Jensen Huang sold $36.4 million worth of Nvidia stock over three days starting July 8, just ahead of the company briefly surpassing a $4 trillion market valuation for the first time.
Hunterbrook Media cited UBS saying that if Amazon automates up to 80% of the 14 billion items it handles annually with its new robot, it could generate an estimated $400 million in revenue for Teradyne.
Amazon Web Services’ new In-Row Heat Exchanger (IRHX) allows it to accommodate Nvidia’s heat-intensive GPU racks without requiring major data center renovations. The project moved from concept to production within just 11 months.
Wedbush’s Danile Ives expects the company to hit the next milestone of $5 trillion over the next 18 months, given his view that the current tech bull market is still early, being led by the AI Revolution.
The report stated that construction continues in Yiwu County, a region on the edge of the Gobi Desert in Xinjiang, which has access to both a vast supply of renewable energy and coal.
The layoffs marked the first of the job cuts Intel has planned for the year as it seeks to streamline operations and improve efficiency amid ongoing struggles with strategic missteps.
Intel’s new CEO Lip-Bu Tan is reportedly considering ending Intel’s push to sell the expensive 18A chipmaking process to external clients, turning attention toward the more advanced 14A node.
Accenture acquires SYSTEMA, a Dresden-based firm specializing in automation solutions for semiconductor & high-tech sectors, to boost digital manufacturing capabilities.
Wall Street has gotten more bullish on Micron’s stock after its Q3 results, citing AI-chip demand fueled by data center growth and improved margins as key performance drivers.
The company’s data center revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth.
Tech stocks climbed to new highs early Wednesday, with the Nasdaq 100 briefly touching 22,329 points after the opening bell, surpassing its previous peak from February 19.
Intel (INTC) is reportedly shutting down its automotive unit and will lay off most employees in that segment, the company told staff in an internal message.
The Finchat-compiled consensus expects t Micron to report adjusted earnings per share of $1.59 and revenue of $8.83 billion for the third quarter of the fiscal year 2025.
Wall Street analysts are upbeat about the stock’s trajectory, with the Koyfin-compiled consensus analysts’ price target of $172.60 implying 17% upside potential.
