Intel stood out in the technology sector in 2024, amidst widespread layoffs across the industry. Despite some job cuts in other areas, the company did not feature on the layoff list. In fact, Intel saw its highest single-year hiring count in at least the last 20 years, with 600 new hires in 2023. The majority … Read more
During the IBM Think Conference, IBM announced a collaboration with Amazon Web Services (AWS) to bring IBM’s Watsonx AI and data platform offerings to AWS services. This partnership will involve integrating IBM watsonx.governance and Amazon SageMaker to help customers manage risk, compliance obligations, and support model development in line with regulatory requirements like the EU … Read more
Bullish options activity has been identified in IBM, with 21,584 calls traded, which is three times the expected amount. The implied volume has also increased by over 1 point to 16.82%. The most active options are the May 24 weekly 172.5 calls and the May 24 weekly 175 calls, with a total volume of close … Read more
Semiconductor chip companies are seeing increased interest from investors due to the rapid growth of artificial intelligence in various industries. NVIDIA and Advanced Micro Devices (AMD) are two companies that are expected to see significant growth in the coming years. NVIDIA has become a dominant player in the AI chip market, with its stock price … Read more
Intel’s stock experienced a mix of good news and bad news with the unveiling of their new Lunar Lake processors which are set to rival other top competitors in the market. However, concerns arose over whether these chips will be enough to stay competitive in the future, leading to a slight drop in Intel’s shares … Read more
Microsoft, listed on the NASDAQ as MSFT, has launched a new personal computer called the “Copilot+ PC” that is powered by artificial intelligence (AI). This move is in line with the company’s strategy of incorporating AI into its products, giving Microsoft a competitive edge. The Copilot+ PCs come with a “Recover” feature that tracks user … Read more
Oracle Coalfields has recently made an announcement regarding changes in its shareholder structure. Peel Hunt LLP, a London-based company, now holds 23.093554% of the voting rights in Oracle Power PLC, surpassing a significant threshold on May 20, 2024. This translates to over 1.5 billion votes in the energy company. The increased stake by Peel Hunt … Read more
Dell Technologies is joining forces with Nvidia to incorporate Nvidia’s latest Blackwell GPUs into Dell servers, specifically the new PowerEdge XE9680L server. This server will include eight Nvidia Blackwell Tensor Core GPUs along with direct liquid cooling, aimed at enhancing data center performance for AI workloads. The market reaction to this collaboration was mixed, with … Read more
Microsoft has announced plans to offer AMD AI chips to its cloud computing customers in an effort to compete with Nvidia components. The company will provide more details at its Build developer conference next week and will preview its new custom Cobalt 100 processors at the event. Microsoft will offer AMD’s flagship MI300X AI chips … Read more
Piper Sandler has increased Cisco’s price target to $52 from $51 and has maintained a Neutral rating on the stock. The company’s shares rose by 5% after the third-quarter results, which showed a relatively in-line organic quarter and guidance. Piper Sandler noted that there was improving outbound demand and multiple leadership metrics that exceeded buyers’ … Read more