Intel's shares rose 6.4% after reports emerged that the company is in early-stage talks to acquire AI chip startup Tenstorrent, which develops AI processors based on RISC-V architecture. Tenstorrent, valued potentially above $5 billion, is exploring strategic options including financing and acquisition, with discussions also involving Qualcomm. This move aligns with Intel's strategy to strengthen its position in AI accelerators and high-performance computing. No deal has been finalized, and the companies have not commented publicly on the talks.
AMD and Intel are expected to open softer but present buying opportunities near $400 and $100 support levels respectively, with no interest in shorting due to their strength. Oracle is bucking the trend with a potential jump aiming to break above $20...
Intel's stock has surged nearly 400% in the past year, driven by strong revenue beats and key customer wins in AI and data centers. However, 24/7 Wall St. sets a price target of $101.40, slightly below current levels, rating the stock a hold due to h...
Nvidia announced a massive stock buyback program worth $80 billion and increased its dividend yield by 2,400%, raising the annual dividend from $0.04 to $1 per share. This move significantly benefits CEO Jensen Huang, whose dividend income is set to ...
Jim Cramer highlights a major shift in technology investing, with semiconductor stocks overtaking software as the market leaders due to the AI boom. Companies like Nvidia, AMD, and Intel are driving this change by providing the hardware infrastructur...
OpenAI's upcoming IPO is highly anticipated as it will provide key insights into investor sentiment and the valuation of the AI industry. The company's high spending and exclusive focus on AI present both risks and valuable information about the sect...
