HIGH TECH CHIPS
Japan's main stock indexes at record closing highs as banks, autos and techs rise
Japan's Topix and Nikkei hit record highs, led by gains in automakers, banks, and tech firms like Toyota, Honda, Mitsubishi UFJ, Advantest, and SoftBank. Yugo Tsuboi cited interest rates, a weak yen, and economic improvement. The TSE’s prime market saw 59% of stocks rise, with a positive corporate outlook expected, according to Daiwa Securities.
SoftBank trades above record-high close in win for Masayoshi Son
SoftBank's shares surge on AI and chip investments, led by Masayoshi Son's strategic moves with key partnerships and focus on energy-efficient architecture. Despite market volatility and past setbacks, the company remains a prominent player in the global tech landscape.
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.
AI drinks energy up - quantum computing will work to our advantage, but the tech is new
The rapid advancement of computing over the past 70 years, driven by increases in computing power, has revolutionized various sectors such as banking, communication, healthcare, product design, and warfare. Semiconductor chip technology plays a crucial role in this growth. However, the future of computing faces a significant challenge due to the increasing power needs of AI innovations like ChatGPT. This surge in demand poses a threat to the sustainability of global energy resources and the environment.
Bulls March Ahead! Sensex, Nifty scale fresh highs led by gains in RIL, UltraTech
Within the blue-chip Nifty50 pack, UltraTech Cement was the top gainer with an upside of 2%. Other gainers were ICICI Bank, L&T, NTPC, LTIMindtree, and Bajaj Finance. On the other hand, stocks like Apollo Hospitals, Hindalco, M&M, and HDFC Bank came under selling pressure with losses of up to 1.6%.
China's ByteDance working with Broadcom to develop advanced AI chip
China's ByteDance collaborates with U.S. chip designer Broadcom to develop a 5nm AI processor, ensuring a stable supply of high-end chips for TikTok and other apps amid U.S.-China tensions.
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Beyond Nvidia: the search for AI's next breakthrough
For a few days, AI chip juggernaut Nvidia sat on the throne as the world's biggest company, but behind the its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence bonanza. "If you look across the chip history, we really have for the most part focused on more general chips," Rebecca Parsons, CTO at tech consultancy Thoughtworks, told AFP. Providing more specialized processing for the many demands of AI is an opportunity seized by Groq, a hot startup that has built chips for the deployment of AI as opposed to its training, or inference -- the specialty of Nvidia's world-dominating GPUs. that Nvidia won't be the best at everything, even if they are uncontested for generative AI training.
Nvidia has rubbed off on India, and that is a warning
Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.
S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
The S&P 500 and Nasdaq hit record highs fueled by Nvidia's surge, overtaking Microsoft as the most valuable company. Chip stocks, including Qualcomm and Micron, rallied, boosting the Philadelphia SE Semiconductor index to a new peak.
Nifty hits fresh record high, Sensex soars 500 pts on gains in IT stocks; Fed outcome in focus
Indian shares kicked off Wednesday's trading session on a positive note, driven primarily by gains in IT stocks. The market anticipates the release of a crucial U.S. inflation report and the Federal Reserve's policy decision, both of which are likely to impact near-term interest rate trends.
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.
US stocks mixed as Nvidia retreat hits tech stocks; payrolls data in focus
The Nasdaq and S&P 500 touched fresh intraday record highs shortly after the open, however, initial gains fizzled out as Nvidia slipped more than 2%. In the previous session, it had crossed $3 trillion in market valuation and overtaken Apple as the world's second most valuable company.
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.
Like a pop star, Nvidia's CEO Huang stirs up 'Jensanity' in Taiwan
Huang, the local boy who made good, is the subject of wall-to-wall coverage on Taiwanese television and reporters trail him constantly. He was mobbed by attendees at the Computex tech trade fair and has featured in thousands of social media posts.
Eye on AI: Tech giants form industry group, Apple-OpenAI deal and other top developments
Google, Microsoft, Intel and other tech companies have come together to take on chipmaking giant Nvidia. Apple partners with OpenAI. The ChatGPT maker is training its new flagship model to succeed GPT-4. Google is putting limits on AI search experience. French unicorn startup Mistral releases generative AI model for coding.
Samsung Electronics union announces first-ever strike
Samsung Electronics in wage negotiations with union since January, failed to narrow differences, known for producing high-end memory chips for generative AI.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
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.
Japan's Nikkei hits closing high as Nvidia earnings boost tech
Japan's Nikkei share average rose to a one month high led by tech stocks after Nvidia's strong earnings. Analyst Kenji Abe from Daiwa Securities mentioned the positive impact on Japanese tech stocks, especially semiconductor-related companies.
If China invades Taiwan, ASML and TSMC can disable chip machines
ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have measures in place to remotely disable chipmaking machines in the event of a Chinese invasion of Taiwan. The US government has expressed concerns about the impact of such an attack on the global semiconductor supply chain. ASML's advanced EUV machines are crucial in this scenario, with TSMC being a major client. The stakes are high as Taiwan produces around 90% of the world's most advanced chips.
Engineers India and Ircon are blue chips, holding them is akin to sitting on gold: Sanjiv Bhasin
Sanjiv Bhasin discusses the US-China relationship and the impact of tariffs on imports, highlighting potential cost benefits for India due to lower reliance on China. He also mentions the positive market trends and opportunities for investors. Bhasin says: "If you want to get new entrants, Engineers and Ircon are two stocks which we think can double and still look cheap."
Boom in semiconductor industry drives demand for tech roles
The semiconductor industry in our country is experiencing rapid growth fueled by high demand and enabling government policies. Industry experts note a significant surge in demand for semiconductor professionals, with a conservative estimate suggesting a compound annual growth rate of around 100% in open positions over the last three years.
Best tech gadgets this 2024: From M4 iPad Pro to MSI Claw | Specifications, details & features
If you are a tech geek and busy hunting for some top-notch tech gadgets of the current year, it looks like we have got you covered. Here are the details about the newly released gadgets like M4 iPad Pro, MSI Claw & more that will brighten your tech experience!
Huawei's new phone uses more China-made parts, memory chip
Huawei's Pura 70 Pro showcases China's tech self-sufficiency advancements through increased use of Chinese suppliers, including HiSilicon's NAND memory chip, and Kirin 9010 processor, challenging U.S. sanctions and impacting the smartphone market.
Apple unveils new AI-focused chip in iPad Pro upgrade
Apple introduces M4 chip in iPad Pro for AI tasks, focusing on AI integration. New iPad Air models with M2 chip. Analysts highlight importance of neural engine in Apple's latest products.
China's version of Neuralink unveiled at tech forum
Beijing Xinzhida Neurotechnology unveiled Neucyber, a BCI implant similar to Neuralink's tech. It enables a monkey to control a robotic arm with thoughts, marking China's entry into high-performance invasive BCI technology.
Intel to launch two AI chips for China with reduced capabilities
Intel and Nvidia to launch China-specific AI chips, HL-328 and HL-388, complying with U.S. export controls. Nvidia's H20 chip to be delivered in 2024.
ASML, computer chip firms testify to parliament on tax, policy needs
The appeal comes as ASML weighs what share of its future operations will be based in the Netherlands, and one week after the Dutch government presented a plan to spend 2.5 billion euros ($2.7 billion) on improving infrastructure in the Eindhoven region to keep ASML from leaving.
Nikkei edges back from near record high as tech stocks weigh
Nintendo also tumbled following media reports that the successor to its switch game console won't be released until early 2025, instead of later this year.
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