Intel and Nvidia Reveal New Products for China, Adapt AI Chip Strategies in Response to US Sanctions
Intel launching 2 AI chips with reduced capabilities to comply with US sanctions on China; Nvidia also planning 3 China-specific chips.
Taiwan Semi’s AI Boom and US Expansion Set to Drive Q1 Earnings Growth
TSM expects 5% rise in Q1 profit, aided by AI demand. It expands in US with $6.6B subsidies. Analysts predict high teens of revenue by 2025.
Meta’s Threads Introduces Real-Time ‘Recent’ Filter to Enhance Search Experience
Meta introduces new filter on Threads for sorting recent search results, addressing need for real-time content. Test currently limited to select users.
Nvidia’s Hopper Demand and Blackwell Launch Position Makes It A Top Large-Cap Pick: Analysts
Piper Sandler analyst reiterated Overweight rating on Nvidia with $1,050 target. Demand for Hopper GPU remains strong, Blackwell launch expected to face supply constraints. Nvidia leading AI market, facing challenges with high-power systems. NVDA shares down 1.81%.
Google and Potential AWS Deals Showcase Reddit’s Critical Role in AI and Brand Strategy: Analysts
Martin initiates coverage on Reddit with Buy rating and $55 target. Reddit's extensive human conversations make it prime data source for LLMs and ad revenue. Goldman Sachs rates Neutral with $40 target.
What’s Going On With AvidXchange Stock Monday?
Goldman Sachs analyst downgraded AvidXchange Holdings from Neutral to Sell and decreased price target due to high stock price and competition concerns.
Broadcom Succumbs to EU Antitrust Investigation Over VMware Licensing, Prompting Swift Pricing Strategy Revision
Broadcom Inc (AVGO) under EU antitrust probe for allegedly changing VMware licensing terms, resulting in price hikes and restrictions on reselling.
Meta to Suspend Threads in Turkey Amid Regulatory Challenges, Aims for Future Reinstatement
Meta Platforms, Inc will stop operating Threads in Turkey on April 29 due to an order from the Turkish Competition Authority, but plans to appeal and reinstate the app soon. It also lowered fees for ad-free versions in Europe.
Micron Dominates High-Bandwidth Memory Market, Anticipates Significant Revenue Growth: Analyst
Kumar reiterates Overweight rating and $130 PT for Micron Technology, with promising insights into HBM market and commitment to innovation.
Samsung Secures $6.4B from US for Texas Chip Factory After Nvidia Supplier TSMC’s Breakthrough
US govt awards Samsung $6.4B to expand chip-making operations in Texas, supporting Biden's initiative. Samsung to create 17K jobs & boost US chip production.