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Nasdaq, US stocks slide as Fed forecasts possible rate hike
Yahoo Finance Video99d agoneutralVIDEO
Nasdaq, US stocks slide as Fed forecasts possible rate hike

US stocks (^DJI, ^IXIC, ^GSPC) ended Wednesday's session in negative territory after Federal Reserve officials unanimously voted to hold interest rates at their June FOMC meeting today, while also forecasting at least one possible rate hike ahead. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the trading day's market reactions to the Fed's big decision. This was Kevin Warsh's first FOMC meeting he presided over as the new chairman of the Fed.

Micron Stock Rebounds But Memory-Chip Frenzy Faces a Fed Test
Barrons.com100d agoneutral
Micron Stock Rebounds But Memory-Chip Frenzy Faces a Fed Test

Micron Technology stock was back on the rise early Wednesday as the memory-chip maker looks to resume its relentless rally. Micron was leading the rebound in premarket trading, rising 3.5%, the second-best performer in the Only Intel was climbing more ahead of the open. When there’s nothing happening Micron stock tends to gain.

Bloomberg100d agoneutral
White House to Woo Wall Street Dealmakers With $400,000 DC Jobs

(Bloomberg) -- The Trump administration wants 400 dealmakers to help the US bolster its national security supply chains — and it’s offering salaries as high as $400,000 a year for Wall Street recruits.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Gains in P

Intel's new manufacturing tech enters initial production
Reuters100d agoneutral
Intel's new manufacturing tech enters initial production

Intel on Tuesday said the new generation of its 18A manufacturing process ‌has entered risk production, as the chipmaker ‌sees strong demand for its central processors. Intel CEO Lip-Bu ‌Tan has started ⁠recognizing 18A as a potential offering for external clients, reversing his earlier view that ⁠the process would generate returns only through Intel's own products, finance chief David Zinsner said in March. Compared ​to ​18A, 18A-P delivers 9% ​higher performance at the ‌same power level — known as iso-power — or 18% lower power at the same processing speed, which is iso-performance, alongside improved thermals and design flexibility.

SpaceX  Launches Start of Acquisition Spree with Cursor After Historic IPO
24/7 Wall St.100d agoneutral
SpaceX  Launches Start of Acquisition Spree with Cursor After Historic IPO

The market has spent years viewing SpaceX (NASDAQ:SPCX) primarily as a rocket company, but that narrative no longer fits. The company’s historic IPO, which raised $85.7 billion after underwriters exercised the so-called “greenshoe” overallotment — with the stock currently valued at more than $2.7 trillion — revealed a business pursuing ambitions that stretch far beyond ... SpaceX Launches Start of Acquisition Spree with Cursor After Historic IPO

US supercomputer taps Intel spinout Cornelis Networks for networking chips
Reuters101d agoneutral
US supercomputer taps Intel spinout Cornelis Networks for networking chips

Cornelis, an Intel spinout developing networking technology aimed at data centers, ‌on Tuesday said that its chips are now being ‌used by a U.S. supercomputer used for nuclear weapons work. Under the National Nuclear ​Security Administration, a trio of U.S. national labs works to develop and maintain the nation's nuclear weapons with extremely accurate computer simulations of nuclear reactions, one of the most demanding tasks in the ‌entire computing industry. Lawrence ⁠Livermore National Laboratory said Tuesday that it has tapped Cornelis chips to connect 952 computers in ⁠its new "Lynx" system.

Intel gets a $170 billion AI reason to matter again
TheStreet101d agoneutral
Intel gets a $170 billion AI reason to matter again

For much of the artificial intelligence boom, investors have heard one simple story. Graphics processing units were at the center of it all. That thesis made Nvidia (NVDA) a must-have in the stock market. It also drove investors to Advanced Micro Devices (AMD), Broadcom (AVGO), Marvell Technology ...

Investing.com101d agoneutral
This analyst sees Intel reaching a $5 trillion valuation

Chowdhry's thesis rests on a simple but far-reaching claim: the AI boom that enriched Nvidia is giving way to a different era. "Ai Training is the Past - Ai Inference is the Present - Ai Applications is the Future, i.e., GPUs is the Past, CPUs is the Future," he wrote, framing 2026 and beyond as the era of Intel's 18A Xeon server chips and 18A Panther Lake laptop processors, in direct contrast to 2025 and prior being Nvidia's GPU moment.

AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom
Reuters102d agoneutral
AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom

Austrian circuit board manufacturer AT&S has announced it is investing ‌up to €2 billion ($2.3 billion) in Malaysia to ‌capitalise on the AI boom, sending its shares soaring nearly 30%. "We ​will fully expand our site in Kulim," the company's CEO Michael Mertin told Reuters in an interview on Monday. The company announced on Saturday it would expand capacity ‌in Kulim and ⁠raised its outlook for 2026/27, citing agreements with its customer AMD, the U.S. chipmaker, ⁠and another technology company on the back of strong demand for AI infrastructure.