Investment bank Morgan Stanley on Monday raised its price target on Nvidia (NVDA) stock after sales channel checks showed “robust” demand for the company’s current data-center processors. ↑ X NOW PLAYING How To Make More Money By Handling Faster Market Rotations Analyst Joseph Moore increased his earnings estimates for Nvidia after his firm’s channel checks
Chip designer Arm Holdings (ARM) on Wednesday introduced a new computing platform for mobile devices optimized for artificial intelligence. Arm stock slid despite the news. X Arm announced its Arm Compute Subsystems for Client. The new platform emphasizes power efficiency, performance and security for Android, Linux and Windows devices. “This is a pivotal moment for
Semiconductor equipment vendor Applied Materials (AMAT) late Thursday beat estimates for its fiscal second quarter and guided above views for the current period. But AMAT stock fell in extended trading. X The Santa Clara, Calif.-based company earned an adjusted $2.09 a share on sales of $6.65 billion in the quarter ended April 28. Analysts polled
Amazon (AMZN) said Wednesday that it has invested an additional $2.75 billion in Anthropic, completing a $4 billion deal with the artificial intelligence startup from late last year. Amazon stock edged higher in afternoon trades. X In a deal first announced in September, Amazon committed an initial $1.25 billion to Anthropic for an investment deal
Nvidia (NVDA) late Monday previewed its next-generation artificial intelligence computing platform, Blackwell, and highlighted how it is helping to infuse AI technology into industries spanning health care, manufacturing and more. Nvidia stock rose ahead of the news. X In a two-hour keynote presentation at the Nvidia GTC 2024 conference in San Jose, Calif., Chief Executive