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Uber, Nvidia Partnership To Unlock Value By Leveraging AI To Advance Ridesharing, Autonomous Tech: Analyst
Wednesday, January 8, 2025 - 1:39pm | 748BofA Securities analyst Justin Post maintained a Buy rating on Uber Technologies Inc (NYSE:UBER) with a price target of $96 after the ride-hailing giant announced a partnership with NVDIA Corp (NASDAQ:NVDA) to collaborate on autonomous vehicle enablement. The price target reflects a 20 times 2026E...
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AMD and Nvidia Overtake Intel in Key Markets, Challenging Its Leadership
Monday, January 6, 2025 - 2:54pm | 900U.S. Chips Act beneficiary Intel Corp’s (NASDAQ:INTC) crisis appears to be worse than expected, as companies ranging from Nvidia Corp (NASDAQ:NVDA) and smaller rivals, erstwhile partners like Microsoft Corp (NASDAQ:MSFT) rush to nab Intel’s market share that is critical for its...
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Cloudflare's AI Innovations And Sales Strategy Drive Goldman Sachs Upgrade
Thursday, January 2, 2025 - 2:30pm | 610Cloudflare Inc (NYSE:NET) stock is trading upwards Thursday after Goldman Sachs analyst Gabriela Borges upgraded the stock from Sell to Buy and raised its price target from $77 to $140. Security stock performance in 2024 can almost entirely be explained by the extent to which the market believed...
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Broadcom Thrives with 114% Stock Surge in AI Boom, While Intel Faces Steep Decline
Thursday, January 2, 2025 - 9:09am | 1005The year 2024 proved very eventful for the semiconductor companies in the U.S. tech sector. It rewarded those, including Nvidia Corp (NASDAQ:NVDA) and Broadcom Inc (NASDAQ:AVGO), that successfully tapped the artificial intelligence wave while punishing those that failed, like Intel Corp (NASDAQ:...
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Super Micro and Nvidia Expand in Taiwan with Green Energy and AI Projects
Friday, December 27, 2024 - 3:34pm | 598Artificial intelligence server company Super Micro Computer Inc (NASDAQ:SMCI) and Taiwan’s Guo Rui announced on Wednesday their plans to establish a renewable-energy-powered computation center in Taiwan, the Taipei Times reports. Following discussions with Supermicro founder Charles Liang and...
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AMD and Micron Are Top Analyst Picks for AI and Next-Gen Tech Growth
Monday, December 23, 2024 - 3:07pm | 645Rosenblatt polled its analysts, including Steve Frankel, gathering their top picks for the first half of 2025. The stocks reflect key themes across its research universe, including the Age of Artificial Intelligence and the build-out of next-generation broadband. Steve Frankel maintained a Buy...
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Verizon Teams Up With Nvidia To Power AI Apps Over Private 5G Networks
Tuesday, December 17, 2024 - 2:01pm | 558On Tuesday, Verizon Communications Inc (NYSE:VZ) announced a new solution developed with Nvidia Corp (NASDAQ:NVDA) that enables a wide range of AI applications to run over Verizon’s reliable 5G private network with private Mobile Edge Compute (MEC). The new AI-powered private 5G platform...
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What's Going On With Moderna Stock On Monday?
Monday, December 16, 2024 - 2:40pm | 621On Friday, Nasdaq Inc's (NASDAQ:NDAQ) annual reconstitution of the Nasdaq-100 Index will become effective before the market opens on December 23. As a result, Moderna Inc. (NASDAQ:MRNA) was removed from the index. Year to date, Moderna stock has plunged over 60%, with a 52-week low-high...
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Taiwan Semiconductor Unveils $20 Billion Arizona Chip Fab, Apple Named Key Customer
Monday, December 16, 2024 - 2:06pm | 665On Friday, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) unveiled its first advanced chip fabrication plant in Arizona, marking a significant milestone in U.S.-based semiconductor production. The facility, covering 3.5 million square feet on a 1,100-acre site, represents Taiwan Semiconductor...
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Synopsys Proposes Divesting Units, Including Ansys PowerArtist, For $35 Billion EU Deal Approval
Thursday, December 12, 2024 - 11:45am | 612Synopsys Inc. (NASDAQ:SNPS), an American electronic design automation company, is preparing to divest an Ansys Inc. (NASDAQ:ANSS) unit, along with one of its own, to secure EU approval for its $35 billion acquisition, according to sources cited by Reuters. Ansys specializes in software development...
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Innoviz Technologies Secures LiDAR Supply Deal With Mobileye
Wednesday, December 11, 2024 - 11:14am | 652On Wednesday, Mobileye Global Inc (NASDAQ:MBLY) announced it will leverage Innoviz Technologies Ltd’s (NASDAQ:INVZ) LiDARs for the Mobileye Drive platform, which enables mobility service providers and vehicle manufacturers to make robotaxis, ride-pooling, public transport, and goods delivery...
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STMicroelectronics and Qualcomm Launch New IoT Module to Simplify Wireless Connectivity
Wednesday, December 11, 2024 - 9:51am | 539On Wednesday, semiconductor contract manufacturing company STMicroelectronics NV (NYSE:STM) introduced the first product of its strategic collaboration with wireless technology company Qualcomm Inc (NASDAQ:QCOM) Technologies to simplify the development of advanced wireless solutions for industrial...
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Taiwan Semi Founder Calls For New Strategy After Intel Chief's Departure
Wednesday, December 11, 2024 - 9:20am | 718Taiwan Semiconductor Manufacturing Co (NYSE:TSM) founder Morris Chang told Reuters Monday that Intel Corp (NASDAQ:INTC) should have focused on developing its artificial intelligence moat instead of contract chipmaking. Chang’s comments followed Intel chief Pat Gelsinger’s...
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Taiwan Semi November Revenue Ups 34% Strengthened by AI and Smartphone Demand
Tuesday, December 10, 2024 - 10:10am | 576Taiwan Semiconductor Manufacturing Co (NYSE:TSM) reported a topline growth of 34% year-on-year to $8.55 billion in November 2024. Revenue for January through November 2024 grew by 31.8% year over year to $81.05 billion, testimony to the continued artificial intelligence frenzy. The contract...
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Warner Bros Discovery Stock Soars After Multi-Year Deal with Comcast; Comcast Shares Slide On Subscriber Loss Estimates
Monday, December 9, 2024 - 1:08pm | 521Warner Bros. Discovery, Inc (NASDAQ:WBD) stock gained Monday following its multiyear deal with Comcast Corp (NASDAQ:CMCSA). Warner Bros Discovery agreed to offer its extensive content portfolio to Xfinity and Sky UK and Ireland customers, leveraging Comcast’s global technology platform across...