All articles tagged with #ai processors
AMD's stock surged after the company announced ambitious financial targets, including over 35% revenue CAGR and a data center market forecast of $1 trillion by 2030, driven by AI processor growth and strategic partnerships, positioning AMD for a new era of industry-leading expansion.
Nvidia's shares surged after US President Trump indicated he would discuss the export of Blackwell AI processors to China with Xi Jinping, raising hopes of a deal that could propel Nvidia to a $5 trillion market value and significantly impact US-China tech relations.
Nvidia's stock experienced fluctuations after securing a significant deal with British data center operator Nscale, which will supply around 200,000 AI processors for Microsoft in Europe and the U.S., including a major project in Texas. The company is also involved in a $40 billion acquisition of Aligned Data Centers and received an upgrade from HSBC, which raised its price target to $320, reflecting optimism about Nvidia's growth in AI processing markets.
Broadcom's stock surged over 10% after announcing a multiyear deal to supply AI processors to OpenAI, following similar agreements with AMD and Nvidia, as part of OpenAI's extensive AI infrastructure expansion expected to deploy 10 gigawatts of AI accelerators by 2029.
TSMC is a leading manufacturer of advanced processors, primarily for AI and high-performance computing, with a strong focus on 3nm and 5nm chip technology. The company derives most of its revenue from these cutting-edge chips, mainly serving North American tech giants, and is well-positioned for continued growth in AI infrastructure spending. Its dominance in manufacturing the world's most advanced processors and strategic geographic focus make TSMC a compelling stock for the future.
AMD's stock surged ahead of the launch of its Ryzen Threadripper 9000 Series, targeting professional markets with a focus on AI capabilities, which has contributed to a year-to-date rally and positive investor sentiment. The company is also preparing for its upcoming earnings report, with analysts generally rating the stock as a moderate buy, though with a potential downside based on price targets.
AMD CEO Lisa Su announced at the 'Advancing AI' conference that the company's latest AI processors, including the MI355 chip series, are significantly faster and more cost-effective than Nvidia's, aiming to challenge Nvidia's dominance in the AI market, which is expected to grow beyond $500 billion in the next three years.
Nvidia CEO Jensen Huang highlights the powerful tech inside the upcoming Switch 2, emphasizing its evolution of Satoru Iwata’s vision for a portable, cinematic gaming console, and notes the significant development effort to realize this next chapter in gaming.
Nvidia and Google are collaborating to design quantum AI processors, leveraging Google's hybrid quantum-classical computing platform. This partnership aims to advance the development of quantum computing technologies. Following the announcement, Nvidia's stock fell by 1.6%, while Google's stock saw a 1.3% increase.
Elon Musk redirected $500 million worth of Nvidia AI processors originally intended for Tesla to his social media platform X, according to internal Nvidia emails. This move could delay Tesla's AI and self-driving car projects, raising concerns among shareholders about Musk's commitment to the EV company. Musk defended the decision, stating Tesla had no immediate use for the chips and that they would be redirected back to Tesla later. The news comes amid ongoing tensions over Musk's proposed $55 billion pay package and his influence over Tesla's board.
U.K.-based AI processor developer Graphcore is reportedly exploring a potential sale due to financial challenges, with rumored buyers including Arm, OpenAI, and Softbank. Despite raising substantial funds, the company has struggled to gain traction in the AI processor market and faces the need to raise more funds by May 2024. The company's recent financial difficulties, including staff layoffs and office closures, have led to speculation about a potential sale, with national security scrutiny likely due to the strategic importance of AI technology.
Nvidia is establishing a new business unit to develop custom chips for cloud computing and AI, aiming to tap into a $30 billion market and counter the increasing competition in the semiconductor industry. The company's dominant position in AI chips has led major customers like Microsoft, Alphabet, and Meta Platforms to seek alternatives, prompting Nvidia to offer custom AI chips to meet specific needs. The move is expected to impact competitors like Broadcom and Marvell, and Nvidia also plans to target the telecom, automotive, and video game markets with its custom chip offerings.
Microsoft is collaborating with AMD to expand into artificial intelligence (AI) processors, as part of a strategy to secure more of the highly coveted components and offer an alternative to Nvidia, which dominates the market for AI-capable chips called graphics processing units. Microsoft is providing support to bolster AMD’s efforts, including engineering resources, and working with the chipmaker on a homegrown Microsoft processor for AI workloads, code-named Athena. The move reflects Microsoft’s deepening involvement in the chip industry and its urgent need for more computing power to support its AI programs, including those developed by OpenAI.