Nvidia is investing $3.5 billion in Taiwanese chipmaker MediaTek to help it design custom AI chips that can integrate directly into Nvidia-based data centers. This partnership allows MediaTek to use Nvidia’s NVLink Fusion technology, enabling fast communication between different chips, even if they are not Nvidia’s. The deal supports Nvidia’s strategy to maintain dominance in AI infrastructure while enabling other companies to develop custom silicon. MediaTek aims to grow its custom AI chip business, targeting $2 billion in revenue by 2026, and will continue collaborating with Nvidia on AI platforms for data centers, consumer PCs, and autonomous vehicles.
Amazon announced a $5.3 billion investment to establish its first AWS Cloud Infrastructure Region in Saudi Arabia, set to launch in December 2026. This major project expands AWS's global footprint to 40 regions and includes a partnership with HUMAIN ...
Arm Holdings has become a key player in AI data center CPUs, with revenue up 22% year-over-year and data center royalty revenue doubling. Despite strong growth and a bullish price target of $265.32 (about 11% upside), the stock trades at a high forwa...
Micron Technology's shares have soared over 665% in the past year due to strong AI memory demand and multi-year supply deals, highlighted by a blowout fiscal Q3 with $41.46 billion revenue and 84.6% gross margin. However, with a current price near $9...
Under Tim Cook's leadership, Apple sold 3.1 billion iPhones and doubled its share of the S&P 500, reaching a $4.78 trillion market cap. However, Apple's market value recently fell behind Nvidia's $5.25 trillion, driven by Nvidia's AI chip dominance. ...
The Fidelity Enhanced Large Cap Growth ETF (FELG) has gained 74% since late 2023, outperforming peers amid a strong market rotation from growth to value stocks. FELG's portfolio focuses heavily on technology and AI companies like NVIDIA, Broadcom, an...
