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Wall Street sends strong signal to Nvidia stock investors
TheStreet2d agoneutral
Wall Street sends strong signal to Nvidia stock investors

Nvidia CEO Jensen Huang has spent years telling investors his chips are indispensable to the future of computing. On Aug. 10, he tried something bolder, convincing some of the most powerful money managers on Wall Street to treat those same chips like an entirely new kind of investment. One that ...

Cerebras slumps as mixed quarterly results test AI growth narrative
Reuters2d agobearish
Cerebras slumps as mixed quarterly results test AI growth narrative

Cerebras Systems slumped over 18% premarket on Thursday after it missed key estimates despite soaring cloud revenue, raising ‌doubts about the ability of its AI chips to challenge Nvidia. Expectations ‌were high for AI-linked companies including Cerebras and networking equipment maker Cisco, given the strong ​run-up in shares driven by Big Tech's ballooning spending, set to cross more than $740 billion for this year. Here are some details: • Cerebras, in its second earnings report as a public company, offered a mixed picture as it ‌increasingly derived revenue from cloud ⁠computing rather than its AI chips.

5 Monthly Dividend Stocks Retirees Can Count On in August
24/7 Wall St.2d agoneutral
5 Monthly Dividend Stocks Retirees Can Count On in August

When grocery bills and utility payments arrive monthly but your dividends do not, the timing gap quietly erodes retirement income. These five stocks close that gap while navigating rising interest costs, REIT transitions, and a Fed that could move again before year end.

India's Larsen and Toubro secures order to build AI factory for Nvidia
Reuters2d agoneutral
India's Larsen and Toubro secures order to build AI factory for Nvidia

Larsen and ‌Toubro on ‌Thursday said it ​secured an order to build ‌an ⁠AI factory for ⁠Nvidia. The order is ​in ​the ​range of ‌100 billion rupees to 150 billion rupees (($1.05 ‌billion - $1.57 ​billion), ​the ​company ‌said. ($1 = 95.3600 Indian ​rupees) (Reporting ​by Mridula Kumar ​in ‌Bengaluru; Editing ​by Sonia ​Cheema)

Anthropic in talks to buy Decart AI, source says
Reuters2d agobullish
Anthropic in talks to buy Decart AI, source says

Anthropic is in talks to buy Nvidia-backed startup Decart AI, according to a source ‌familiar with the matter, as the Claude maker explores ‌acquisitions that could help it handle growing demand ahead of its public listing. Bloomberg News, ​which first reported the news on Wednesday, said a deal could be worth about $6 billion, citing sources. • Decart, which develops AI infrastructure and optimization technology as well as its own ‌AI models, could help ⁠Anthropic absorb more demand, the source said.

Cerebras raises annual targets on strong AI chip demand
Reuters3d agoneutral
Cerebras raises annual targets on strong AI chip demand

Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from ‌companies ramping up data-center capacity to power AI services. The chip designer ​is banking on growing demand for inference, the data crunching that occurs when a user queries a chatbot, as it seeks to challenge Nvidia's dominance in the AI processor market. Cerebras' flagship wafer-scale engine (WSE) is a single chip the size of a ‌dinner plate containing trillions of ⁠transistors, a design that it says is more efficient than connecting thousands of smaller graphics processors together, as Nvidia does.