AMD Earnings Preview: Could AI Chips Revenue Surprise the Market?

AMD is set to report earnings for the first quarter of its 2024 fiscal year on Tuesday, Apr. 30, after the close of the market. The chipmaker is up about 3% year-to-date, underperforming its rival Nvidia's 77% and the Semiconductor Philadelphia Index's 13%.

Analysts Notebook05:53 ET

TSMC launched three new technologies in one go, punching Intel in the face again?

Facing strong catch-up by Samsung and Intel, TSMC's leading position is being challenged as never before. Intel even shouted the slogan of “Reclaiming the world's chip manufacturing crown.” Will it be surpassed, or will it continue to hold the throne? Recently, TSMC unveiled a series of new chip technologies at the North American Technology Forum, once again leading the way. The release of the new technology is TSMC's strong response to the challenges of Samsung and Intel. After the meeting, many analysts believed that the claim that Intel would take back the crown of chip manufacturing was too optimistic. 1. Launch a 3D optical engine and lay out how TSMC is preparing to build chips for the next generation of communication technology

wallstreetcn05:39 ET

Analyst Forecasts $40 Billion AI GPU Sales For NVIDIA, $3.5 Billion For AMD & Just $500 Million For Intel In 2024

Wccftech02:31 ET

Nvidia revived with full blood, but Bin talks about Nvidia

Google and Nvidia surged. Google-A closed 10.22% to $171.95, a record high on Friday; Google-C closed up nearly 10% to $173.69, also a record high; Google's total market capitalization surpassed 2 trillion US dollars, ranking fourth in US stocks. Google's parent company's total revenue for the first quarter was US$80.54 billion, up 15% year on year, the fastest growth rate since the beginning of 2022, and net profit jumped 57% year over year to US$23.66 billion. Another driving force behind the sharp rise in Google's stock price was Google's decision to pay a quarterly dividend for the first time and authorized an additional 70 billion US dollars of shares to be repurchased. AI “shovel seller”

Gelonghui Finance02:14 ET

Elon Musk's Prediction For Domestic Robots, Mark Zuckerberg's Massive $1B Bet On Nvidia GPUs And More: This Week In AI

The week was abuzz with tech titans making headlines. From Elon Musk's humorous response to a photo comment to Mark Zuckerberg's subtle dig at Apple's Vision Pro, the tech world was far from quiet. He

Benzinga23:28 ET

Big Tech Drives S&P 500 to Best Week Since November as Investors Shrug off Inflation Worries

Shares of Google parent Alphabet surged on Friday, pushing the company's market value above $2 trillion for the first time.

MarketWatch22:33 ET