South Korean AI chip startup Rebellions raised $400 million in funding at a $2.34 billion valuation, led by Mirae Asset Financial Group and the Korea National Growth Fund. The company plans to use the funds to expand into the U.S. market, targeting AI labs like Meta and xAI, and is preparing for an initial public offering. Rebellions focuses on AI inference chips that compete with Nvidia and other startups by offering higher energy efficiency and performance. The company faces challenges in securing memory chip supplies but benefits from investments by major memory producers Samsung and SK Hynix, positioning it well for growth amid South Korea's push to boost its semiconductor industry.
NVIDIA and Noetra Corp. are partnering to build Japan's first national AI infrastructure, the NVIDIA Vera Rubin AI factory, featuring 13,750 Vera CPUs and 27,500 Rubin GPUs. Supported by Japan's Ministry of Economy, Trade and Industry, this 140-megaw...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
The SPDR NYSE Technology ETF (XNTK) has significantly outperformed the Invesco QQQ Trust (QQQ) over the past year, returning 51.65% compared to QQQ's 28.43%. XNTK uses an equal-weight approach focusing solely on about 35 tech leaders, capturing broad...
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
The Direxion Daily Technology Bull 3X ETF (TECL) is rated Buy due to easing inflation and a positive outlook for the Nasdaq-100, driven by growing AI infrastructure investments and increasing influence of smaller AI-related companies beyond the major...
