The S&P 500 index has surged 15% in the first six months of 2023. This uptick has been driven by the top 10 holdings of the index, which have an average forward price-to-earnings multiple of 28.5 times. Comparatively, NVDA stock is priced at 52.4 times forward earnings, which is quite steep.
Analysts also expect the company to increase sales by 58.6% year over year to US$42.8 billion in fiscal 2024, indicating a forward price-to-sales ratio of 23.4 times. Analyst...

The largest publicly traded corporation has made big investments in artificial intelligence and has been gaining market share with Copilot. Microsoft has been applying AI at scale to strengthen its product offerings and attract new customers.
The tech giant has expanded its profit margins despite making big investments in artificial intelligence. Microsoft’s net profit margin exceeded 25% in the second quarter...

AST SpaceMobile, Inc., the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones designed for both commercial and government use, proudly announces the commencement of the tape-out phase for its Application-Specific Integrated Circuit (ASIC), in collaboration with TSMC, the world's leading foundry.
As the cornerstone of AST SpaceMobile's BlueBird Block 2 pro...

A few weeks ago, Samsung launched the Galaxy A55, featuring the Exynos 1480 processor. However, the company had not formally announced the name of the chipset. Samsung is changing that now and is formally announcing its newest mid-range Exynos chip.
The Exynos 1480 is fabricated on Samsung Foundry's 4nm (4LPP+) process node, which is an improvement compared to the 5nm Exynos 1380 chip from last year. The new chip has four ARM C...

China has introduced new rules banning the use of Intel and AMD processors in government computers and servers. Chinese government agencies must now use “safe and reliable” domestic replacements for AMD and Intel chips.
The list includes 18 approved processors, including chips from Huawei and state-owned Phytium, both of which are banned in the United States.
The forced switch to domestic alternatives such as processors from Hua...

NVIDIA Co.’s share price traded down 2.7% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $891.23 and last traded at $900.96. 25,450,278 shares were traded during trading, a decline of 52% from the average session volume of 53,568,504 shares. The stock had previously closed at $925.61.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this l...

With the launch period of generational upgrades coming near, tech firms are battling against each other, especially in the segment of the supply chain, since everyone wants the best in the industry.  The Taiwan Economic Daily reports that TSMC's 3nm process has received massive interest from the markets in recent times, with the likes of Apple & Intel in the race to acquire a healthy portion of the supply.
I...