Chip stocks experienced a surge in after-hours trading on Wednesday, led by chipmaker giant Nvidia. The company’s shares rose by approximately 0.6% to surpass $136 during early morning after-hours trading when U.S. markets were closed. This increase followed Nvidia’s all-time high on Tuesday, closing at $135.58 with a growth of over 3.5%. Similarly, other chip … Read more
The President of Intel China recently spoke about the company’s strategies for the foundry and automotive chip markets in China. He emphasized the importance of digitization in these sectors and highlighted the company’s commitment to advancing technology in these areas. The President discussed Intel’s plans to expand its foundry business in China, aiming to meet … Read more
Stock market futures are indicating a lower opening, with S&P 500 down 18 points and Nasdaq 100 down 52 points. Tech stocks are experiencing pre-open losses, adding to negative sentiment driven by growth concerns after a weak ISM manufacturing report. Treasury yields and oil prices are lower this morning due to continued concerns about the … Read more
Broadcom, a renowned technology company based in Silicon Valley, is expected to see a surge in chip demand due to the growing field of generative AI. The recent acquisition of VMware has further strengthened Broadcom’s product offerings, especially in custom and networking chips, which are well-positioned for growth in the AI sector. Analysts at Melius … Read more
Intel Corp. and 14 Japanese partner companies are teaming up to utilize Sharp’s underused LCD plants in Japan for advanced semiconductor production technology research. This collaboration aims to reduce costs for the alliance and generate much-needed revenue for Sharp. Specifically, Intel will focus on back-end chip production processes like assembly, working alongside suppliers such as … Read more
Broadcom, a leading chip supplier, is expected to see a significant increase in its stock price following speculation that the company has secured a major contract with Alphabet for its next-generation AI ASIC accelerator chips. JPMorgan analyst Harlan Sur predicts that this contract could boost Broadcom’s stock by 20% from its current level. Sur estimates … Read more
Intel Corp. and Sharp of Japan have come together in a collaboration aimed at advancing semiconductor production processes while also reducing costs. This partnership will involve the use of Sharp’s LCD plants in Japan for research on advanced chip production technologies. By utilizing these underutilized facilities, the alliance hopes to lower expenses and generate revenue … Read more
Fund manager, Stephen Yiu, believes an “overlooked” chipmaker could potentially outperform Nvidia in the future. He points to the chipmaker’s billions in AI chip sales as evidence of its potential growth. Despite Nvidia’s dominance in the market, Yiu sees this lesser-known company as a strong competitor with room for growth. Yiu, who manages the Blue … Read more
JPMorgan analysts revealed in a recent note that Broadcom has secured the design contract for Google’s upcoming TPU v7 artificial intelligence chip. This partnership marks the seventh generation of AI chips that Broadcom has collaborated on with Google, showcasing their long-standing relationship in this sector. The analysts mentioned that Broadcom’s success with Google reflects a … Read more
Broadcom Inc. (AVGO) has seen a significant increase in its stock price of over 77% in the past year, reaching a market capitalization of around $655 billion. JPMorgan analyst Harlan Sur considers Broadcom to be the second-largest supplier of AI semiconductors globally, behind Nvidia Corp. (NVDA). Broadcom holds between 55% to 60% of the custom … Read more