Intel’s open-source Linux graphics driver engineers are making progress in enabling the Xe2-based system for Lunar Lake integrated graphics. They are now focusing on the Battlemage discrete GPUs, successors to the DG2/Alchemist hardware. With the upcoming Linux 6.11 kernel cycle, they have achieved a critical milestone of being able to control a connected display/monitor via … Read more
Cloud software company Nutanix has launched the Nutanix AI Partner Program to bring together AI solutions and services partners to assist customers in running generative AI applications on the Nutanix Cloud Platform and the company’s GPT-in-a-Box platform. The program, unveiled on May 21, aims to provide customers with easier access to a wider ecosystem of … Read more
Intel (INTC) stocks have been on a downward trend while chip stocks like Nvidia (NVDA) and Broadcom (AVGO) have been hitting all-time highs. Despite being up 39% year to date, Intel has historically been a poor performer, being in the red for the last 2 and 5 years. Intel has struggled to reach its all-time … Read more
:max_bytes(150000):strip_icc()/MarketBlogImage-final-6ac06c7b9250446a8e86c566b11e02e1.png?w=1500&resize=1500,1013&ssl=1 "Stocks Remain Steady Before Jobs Report Release; GameStop Surges")
Stock Index Closures: Discount Retailers and AI Stocks in Decline The recent stock market movements in various indices have shown a mix of gains and losses in different sectors. Notable gainers included Salesforce and Amazon in the Dow Jones index, while Boeing also saw positive movement following the successful docking of its Starliner spacecraft. In … Read more
:max_bytes(150000):strip_icc()/GettyImages-1634408872-4b953e53db254f309cd5a112a691bcbc.jpg?w=1500&resize=1500,1000&ssl=1 "Important Information to Review Before Broadcom’s Earnings Release")
Broadcom, a semiconductor company, is preparing to announce its second-quarter earnings for fiscal 2024 on June 12. Analysts are expecting the company to report increased revenue compared to the same period last year. Investors will be particularly interested in the revenue growth related to artificial intelligence (AI), as Broadcom’s products are utilized in AI data … Read more
Team IM, an organization with around 40 employees, plans to expand by opening offices in Auckland and Christchurch in the next 12 months and aims to grow its workforce to 20 people over the next five years. They are looking to implement a solution using an existing Virtual Cloud Network (VCN) that will integrate virtual … Read more
IBM has introduced a new AI-based generative assistant called watsonx assistant for Z v1 for its mainframe platform. This assistant aims to simplify automation and assist clients with routine tasks by leveraging artificial intelligence technology from watsonx. Users can import existing automation built with Ansible, Job Control Language (JCL), and REXX as skills into the … Read more
Hewlett Packard Enterprise (HPE) saw a premarket rise of over 4% after being added to Evercore’s TAP list with an Outperform rating ahead of its second-quarter results. Analysts are anticipating the results for the April quarter, with mixed expectations. While AI revenue is expected to surpass expectations, there are concerns that HPE may fall slightly … Read more
Intel has announced the upcoming launch of its Lunar Lake processors, set to revolutionize AI capabilities in laptops in the third quarter of 2024. The Lunar Lake processors promise significant advancements in AI performance, with a neural processing unit (NPU) exceeding 45 tera operations per second (TOPS). This allows for faster execution of AI workloads … Read more
Nvidia’s recent earnings report exceeded expectations, with strong revenue driven by data center sales and impressive growth in other sectors such as gaming and auto. Despite concerns about increased spending to maintain market share in AI chips, Nvidia’s profitability remained strong. Adjusted earnings per share were above analysts’ forecasts, showing a 461% increase from the … Read more