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Prediction: These 5 Companies Will Be Worth More Than $10 Trillion By 2030
24/7 Wall St.81d agoneutral
Prediction: These 5 Companies Will Be Worth More Than $10 Trillion By 2030

It wasn’t long ago that crossing $1 trillion in market capitalization felt like a once-in-a-generation event. Today, 14 companies have already crossed that line, and the conversation has shifted to the next milestone: $10 trillion. Five mega-caps look like the most credible candidates to reach $10 trillion by 2030. Each combines massive scale, durable cash ... Prediction: These 5 Companies Will Be Worth More Than $10 Trillion By 2030

Sony Stock Might Be One of the Deep‑Value Ways To Play AI
24/7 Wall St.81d agoneutral
Sony Stock Might Be One of the Deep‑Value Ways To Play AI

It’s getting harder to find value within the AI scene these days, especially after the latest spike in the semiconductor stocks. With the iShares Semiconductor ETF (NASDAQ:SOXX) soaring more than 6% in a single day on Tuesday, it feels like the overheated names are just getting bubblier and bubblier. Of course, there’s still relative value ... Sony Stock Might Be One of the Deep‑Value Ways To Play AI

Nvidia to spend $150 billion a year in Taiwan, 'epicentre' of AI revolution, says CEO
Reuters81d agoneutral
Nvidia to spend $150 billion a year in Taiwan, 'epicentre' of AI revolution, says CEO

TAIPEI, May 27 (Reuters) - Nvidia's chief executive said on Wednesday the chip company plans to invest around $150 billion a year in Taiwan, terming it the "epicentre" of the AI revolution and predicting it will be ‌the world's tech manufacturing hub for a long time. "Four years ago, five years ago, Nvidia was spending about 10, ‌15 billion dollars a year in Taiwan.

Asia stocks see tech gains as investors weigh US-Iran deal
AFP81d agobearish
Asia stocks see tech gains as investors weigh US-Iran deal

Asian equities were mixed on Wednesday with gains driven by soaring tech stocks and guarded optimism the United States and Iran will reach a peace deal."There remains an air of cautious optimism in markets that an MoU between the US and Iran will be signed and detailed throughout the week, although the central expectation and broad positive sentiment has been dented by the recent US defence strikes and Iran stating these measures breach the agreement," said Chris Weston, head of research at Pepp

Why KLA Corporation (KLAC) Stock Is Up Today
StockStory81d agoneutral
Why KLA Corporation (KLAC) Stock Is Up Today

Shares of semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC) jumped 6.6% in the afternoon session after Micron's blowout day signaled that AI-driven chip demand is structurally undersupplied which is bullish news for the equipment makers and foundries that build the capacity.

Nvidia to boost spending in Taiwan to $150 bn a year
AFP81d agoneutral
Nvidia to boost spending in Taiwan to $150 bn a year

Nvidia will increase investment in Taiwan to $150 billion a year, the US chip giant's boss said Wednesday, describing the export-driven island as the "epicentre of the AI revolution"."Now, we're spending $100 going to $150 billion in Taiwan each year."

Value of South Korean chip giant SK hynix tops $1 tn
AFP81d agoneutral
Value of South Korean chip giant SK hynix tops $1 tn

The market value of South Korean memory chip maker SK hynix soared past $1 trillion on Wednesday thanks to frenzied global demand for the computing hardware that powers artificial intelligence tools.Shares in SK hynix, which supplies Silicon Valley's AI chip titan Nvidia with advanced high-bandwidth memory, were up more than 11 percent in early afternoon trade.

Nvidia CEO says Taiwan is 'epicentre' of AI revolution
Reuters81d agoneutral
Nvidia CEO says Taiwan is 'epicentre' of AI revolution

Nvidia CEO Jensen ‌Huang said ‌on Wednesday that Taiwan ​is the "epicentre" of the AI revolution and the island ‌will be ⁠the world's technology manufacturing hub ⁠for a long time to come. Huang ​was ​speaking ​at a ‌launch celebration in Taipei for the chip company's planned Taiwan headquarters, which he ‌said will ​break ground ​this ​year with ‌plans to become ​operational ​in 2030.