Nvidia is rapidly closing in on Microsoft as the most valuable company in the world, reaching a market value of over $1 trillion. However, some investors are skeptical of its continued growth, with $34 billion in short bets against the company, nearly doubling those against Apple and Tesla combined. Despite this, the short bets against … Read more
Hewlett Packard Enterprise Co. has announced a $1.4 billion deal to acquire supercomputer maker Cray Inc. in an effort to enhance its position in high-end computing. The agreement will see Cray investors receiving $35 per share in cash, representing a 17% premium over the previous closing price. This acquisition marks HP Enterprise’s largest deal since … Read more
Marketing and Marketing Research Pvt. Limited. Limited based in Chicago has released a report forecasting the growth of the IIoT platform market. The report projects that the market size will increase from $9.5 billion in 2023 to $18.2 billion in 2028, with a compound annual growth rate (CAGR) of 13.9% over the forecast period. The … Read more
Nvidia CEO Jensen Huang’s net worth has surged by $87 billion in just five years, making him one of the richest individuals globally. His stake in the chip-making company has soared from $3 billion to over $90 billion, driven by record-high shares and exceptional first-quarter earnings that exceeded expectations. The company’s sales have increased by … Read more
Hock Tan, the CEO of chipmaker Broadcom, received a stock reward of $161 million, making him one of the highest-paid CEOs. The recent surge in Broadcom’s stock price has sparked interest in the possibility of further compensation increases, with its market value currently exceeding $1.3 billion. Broadcom disclosed that Tan’s share award covers a five-year … Read more
Nvidia has reported a record $26 billion in total revenue, with data center sales accounting for more than $22.6 billion. The company’s founder and CEO, Jensen Huang, highlighted the impact of artificial intelligence (AI) in revolutionizing data centers and driving significant productivity gains across industries. Nvidia’s revenue increased by 18% from the previous quarter and … Read more
Microsoft is rumored to be considering a $16 billion offer to acquire Valve, the operator of Steam. The rumor was started by a user on X with the handle vDiorCS, who is a lawyer involved in video games and the capital markets. However, the rumor lacks credible sources and has been flagged as misleading by … Read more
AI models have become crucial in enhancing computing efficiency, productivity, and user experiences. Researchers are focused on addressing the issue of high computational demand in AI models, which often require significant power and resources, limiting their use on smaller devices like personal computers. Microsoft researchers have introduced Phi Silica, a small language model tailored for … Read more
Stocks saw a rally on Friday, with the S&P 500 marking its fifth consecutive week of gains. This surge was largely driven by tech stocks, a sector that has been leading the market’s upward momentum since late 2022. The Nasdaq Composite hit a new all-time high on Friday, while the Dow Jones Industrial Average also … Read more
Alphabet, the parent company of Google, has a segment called Other Bets which includes a $7 billion investment fund known as CapitalG. This fund focuses on providing cash injections and expertise to companies in the growth phase, with 16 of its investments leading to IPOs. Additionally, Alphabet has investments in 43 publicly traded companies, worth … Read more