AMD announced its agreement to acquire Taalas, a Toronto-based startup specializing in AI inference chips that are customized for specific AI models. These chips offer faster and cheaper processing for certain AI tasks compared to traditional GPUs, which AMD currently relies on for most data center growth. The acquisition follows Nvidia's $20 billion purchase of Groq, another AI chip startup, highlighting the competitive push in AI hardware. AMD plans to integrate Taalas' technology into its systems alongside its CPUs and GPUs, enhancing its offerings for low-latency AI applications and supporting its Helios rack-scale AI systems.
Intel shares climbed 4% and other chip stocks like NVIDIA and AMD also rose, defying expectations that a strong jobs report and increased odds of a September Federal Reserve rate hike would hurt high-multiple tech stocks. The semiconductor sector out...
ARK Invest, led by Cathie Wood, purchased 705,102 shares of Rocket Lab during a recent stock decline, viewing the dip as a buying opportunity. Rocket Lab, valued at around $38 billion, is a smaller public rival to SpaceX, focusing on small-satellite ...
Nvidia is set to acquire Hugging Face, a leading open-source AI platform, for about $14 billion. Hugging Face hosts AI models and datasets freely used by developers, making it central to the AI community. This move helps Nvidia maintain influence ove...
Nvidia reported a remarkable 75% non-GAAP gross margin in Q2 FY27, maintaining strong pricing power despite supply chain challenges and massive scale. Revenue grew over 105% year-over-year, with data center sales hitting $89 billion in a single quart...
Advanced Micro Devices (AMD) stock has fallen nearly 6% this month, underperforming the broader market and rival Nvidia, despite beating Q2 earnings expectations and raising guidance. Dell, a key partner, confirmed accelerating demand for traditional...
