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Google’s Chip Veteran Just Joined Anthropic
benzinga_article·22 minutes ago
- Anthropic has hired former Google TPU leader Amir Salek to support its compute infrastructure development and in-house semiconductor business. - Salek brings extensive industry experience, having previously delivered the first 7 generations of TPU solutions at Google and founded Nvidia's SoC organization. - This hiring supports Anthropic's multi-chip strategy to reduce reliance on scarce Nvidia GPUs and develop custom processors for its Claude AI models.
ANTH AMD-3.49%
Broadcom Stock (AVGO) Slips as Credit Default Swaps Jump 28 Basis Points – Here's Why
Tip Ranks·36 minutes ago
AVGO-2.63%AVL-5.17%
Stock Market Today: SPY, QQQ Stall as Trump Escalates Trade War with Canada; Bessent Targets Iran's Economy
Tip Ranks·51 minutes ago
- The S&P 500 ETF and the Nasdaq 100 ETF closed lower on Monday, with losses of 0.29% and 1.00% respectively. - The market downturn was driven by escalating U.S. trade tensions with Canada, including a 50% tariff announced on Canadian vehicles and steel. - Additional pressure stemmed from Treasury Secretary Scott Bessent targeting Iran's economy and impending AI sector earnings reports.
NVDA-2.91%PDD-1.48%
US Stocks Close: Dow Rises 140 Points, SOX Drops 2.7%; AI Hardware Stocks Sold Off, Memory Stocks Lead Declines; Micron Falls Over 5%
TradingKey·58 minutes ago
- The U.S. stock indices ended mixed, with the Dow rising 0.26% to 53,417.16 while the Nasdaq fell 0.76% and the S&P 500 dropped 0.28%. - AI hardware and memory stocks experienced significant sell-offs, as the Philadelphia Semiconductor Index dropped 2.7% and Micron Technology fell 5.83%. - Market sentiment was weighed down by collapsing U.S.-Canada trade talks and threats of a 50% tariff on Canadian automobiles.
TSLA-3.83%NVDA-2.91%
Jim Cramer says don't sell Meta on litigation risk — the stock is worth the wait
CNBC·59 minutes ago
- Jim Cramer and Bank of America advise investors against selling Meta Platforms due to mounting litigation risks regarding youth addiction. - The ongoing California trial represents only one data point in a multi-year legal process, while Meta maintains a compelling valuation of around 16 times estimated 2027 earnings. - Bank of America maintains a buy rating and an 810 dollar price target, highlighting the company's growing AI capacity and long-term opportunities.
META+1.66%METW+2.07%
Amazon hikes hardware prices by 60 percent, blaming memory shortage
TechCrunch·1 hour ago
- Amazon significantly increased the prices of hardware devices like Fire TVs, Echos, Kindles, and Eeros by up to 60 percent over the weekend. - The company attributed the price hikes to rising memory and storage component costs driven by the global memory shortage. - This shortage, fueled by the AI boom, is expected to continue throughout 2027 before prices potentially stabilize in 2028.
AMZN+1.33%AAPU+0.62%
Meta Rises as Advertising Growth Beats AI Anxiety
GuruFocus·1 hour ago
- Meta Platforms shares climbed approximately 1.5% to $557.875 amid broader tech sector selling, driven by investor confidence in its proven AI revenue machine. - Second-quarter revenue increased 28% to $60.8 billion as AI-powered advertising tools boosted engagement and pricing, even though free cash flow dropped 91% to $784 million due to accelerated infrastructure spending. - The company trades at about 21 times trailing earnings and sits 33.74% below its GF Value estimate, though exploding capital expenditures and regulatory risks pose ongoing challenges.
META+1.66%METU+3.33%
AMD Sinks 2.9% Before Nvidia's Critical Earnings Test
GuruFocus·1 hour ago
- Advanced Micro Devices shares fell 2.9% to $459.24 amid a broader semiconductor sector decline ahead of Nvidia's earnings report. - Despite reporting a record second-quarter revenue of $11.5 billion, the company faces execution risks and long-term deployment hurdles. - The stock currently trades at a valuation of 118 times trailing earnings, reflecting high market expectations for future growth.
AMD-3.49%NVDA-2.91%
SpaceX plans to put Nvidia-powered AI satellites in orbit next year
MarketWatch·1 hour ago
- SpaceX plans to launch its first Nvidia-powered Starmind AI satellites by the fourth quarter of 2027 and scale operations in 2028. - The partnership aims to reduce the costs of space-based data centers using the Starship rocket and expand infrastructure for Grok. - Morgan Stanley expects SpaceX to incur $53 billion in AI-related capital expenditures in 2026 and $130 billion in 2027.
NVDX-5.79%NVDS+4.50%
Tesla (TSLA) Beats Uber and Google with Approval for a Larger Robotaxi Fleet in Nevada
Tip Ranks·1 hour ago
- Tesla secured approval from Nevada's transportation authority to operate a fleet of up to 5,000 robotaxis. - This capacity surpasses the 1,000-vehicle permit limits granted to competitors like Google's Waymo and Uber's subsidiary Aviari. - Despite this regulatory milestone, Tesla shares dropped by over 3 % to approximately $ 351 on Monday afternoon.
TSLA-3.83%TSL-4.85%
This One Company’s Trash Is an Investor’s Treasure
InvestorPlace·1 hour ago
- Artificial intelligence is transforming the circular economy by organizing unstructured materials and turning chaotic waste handling into profitable business operations. - Companies like Savers Value Village Inc. are successfully embedding machine-driven systems, such as Automated Book Processing, into their inventory management to boost efficiency and lower labor costs. - This integration of artificial intelligence into physical industries demonstrates that investment opportunities in the artificial intelligence boom extend far beyond traditional tech hardware and software sectors.
NVDA-2.91%TGT+2.69%
Why Wolfe Research Just Named Nvidia Stock Its Top AI Pick
Barchart Option·1 hour ago
NVDA-2.91%NVDY-2.49%
Nvidia Scored an H200 Win in China, But These Analysts Warn It May Not Be a Reason to Buy NVDA Stock
Barchart Option·1 hour ago
NVDA-2.91%NVDX-5.79%
Nvidia Earnings: Wall Street Expects Growth to Slow in Q2 — Dan Niles Says Hyperscalers Are Spending Like Never Before
benzinga_article·2 hours ago
- Investor Dan Niles stated that Nvidia’s growth expectations may be conservative due to hyperscaler capital expenditures growing 92 % year-over-year in the quarter ending June 30. - Wall Street projects Nvidia's second-quarter revenue to reach $92.03 billion and earnings per share to hit $2.07. - Niles noted that Nvidia trades at 17 times projected 2027 earnings, presenting a favorable risk-reward setup despite local political headwinds against data centers.
NVDA-2.91%NVD+6.03%
New Layoffs Just Hit Apple’s Vision Pro Staff. What That Means for AAPL Stock.
Barchart Option·2 hours ago
AAPL+0.32%AAPX+0.57%