NVIDIA’s $3 Billion Bet on the Power Behind AI
NVIDIA announced plans to invest up to $3 billion in Lancium, a power infrastructure developer supporting the Stargate AI data center project in Texas.
Cerebras stock plunges 14% after second earnings report following IPO
Cerebras Systems raised full-year guidance despite reporting a $450.5 million net loss in its second earnings report following its May IPO, but the stock fell 14% in extended trading.
Cisco’s stock drops despite earnings, revenue beat
Cisco shares declined in extended trading despite beating earnings estimates and raising revenue guidance, with strong artificial intelligence infrastructure demand from major tech companies.
SanDisk CEO reveals what’s next after explosive 3,150% stock rally
SanDisk shares surged 13.67% after the company outlined a long-term financial model projecting mid-to-high teens annual revenue growth and 80% adjusted gross margins through 2030.
Reddit (RDDT) Is Joining the S&P 500 —What’s Next for the Company?
Reddit’s share price rose 12.63 percent to $178.09 following its announcement of joining the S&P 500 index next week, marking a significant milestone for the company.
AMD, Intel and NVIDIA All Rally as Super Micro’s Blowout Numbers Reignite the AI Trade
AMD, Intel, and NVIDIA rallied on August 12 following Super Micro’s strong earnings report, which showed a surge in AI server orders exceeding $60 billion for the quarter.