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Eliyan raises $145 million at $1 billion valuation to ease AI chip data bottlenecks
Reuters17d agoneutral
Eliyan raises $145 million at $1 billion valuation to ease AI chip data bottlenecks

Eliyan, a startup that aims to ease the bottlenecks in transferring data between AI chips in data centers, ‌said on Wednesday it had raised $145 million in venture funding at a $1 billion ‌valuation. Cisco Systems, Lumentum and an early investor in networking pioneer Mellanox before its sale to Nvidia backed the raising, ​according to Santa Clara, California-based Eliyan. The startup is developing technology aimed at the growing list of companies that are developing their own custom AI computing chips to compete with graphics processing units from Nvidia and Advanced Micro Devices.

Core Scientific Q2 Earnings Call Highlights
MarketBeat18d agoneutral
Core Scientific Q2 Earnings Call Highlights

Core Scientific (NASDAQ:CORZ) said it has entered a commercial partnership with AMD covering up to 2.5 gigawatts of data center capacity, beginning with approximately 530 megawatts across five campuses under 15-year agreements. Chief Executive Officer Adam Sullivan said the initial agreements repre

Celestica Q2 Earnings Call Highlights
MarketBeat18d agoneutral
Celestica Q2 Earnings Call Highlights

Celestica (NYSE:CLS) reported second-quarter 2026 revenue and adjusted earnings per share above the high end of its guidance, supported by demand for AI infrastructure and networking programs. The company also raised its full-year outlook and said it expects revenue growth to accelerate in 2027. Se

Core Scientific Stock Jumps on AMD Data-Center Deal
The Wall Street Journal18d agobullish
Core Scientific Stock Jumps on AMD Data-Center Deal

Shares in AI infrastructure provider Core Scientific jumped around 5% in premarket trading after it announced a deal with chip maker AMD. The deal's initial phase would see AMD use 500 megawatts of Core Scientific data-center capacity by 2027.

Core Scientific signs AI infrastructure deal with AMD
Reuters18d agoneutral
Core Scientific signs AI infrastructure deal with AMD

Core Scientific ‌signed ‌a deal with ​AMD, under which the chip ‌firm ⁠will secure up ⁠to 2.5 ​gigawatts ​of data ​center ‌capacity to support customer deployments of its ‌AI ​systems, ​the ​companies ‌said on Tuesday. (Reporting ​by ​Harshita Mary Varghese ​in ‌Bengaluru; Editing ​by Leroy ​Leo)

Chinese IPO Rattles Chip Stocks
The Wall Street Journal19d agoneutral
Chinese IPO Rattles Chip Stocks

The company topped Industrial and Commercial Bank of China to become the most valuable company listed in a mainland Chinese market. ASML and Advanced Micro Devices fell 5.8% and 5.2%, respectively. The Nasdaq Composite ended the day down 0.2%.

UBS hurries to reset AMD stock target on key AI Day signals
TheStreet20d agoneutral
UBS hurries to reset AMD stock target on key AI Day signals

Wall Street usually takes a few days to digest a product event. However, UBS took less than one. Advanced Micro Devices (AMD) concluded its Advancing AI 2026 keynote in San Francisco on July 23. By the following morning, UBS analyst Timothy Arcuri had already raised his price target on the ...

Bank of America revamps AMD stock price target for 2026
TheStreet21d agoneutral
Bank of America revamps AMD stock price target for 2026

For years, the AI chip conversation has had one dominant name and a long list of challengers trying to close the gap. Most of them haven't. One of them is starting to look different, and Bank of America just made that case in writing. Bank of America analyst Vivek Arya, who covers semiconductors ...

Wells Fargo doubles down on AMD stock after Anthropic deal
TheStreet22d agoneutral
Wells Fargo doubles down on AMD stock after Anthropic deal

AMD has already had one of the best years of any stock in the market. Up more than 170% year-to-date. A market cap pushing toward $1 trillion. A server CPU business that's been quietly taking share from Intel while the GPU story was getting all the headlines. Wells Fargo analyst Aaron Rakers raised ...