Resilient tape pushes stocks to new highs
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video…
Microsoft wants to mainly use its own AI chips in the future
Microsoft Chief Technology Officer and Executive Vice President of Artificial Intelligence Kevin Scott speaks at the Microsoft Briefing…
Meta Is Said to Acquire Chips Startup Rivos to Push AI Effort
Meta Platforms Inc. is acquiring chips startup Rivos Inc., according to a person familiar with the deal, part…
CoreWeave Inks $14 Billion Meta Deal, Highlighting AI Demand
CoreWeave Inc. has signed a deal to supply Meta Platforms Inc. with as much as $14.2 billion worth…
Nvidia gets a price target hike from Citi on AI infrastructure growth, OpenAI deal
Nvidia is poised for further upside as it ramps up initiatives to improve AI infrastructure, including new products…
AI Chip Startup Rebellions Gets Funds at $1.4 Billion Valuation
Rebellions Inc. raised $250 million from investors including Arm Holdings Plc to mass produce its chip and speed…
Jim Cramer explains why he thinks the AI boom is different than the dotcom bubble
CNBC’s Jim Cramer on Monday pushed back against the narrative that Wall Street’s fervor for artificial intelligence is…
Huawei to Double Output of Its Advanced AI Chip Ascend, Unseat Nvidia in China
Huawei Technologies Co. is preparing to sharply ramp up production of its most advanced artificial intelligence chips over…
AI Boom Powers Triple-Digit Gains in China’s Hardware Stocks
A trio of Chinese hardware makers has emerged as the darlings of the A-share market this year, thanks…
Why the crazy spending of this AI boom isn’t like the dot-com bubble
If I hear one more hedge fund oligarch on television tell me that the data center buildout/artificial intelligence…
Magnificent 7 Is Passe. This Group of AI Stocks Can Replace It
Wall Street’s most powerful collection of stocks, the Magnificent Seven, is looking a tad dated. Make way for…
Ways to play possible $4 billion quantum computing market, BofA says
Patient investors with a long-term horizon can look at the rapidly growing quantum computing market for opportunities, according…