DELL AI SERVER DEMAND
After iPhone, Foxconn’s next big revenue project in India is AI servers
Contract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run artificial intelligence (AI) models—at its Indian facilities, sources told ET.
AI's hunger for power can be tamed
Tech firms investing in AI must prioritize energy-efficient algorithms to combat environmental impact and rising power consumption, shifting away from current energy-intensive models towards more sustainable practices.
AI PC demand to pick up from 2025 once use cases emerge
The demand for AI laptops and desktops in India is projected to increase in 2025 as use-cases solidify and people integrate AI into regular workflows, according to industry experts.
Nvidia loses top spot to Microsoft after 3% drop
Nvidia's shares declined, losing its title as the world's most valuable company to Microsoft. Nvidia's market capitalization dropped by $91 billion to $3.34 trillion, while Microsoft's value also decreased to $3.30 trillion.
Nvidia loses top spot to Microsoft after 3% drop
Nvidia, whose market capitalisation surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88.
Dell, Super Micro providing server racks for xAI's supercomputer
Dell is assembling half of the racks for xAI's supercomputer, Musk said on X. In a reply to another post enquiring about the second partner, the billionaire said "SMC" - referring to server maker Super Micro.
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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.
Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
Dell shares slump 18% as heavy AI investments expected to dent margin
Dell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.
Nvidia cuts China prices in Huawei chip fight
The flattening prices underscore the challenges Nvidia's China business faces amid U.S. sanctions on AI chip exports and heightened competition, casting a cloud over its future in a market that contributed 17% to its revenue for fiscal 2024.
Nvidia cuts China prices in Huawei chip fight, sources say
Nvidia's advanced AI chip designed for the Chinese market is facing challenges, with oversupply leading to lower prices than Huawei's rival chip. This highlights the difficulties Nvidia faces in China due to US sanctions and competition. While Nvidia aims to capture market share, the future looks uncertain. China's AI industry is growing, and Nvidia is balancing market needs and US tensions. The H20 chip's performance will be crucial, especially against Huawei's Ascend 910B, which is expected to see increased shipments.
Broadcom acquisition of VMWare creating a storm of uncertainty, risk: Nutanix CEO
As part of its slew of announcements on Tuesday, Nutanix said it is working jointly with Cisco to certify Cisco UCS blade servers as part of the strategic partnership between Nutanix and Cisco.
World's billionaires club booms with record 15 members over $100 billion
The world's super-rich club has reached a record high, with 15 members now holding fortunes over $100 billion. Their combined net worth has surged 13% this year to $2.2 trillion, outpacing inflation and the stock market. Among them are new entrants like L'Oreal heiress Francoise Bettencourt Meyers and Dell founder Michael Dell, while old names like Mexican billionaire Carlos Slim and Indian tycoon Gautam Adani have also rejoined the elite group. Leading the pack are Bernard Arnault, Jeff Bezos, and Elon Musk, with Arnault holding the title of the wealthiest person.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
17 cos to start production this year under IT hardware PLI 2.0
The Indian government is expecting most manufacturers qualified under the revised production-linked incentive (PLI) scheme for IT hardware to start production this year, according to the electronics and information technology ministry secretary S Krishnan. About 17 out of 27 PLI companies will start production, with six-seven starting last year and two planning to start next year.
Netweb Technologies starts commercial production at a new facility in Faridabad
Netweb Technologies launches high-end computing production at new Faridabad facility, aiming for Rs 2,000 crore turnover. Expansion plans include employee increase and international exports of Nvidia computers.
Majority of manufacturers to begin production under revised PLI scheme
The government had approved the application of 27 companies, including HP, Dell, Flextronics, Lava International, Lenovo, Netweb Technologies, under a revised PLI scheme for IT hardware that offers higher incentives and includes a localisation schedule.
As many as 17 firms under IT hardware PLI to start production this year: IT Secretary
Most IT hardware PLI scheme participants, including major players like Dell and HP, are set to commence production this year, according to a Ministry of Electronics and IT official. 17 out of 27 selected companies are expected to begin production, with the India AI Mission prioritizing domestic firms.
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.
Intel shares slump over 12% as AI competition hurts forecast
Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was diverting enterprise spending away from its traditional data center chips.
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Chinese entities obtained advanced Nvidia chips through resellers post U.S. ban expansion. The servers contained Nvidia's most advanced chips and were made by various manufacturers. Potential diversions to China were highlighted.
Mega Networks plans to make AI servers in Maharashtra
Mega Networks is one of two Indian firms chosen for the production-linked incentive (PLI) scheme 2.0 for IT hardware. Under this, the government gives an incentive of around 5% on net incremental sales of goods manufactured in India.
Rivos raises $250 million to develop RISC-V AI chips
Rivos raises $250 million for AI server chip to challenge Nvidia's market dominance. Plans for RISC-V architecture chips. Strategic investments from Lip-Bu Tan, Matrix Capital Management, Intel, MediaTek, and Dell Technologies.
AMD introduces AI chips for business laptops and desktops
AMD launches new semiconductors for AI business laptops/desktops, boosting shares. HP/Lenovo to release chips in Q2 2024. AI PCs vital for PC market recovery, facing competition from Nvidia and Intel.
Super Micro Computer rides AI server boom to join S&P 500
Super Micro Computer, which joins the S&P 500 on Monday, enjoys a rare advantage among server makers that are trying to tap the generative AI boom - close ties with Nvidia that help it launch products faster than rivals Dell and Hewlett Packard Enterprise.
Apple supplier Foxconn turns upbeat on 2024, cites huge demand for AI servers
The upbeat tone comes after a forecast-beating 33% jump in net profit for the fourth quarter. It also contrasts sharply with remarks by Foxconn Chairman Young Liu in November that the world's largest contract electronics maker had "relatively conservative and neutral" expectations for 2024.
Nvidia closes with $2 trillion valuation as Dell stokes AI rally
Nvidia's stock added 4% after Dell, which sells high-end servers made with Nvidia's processors, gave an upbeat forecast late on Thursday, pointing to a surge in orders for its AI-optimized servers.
Dell forecasts upbeat fiscal 2025 on AI server demand
Dell is a beneficiary of rising demand for its AI servers that are equipped with chip designer Nvidia's graphics processing units (GPUs), which helps to meet the demands of high-performance computing.
Micron revenue forecasts strong recovery, shares jump
Demand for flash storage and dynamic random access memory (DRAM) should keep improving next year, while at the same time supply will begin to approach historically normal levels, the memory chipmaker said.
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