The tech world had a mixed week, with some companies shining bright and others leaving investors in the dark. Let's dive in and see what's been happening. First off, AI is still the talk of the town. Companies like ON Semiconductor and Micron Technology saw their stocks rise. Why? Because they're riding the AI wave, forming new partnerships and seeing strong demand ...
Hive Digital, a company that started with Bitcoin mining and now also builds data centers, just shared its earnings for the first three months of its fiscal year. They made a lot of money, thanks to both Bitcoin mining and their new AI-related services. In this quarter, Hive brought in $45. 6 million. Most of that came from mining Bitcoin, which made $40. 8 million....
Credo Technology, a top maker of super-fast cables for data centers, has caught the eye of Bank of America. The investment bank thinks Credo can make a big splash in the growing market for AI equipment. In fact, they've given Credo a huge upgrade, moving from "underperform" to "buy" and setting a new price target of $80 per share. This shows they believe the stock co...
Nvidia is making waves in India by teaming up with several major companies to bring its AI technology to the country. The U. S. -based chip designer has inked deals with big names like Reliance and Tech Mahindra. These partnerships aim to build infrastructure and develop AI models in Hindi, among other things. At a recent AI Summit in Mumbai, Nvidia's CEO, Jensen Hu...
Ever heard of Micron Technology? They're a big deal in the tech world right now, especially when it comes to high bandwidth chips. These are like the superhighways for data, and Micron is building them better than anyone else. So good, in fact, that they've just beaten their profit targets and are looking at an amazing future. But why should you care? Well, if you'r...
Artificial intelligence company OpenAI has just wrapped up a funding round, hitting a staggering $157 billion valuation. This milestone is thanks to $6.6 billion from investors like Thrive Capital, Microsoft, Nvidia, and SoftBank. The secret sauce? ChatGPT, launched in late 2022, which has taken generative AI mainstream. Last month alone, OpenAI raked in $300 millio...