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Nvidia just hit a jackpot in the Chinese market
TheStreet89d agoneutral
Nvidia just hit a jackpot in the Chinese market

Jensen Huang walked onto the GTC Taipei stage on June 1 and described a humanoid robot by its weight and height before anything else. Six feet. 150 pounds. "Just like me," he said. The robot standing behind him was built by a Chinese startup. And that detail is more significant than it first ...

Marvell Stock Soars After Nvidia’s Huang Says It Could Be Next $1 Trillion Company
The Wall Street Journal89d agobullish
Marvell Stock Soars After Nvidia’s Huang Says It Could Be Next $1 Trillion Company

Marvell Technology shares have jumped more than 20% in premarket trading, after Nvidia's Jensen Huang said the company could be the next chip firm to join the trillion-dollar club. Speaking at the Computex trade show in Taiwan, Huang predicted a surge in demand for artificial-intelligence hardware fueled by the emergence of autonomous models. Addressing the technical challenges of scaling massive AI data centers, Huang said that computing is becoming increasingly disaggregated and distributed, and to tie these sprawling systems together, the industry must rely heavily on advanced connectivity.

Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'
Reuters89d agobullish
Marvell Technology surges after Nvidia's Huang calls it 'next trillion-dollar company'

Marvell Technology's shares surged ‌more than ‌24% in premarket trading ​on Tuesday after Nvidia CEO Jensen Huang called the chipmaker ‌the ⁠next "trillion-dollar company." Huang and Marvell CEO Matt ⁠Murphy were speaking at an ​event at ​the ​Computex week ‌in Taipei on Tuesday. Marvell shares were last up 24.4% at $272.9, set to add ‌more than $47.2 ​billion in ​market ​capitalisation if ‌gains hold.

HPE surges 29% as AI infrastructure boom boosts server demand
Reuters89d agobullish
HPE surges 29% as AI infrastructure boom boosts server demand

Hewlett Packard Enterprise shares rallied nearly 29% in premarket trade on Tuesday, as investors cheered ‌the AI server maker pulling forward its long-term financial ‌targets by two years, buoyed by strong AI infrastructure demand. HPE, which competes with ​Dell Technologies and Super Micro Computer in enterprise servers, is seeing sustained demand as large enterprises bring forward purchases to avoid supply risks amid surging memory chip prices. Hyperscalers including Alphabet and Amazon ‌are set to spend ⁠more than $700 billion on AI infrastructure this year, likely boosting demand for HPE's server and networking ⁠products.

Bloomberg89d agoneutral
Goldman Said to Work on Retailer IPO, Boosting Kuwait Push

(Bloomberg) -- Goldman Sachs Group Inc. is working on a potential initial public offering of a Kuwaiti online beauty and fashion retailer, a deal that could mark the Wall Street bank’s first listing mandate in the Gulf nation as it seeks to expand there.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz T

Senate Returns With Clarity Act: CBDC Blocked, Stablecoins Win
Cryptonews89d agoneutral
Senate Returns With Clarity Act: CBDC Blocked, Stablecoins Win

The US Senate has returned from recess with the Digital Asset Clarity Act at the top of the legislative calendar, and the bill’s most consequential provision is not market structure-it is the explicit prohibition on the Federal Reserve issuing a retail Central Bank Digital Currency. That CBDC block, if enacted, ...

Broadcom Earnings, Jobs Report: What to Watch This Week
The Wall Street Journal90d agoneutral
Broadcom Earnings, Jobs Report: What to Watch This Week

Broadcom is set to be the final semiconductor giant to report earnings for the quarter, as a historic rally in chipmaker stocks shows little signs of abating. Investors will also watch Friday’s jobs report—one of the first major economic indicators that will inform the Federal Reserve under its new chairman, Kevin Warsh.

SK Hynix plans to double wafer capacity in next five years, group chairman says
Reuters90d agoneutral
SK Hynix plans to double wafer capacity in next five years, group chairman says

The chairman of South Korea's SK Group said on Tuesday its memory chip ‌unit SK Hynix aims to double wafer capacity ‌over the next five years. Chey Tae-won was speaking at the Computex conference ​in Taipei, where executives from some of the world's top technology companies, including Nvidia, are gathering. He added that he hopes his company can be a major high-bandwidth memory (HBM) supplier for Nvidia's Vera Rubin system.

Arm May Hit $15 Billion AI Chip Revenue Goal Early, CEO Says
Bloomberg90d agoneutral
Arm May Hit $15 Billion AI Chip Revenue Goal Early, CEO Says

(Bloomberg) -- Arm Holdings Plc may achieve its target of $15 billion in sales of its own chips earlier than anticipated, its chief executive officer said, reflecting stronger-than-projected demand from the AI boom.Most Read from BloombergRussia Finance Officials Tell Putin War Spending Is UnaffordableCanada Dips Into Technical Recession for First Time Since 2020Alphabet to Raise $80 Billion in Equity for AI SpendingUS Says Deals With Iran for Safe Hormuz Transit Are ProhibitedAndrew Left Found

STMicroelectronics raises data centre revenue target on AI demand
Reuters90d agoneutral
STMicroelectronics raises data centre revenue target on AI demand

STMicroelectronics raised the revenue target for its ‌data centre business on ‌Tuesday, citing continued strong demand tied to ​AI infrastructure and progress in expanding capacity. The Franco-Italian chipmaker now expects data centre revenue of about $1 ‌billion in ⁠2026, compared with its previous forecast for revenue "nicely ⁠above" $500 million. "Assuming the current dynamic continues and with the current ​engagements we ​have, revenues ​could double in ‌2027," STMicro said in a statement.

Amazon moves Prime Day back to June, keeps it a four-day event
Reuters90d agoneutral
Amazon moves Prime Day back to June, keeps it a four-day event

Amazon.com will host its annual Prime Day sales event from June 23 to June 26 after launching the event in July for the ‌past five years, citing major holidays and sporting events as factors in its decision. Prime Day ‌is one of Amazon's biggest sales events of the year, and helped drive $24.1 billion in U.S. online spending in 2025 when ​it extended the event to four days from two, according to data from Adobe Analytics. The e-commerce company considers U.S. and global events, religious holidays and bank holidays when choosing the dates for Prime Day each year.