Microsoft may use Advanced Micro Devices AI chips for cloud clients due to Nvidia's supply issues. Analysts see strong growth for Nvidia in data centers.
Robinhood (HOOD) shares rise as B&A Securities upgrades and raises price target. Analyst cites improved entry point, favorable macroeconomy, and profitability potential. Stock up 10.1% at $19.69.
CoreWeave, an AI cloud-computing startup supported by Nvidia, has secured $7.5 billion in debt financing from Blackstone, Carlyle Group, and BlackRock. This funding follows a $1.1 billion equity round, valuing CoreWeave at $19 billion. The funds will expand their data centers and purchase AI chips.
J.P. Morgan's recent Battery Series provided insights on the industry's future, with 20-23% YoY growth projected for global EV sales in 2024. China leads, while US and Europe have muted expectations. Focus on fast charging & cost reduction. Localization trends impact supply chain.
AMD stock trading higher as Microsoft considers using their AI chips for Azure, potentially beating Nvidia's GPU supply crisis. AMD gaining market share in x86 processor market and expected to make major announcements at Computex. Stock up 57% in past year.
TikTok is testing 60-minute video uploads for select users, challenging platforms like YouTube. LinkedIn and Uber Eats are also exploring short-form video features.
China announces aggressive measures to boost property market, including easing mortgage rules and urging local governments to purchase unsold homes. Stocks and commodities tied to China rally in response to the news.