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Here Are Thursday’s Top Wall Street Analyst Research Calls: Advanced Micro Devices, Amgen, AngloGold Ashanti, Caterpillar, Chewy, Meta Platforms, Novartis, NVIDIA, SK hynix, and More
24/7 Wall St.14d agoneutral
Here Are Thursday’s Top Wall Street Analyst Research Calls: Advanced Micro Devices, Amgen, AngloGold Ashanti, Caterpillar, Chewy, Meta Platforms, Novartis, NVIDIA, SK hynix, and More

Pre-Market Stock Futures: Futures are trading mixed after a second brutal day, with all major indices finishing lower again. Rising rates, Brent Crude trading above $100, and what appears to be an increase in the Iran attacks in the Persian Gulf were all it took for sellers to keep hitting bids. Once again, the small-cap […]

Exclusive-China's AI chipmakers raise prices as high-bandwidth memory shortage bites
Reuters14d agoneutral
Exclusive-China's AI chipmakers raise prices as high-bandwidth memory shortage bites

Sept 10 () - Chinese AI chipmakers including Huawei Technologies and Cambricon have sharply raised prices for current and next-generation AI processors, three people familiar with the matter said, as soaring costs for high-bandwidth memory squeeze efforts to build domestic alternatives to Nvidia. Huawei ‌has lifted the indicated price of its Ascend 950DT accelerator card, which integrates an AI processor with memory and other components, to ‌above 250,000 yuan ($37,255), two people said.

Nvidia plans major expansion of data centre capacity in Australia to meet AI demand
Reuters15d agoneutral
Nvidia plans major expansion of data centre capacity in Australia to meet AI demand

SYDNEY, Sept 10 () - Nvidia said on Thursday it was planning an expansion of data ‌centre computing capacity in Australia that would ‌more than double the nation's current load through partnerships with ​local firms. The chip company said it was working with Australian cloud and data centre firms including Firmus, CDC, NEXTDC and AirTrunk, targeting a buildout of up ‌to 2 gigawatts ⁠of AI-related capacity by 2027.

US DOJ probes Nvidia's licensing deal with AI startup Groq, NYT reports
Reuters15d agobearish
US DOJ probes Nvidia's licensing deal with AI startup Groq, NYT reports

‌Justice Department ‌is investigating whether ​Nvidia tried to skirt antitrust scrutiny of ‌the ⁠chipmaker's licensing deal last ⁠year with AI ​chip ​startup ​Groq, The ‌New York Times reported on Wednesday, citing two people ‌familiar with ​the ​matter. ​could ‌not immediately verify ​the ​report.