Intel's stock surged nearly 10% after reports revealed that Google and Nvidia are considering Intel as a backup manufacturer for AI processors. Google reportedly placed an order for over 3 million Tensor Processing Units (TPUs) for 2028, while Nvidia is testing Intel's ability to combine four GPUs into one unit for its 2028 Feynman series. This potential partnership aligns with Intel's growing AI business and could drive significant revenue growth, with Morgan Stanley projecting a 30% increase in Intel's data center revenue in 2026. Additionally, Tesla plans to use Intel's advanced 14A manufacturing process for AI chips, further boosting Intel's prospects.
Quantum computing has advanced significantly since its first prototype in 1998, now reaching a stage comparable to AI three years ago. The Defiance Quantum ETF (QTUM), focused on quantum computing and machine learning companies, has gained 54.20% yea...
This week, investors focus on key events including the May Consumer Price Index report, Apple's Worldwide Developers Conference, and the highly anticipated SpaceX IPO. Inflation data will influence Federal Reserve policy outlook amid strong jobs numb...
The VanEck Semiconductor ETF (SMH) has gained 77.13% in just over five months, far outpacing the S&P 500's 10.61% return year-to-date. This surge is driven by strong AI-related capital expenditures across the semiconductor supply chain, including chi...
US stock markets fell last week despite record highs, with tech and semiconductor shares dropping sharply after a strong May jobs report raised concerns about prolonged Federal Reserve rate hikes. The Nasdaq fell 4.68%, and semiconductor ETFs saw the...
President Donald Trump revealed talks with AI companies about deals that would allow the American public to benefit from AI's success, likely involving OpenAI. Reports indicate discussions about the government taking an equity stake in AI firms to fu...
