Shares of Intel surged more than 6% on Monday as analysts predicted that the company would benefit from the increasing interest in AI-powered personal computers and other technology-related hardware trends. The stock reached a two-month high, outperforming on both the Nasdaq 100 and the Dow Jones Industrial Average. Despite a bearish signal earlier in the … Read more
Nvidia had a volatile week in the stock market, but managed to bounce back after a significant loss in market capitalization. On Thursday, the stock closed at $123.99, showing a nearly 5% increase from Monday’s closing price. However, it is still below last week’s all-time high of $140.76. Despite the ups and downs, Nvidia shares … Read more
For over a decade, Apple has held the title of the most valuable company in the world, reaching a market capitalization of over $3 trillion, largely due to the success of the iPhone. However, Apple was recently surpassed by Microsoft, and now a Bay Area company, Nvidia, has taken the lead as the new king … 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
Samsung is facing challenges with its latest HBM3 and HBM3E memory stacks as they failed Nvidia’s tests due to excessive heat and power consumption issues, according to Reuters. This is significant as Nvidia dominates the global market for processors for artificial intelligence applications and relies on HBM supplies for its processors based on the Hopper … Read more
Nvidia, a leading chipmaker, recently reported impressive first-quarter revenue of $26 billion, marking an 18% increase from the previous quarter and a 262% spike from the previous year. The company’s success is largely attributed to its dominant position in the market for specialized AI chips, necessary for training and operating large generative AI models. The … Read more
Chipmaker Broadcom is selling its end-user computing (EUC) unit to private equity firm, KKR, for £3.1 billion ($4 billion). The move aims to streamline Broadcom’s portfolio following its £54.4 billion ($69 billion) purchase of VMware last year. When finalised, the EUC unit will function as a standalone company, run by its existing management team and … Read more
(Reuters) -Chipmaker Broadcom is selling its unit that allows users to remotely access desktops in a deal valued at about $4 billion to KKR, furthering CEO Hock Tan’s efforts to streamline the firm’s portfolio following its VMware takeover. The end-user computing (EUC) unit will become a standalone company and will continue to be run by … Read more
(Reuters) -Chipmaker Broadcom is selling its unit that allows users to access desktops and applications from any device to private-equity firm KKR in a deal valued at about $4 billion, as part of its efforts to simplify its business after VMware’s acquisition last year for a whopping $69 billion. The end-user computing (EUC) unit will … Read more
Broadcom bought VMware for $61bn in 2023 Credit: Getty Images / Justin Sullivan / Staff Chipmaker Broadcom is selling its unit that allows users to remotely access desktops to KKR in a deal valued at around $4bn. The deal marks the latest… Source link