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Intel’s stock soars as the company’s ‘blue-chip roster’ of customers looks to be growing
Investors are cheering the idea that Intel could serve as a backup chip manufacturer for Nvidia and Google.
OpenAI's chief chip designer leaves in 16 months, joins Anthropic
OpenAI's Custom Chip program lead Clive Chan just announced his is leaving Sam Altman's company to join Anthropic. Chan joined OpenAI in January 2024. As per Chan's LinkedIn his designation at OpenAI was Member of Technical Staff and it is the same designation that he is joining Anthropic.
Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up
Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up June 9 : Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom's custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker. The initial commitment will expand the Claude Code creator's AI computing capacity by one gigawatt, the companies said on Tuesday. One gigawatt is enough to power about 750,000...
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...
Broadcom's second-quarter revenue misses estimates as competition bites
Broadcom's second-quarter revenue misses estimates as competition bites 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 11 per cent in extended trading. Second-quarter revenue came in at $22.19 billion, missing estimates of $22.27 billion, as Broadcom races with Nvidia whose dominant graphics processing units remain the...
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.
Micron, Marvell, and Broadcom lead chipmakers' premarket losses
Technology stocks fell in premarket trading Thursday, with chipmakers Broadcom, Micron Technology and Marvell Technology leading the losses as investors fled the semiconductor space. Broadcom shares were down 15.1% ahead of the market open after the company, which designs and makes customized AI chips for other technology names, reported weaker-than-expected earnings on Wednesday. The fall was part of a broader retreat from chipmakers and other tech stocks ahead of Thursday's market open.
Computex 2026: All the news and announcements
Computex 2026 is kicking off in Taipei, Taiwan this week, where Nvidia, AMD, Qualcomm, Intel, and other tech brands are announcing new laptops, handhelds, chips, and more. Nvidia unveiled RTX Spark, its first family of consumer PC chips, arriving in laptops and mini PCs starting this fall. Intel is launching two new custom chips made for handheld gaming devices, the Arc G3 and Arc G3 Extreme, which will power the upcoming Acer Predator Atlas 8. Qualcomm is taking aim at the MacBook Neo...
Samsung's shares surge as much as 6% after company ships next-generation AI memory chip samples
Shares of Samsung Electronics surged after the company began shipping HBM4E chip samples to its customers globally.
Marvell shares jump after chipmaker wins spot in S&P 500
Marvell shares jump after chipmaker wins spot in S&P 500 June 8 : Marvell Technology shares climbed more than 9 per cent on Monday after the chipmaker was set to join the benchmark S&P 500 at the end of June, in the latest boost to a stock that has surged recently. Its shares have gained about 59 per cent since May 27 after the company forecast its custom-chip business would surpass $10 billion in revenue in fiscal 2029 and Nvidia CEO Jensen Huang called Marvell the next "trillion-dollar...