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Nvidia announces new AI chip for personal computers
Nvidia announces new AI chip for personal computers Nvidia has announced a new chip for PCs as it moves into the consumer market for devices integrated with AI technology. "This reinvention of the computer is as big of a deal as the reinvention of the phone into what we now know as the smartphone," Nvidia's chief executive Jensen Huang said as he unveiled the RTX Spark chip. Huang made the announcement on Monday as he delivered a keynote speech ahead of the opening of the Computex technology...
Broadcom forecasts quarterly revenue above estimates on strong AI chip demand
Broadcom forecasts quarterly revenue above estimates on strong AI chip demand (Corrects to say adjusted profit beat estimates, not trailed, in paragraph 7) June 3 : Broadcom forecast third-quarter revenue above Wall Street expectations on Wednesday, betting on robust demand for its custom AI chips and networking gear. However, shares of the Palo Alto, California-based company fell more than 2 per cent in extended trading.
Cerebras shares climb as Wall Street brokerages back AI chip strategy
Cerebras shares climb as Wall Street brokerages back AI chip strategy June 8 : Cerebras shares gained on Monday as multiple Wall Street firms initiated coverage with bullish calls after the quiet period, backing the chip designer's unconventional AI strategy more than three weeks after its strong debut. Shares of the company rose 5.5 per cent in premarket trading, with at least nine brokerages — including IPO bookrunners Morgan Stanley, Citigroup, Barclays and UBS — initiating coverage of...
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China
US takes step to halt Nvidia AI chip shipments to Chinese firms outside China The United States Department of Commerce on Sunday (May 31) moved to close a potential loophole that may have led companies to export the world's most advanced chips - like Nvidia's most sophisticated Blackwell processors - to subsidiaries of Chinese companies located outside China. The unexpected guidance suggests that the US' best AI chips may have been making their way to the subsidiaries of Chinese artificial...
Broadcom's revenue misses estimates as AI chip race heats up, shares tumble
Broadcom's revenue misses estimates as AI chip race heats up, shares tumble June 3 : Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday, as increased competition in the custom semiconductor market hurt gains from its AI chips, sending its shares down more than 13 per cent in extended trading. Second-quarter revenue of $22.19 billion missed estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphics processing units remain the industry...
How the AI chip boom has made South Korea a victim of its own success
Advertisement Macroscope How the AI chip boom has made South Korea a victim of its own success While tech giants are driving South Korea’s stock market higher, the country’s currency is struggling and foreign investors are pulling out 3-MIN READ3-MIN Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. For a sign of how the fierce demand for memory chips triggered by the boom in artificial intelligence (AI) is benefiting...
Sen. Warren calls for Trump to close "loophole" allowing AI chips to be sent to overseas units of Chinese firms
Sen. Warren calls for Trump to close "loophole" allowing AI chips to be sent to overseas units of Chinese firms WASHINGTON, June 1 : Democratic Senator Elizabeth Warren is calling on the Trump administration to close a "loophole" that has potentially allowed advanced American AI chips to be sent to overseas units of Chinese firms, according to a statement seen by Reuters. Warren, who serves as ranking member on the Senate Banking Committee, also urged Commerce Secretary Howard Lutnick to...
Broadcom's sales and AI chip forecast comes in below expecations, shares tumble
Broadcom's sales and AI chip forecast comes in below expecations, shares tumble June 3 : Chipmaker Broadcom missed Wall Street expectations for second-quarter revenue on Wednesday and its top executive left a previous 2027 sales forecast unchanged, sending its shares down more than 13 per cent in extended trading. Second-quarter revenue of $22.19 billion missed estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphics processing units remain the industry standard for...
US says ban on AI chip shipments applies to Chinese firms outside China
US says ban on AI chip shipments applies to Chinese firms outside China Department of Commerce issues guidance on chip restrictions amid concerns about loopholes in export control regime. The United States has issued a notice affirming its restrictions on shipments of semiconductors to subsidiaries of Chinese companies located outside China amid concerns about loopholes in Washington’s export control regime. The Department of Commerce said in the guidance issued on Sunday that its licensing...
ServiceNow, Adobe stocks jump as Nvidia’s new AI chip sparks software rally
As AI agents spur demand for more software — not less — major enterprise cloud platforms are staging a comeback.