Nvidia has invested $3.5 billion in convertible bonds issued by MediaTek as part of a new partnership to integrate Nvidia technology with MediaTek's custom AI chip business. This collaboration aims to expand MediaTek's presence in the data center market and includes joint work on AI chips for PCs and cars. MediaTek, a leading smartphone chipmaker and Qualcomm rival, is diversifying into AI and data center chips, potentially challenging established players like Broadcom. The deal supports Nvidia's strategy to remain central in AI infrastructure as companies develop their own AI chips.
The State Street Technology Select Sector SPDR ETF (XLK) does not hold shares in major tech companies like Alphabet, Amazon, Meta, Netflix, or Tesla due to its focus on the Information Technology sector under GICS classification. Instead, XLK is heav...
Nvidia is set for continued growth as demand for AI infrastructure expands, driven by an agentic shift in technology use. The company has developed alternative financing structures, including a plan to mobilize $500 billion in third-party funding, he...
NVIDIA and Microsoft recently reported strong AI-driven growth, with NVIDIA CEO Jensen Huang emphasizing massive hardware demand and Microsoft CEO Satya Nadella focusing on software seats and cost efficiency. NVIDIA posted $96.22 billion revenue, up ...
AMD shares rose 4% after Citi raised its price target to $800, citing a surge in server processor demand driven by AI developments, and Stifel increased its target to $700 ahead of AMD's Q3 2026 results. Citi sees AMD as the main beneficiary of a new...
Nvidia's market capitalization reached $5.841 trillion on October 6, 2026, exceeding the combined value of Meta, Amazon, and AMD. The company's strong financial performance includes a 105.85% revenue increase year-over-year to $96.22 billion in Q2 fi...
