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Bloomberg80d agoneutral
AI Chip Startup SambaNova Raises Funds at $11 Billion Valuation

(Bloomberg) -- Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthUS Strikes Iran and Blocks Oil Sales, in New Test of TruceChina Sentences Officia

Intel Corp. (INTC) Loses 9.66% on Profit-Taking
Insider Monkey80d agoneutral
Intel Corp. (INTC) Loses 9.66% on Profit-Taking

Intel Corp. (NASDAQ:INTC) is one of the 10 Stocks Investors Are Running Away From. Intel saw its share prices drop by 9.66 percent on Tuesday to close at $110.39 apiece, as investors resorted to profit-taking while trading sideways amid the lack of industry-related developments to boost buying appetite. Year-to-date, the company has already jumped by […]

Intel (INTC) Backer Syntiant Files For IPO In Edge AI Chips
Simply Wall St.80d agoneutral
Intel (INTC) Backer Syntiant Files For IPO In Edge AI Chips

Syntiant Corp, backed by Intel Capital, has filed for a U.S. IPO. The company focuses on semiconductor and AI software solutions for low power processing. Syntiant recently expanded by acquiring Knowles Corp's consumer MEMS microphone business. The development highlights Intel's involvement in edge AI computing and related hardware. For investors tracking Intel and NasdaqGS:INTC, Syntiant's IPO filing adds another reference point for how large chip companies participate in AI through...

South Korean chip stocks slide after overnight US selloff on AI boom concerns
Reuters80d agobearish
South Korean chip stocks slide after overnight US selloff on AI boom concerns

Shares of South Korean memory chipmakers Samsung Electronics and ‌SK Hynix fell as much as ‌4.4% and 5%, respectively, in early trade on ​Wednesday, tracking a broad selloff in U.S. semiconductor stocks on growing concerns about the sustainability of the AI-driven chip boom. High-flying memory and ‌semiconductor stocks tumbled ⁠overnight, with Intel, Micron and AMD closing down 9.7%, 4.7% and ⁠6.5%, respectively. MKTS/GLOB] Also, the Philadelphia Semiconductor Index lost 4.7% as investors questioned whether AI-related spending ​can be ​sustained.

Samsung Fails To Impress
The Wall Street Journal80d agoneutral
Samsung Fails To Impress

Sharp declines for high-flying memory and chipmakers including Intel, Marvell Technology and Applied Materials led a 1.2% decline in the Nasdaq Composite index and a 0.5% drop in the S&P 500. An update on second-quarter results from the South Korean giant had the company projecting record operating profits. Investors feared this reaction was a sign of how future reports for other chipmakers and AI-related tech companies might be received.

Perplexity says it plans to use Nvidia's new CPU
Reuters80d agoneutral
Perplexity says it plans to use Nvidia's new CPU

AI startup Perplexity on Tuesday confirmed it plans to use Nvidia's new ‌central processing units, as the chip giant works to ‌broaden its market and take on entrenched players such as Intel and Advanced ​Micro Devices. Nvidia has said it expects to generate $20 billion in sales from its "Vera" CPU, a more generic computing chip than its AI-specific offerings, by the end of this fiscal year. The Vera chips ‌are part of ⁠Nvidia's efforts to diversify sales as artificial intelligence companies such as OpenAI and DeepSeek make their own ⁠AI chips.

SpaceX Drags on First Day in Nasdaq 100
Barrons.com80d agoneutral
SpaceX Drags on First Day in Nasdaq 100

SpaceX is officially part of the Nasdaq 100, but it's off to a rocky start. SpaceX was down 5.3% while the Nasdaq 100 was 1.4% in the red. SpaceX wasn’t the index’s worst performer, with chip-related stocks leading the fall.

Samsung Wipes Out AI Stocks. Is This the Buying Opportunity You Were Waiting For?
24/7 Wall St.80d agobullish
Samsung Wipes Out AI Stocks. Is This the Buying Opportunity You Were Waiting For?

The AI trade has rewarded investors with extraordinary gains over the past two years, but it has also created a market where sentiment can change in a single trading session. That reality was on full display after Samsung Electronics reported record quarterly results in South Korea. Revenue and operating profit climbed sharply, yet the stock ... Samsung Wipes Out AI Stocks. Is This the Buying Opportunity You Were Waiting For?

Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff
24/7 Wall St.80d agobearish
Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff

Shares of Intel (NASDAQ:INTC) are down 10% in Tuesday morning trading to $110, while Advanced Micro Devices (NASDAQ:AMD) stock is off 8% to $508. The moves cap a sharp reversal after both names rallied Monday. The declines are part of a broader chip selloff triggered by Samsung Electronics’ quarterly report. Equipment maker Applied Materials (NASDAQ:AMAT) ... Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff