Nearly lost in the euphoria that Nvidia set in motion this week was a warning that not all are going to join in the AI feast.
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Some analysts said Nvidia’s results show that the generative AI boom could be the next big driver of growth.
Nvidia’s market value surged by $200-billion to more than $960-billion on the back of AI-fuelled blowout results.
Intel has provided a handful of new details on a chip for artificial intelligence computing it plans to introduce in 2025.
Nvidia has worked with the UK’s University of Bristol to build a new supercomputer using a new Nvidia chip that would compete with Intel and AMD.
Meta Platforms has hired an Oslo-based team that until late last year was building AI networking technology at Graphcore.
AMD shares slumped after the chip maker forecast quarterly sales below estimates due to a weak PC market.
AMD has captured nearly a third of the market for CPUs, according to an analyst report.
Two East Asian companies have built more robust businesses and their scale now threatens to bury the competition.
US chip maker AMD on Tuesday posted revenue that beat Wall Street targets and said it expected business to improve in the second half.