplifies chip gloom with 'sobering report', shares tank 8%
The company, which supplies to top handset makers Apple Inc and Samsung Electronics, was set to lose about $10 billion in market valuation, if the losses hold.
TSMC seeks $15 billion from US but objects to certain conditions: Report
TSMC, which in December more than tripled its planned investment at its new Arizona plant to $40 billion, is concerned about rules that could require it to share profits from the factories.
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