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 ...
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Jensen Huang says Marvell Technology could be the next chip firm to join the trillion-dollar club, predicting a surge in demand for AI hardware fueled by the emergence of autonomous models.
Jensen Huang says Marvell Technology could be the next chip firm to join the trillion-dollar club, predicting a surge in demand for AI hardware fueled by the emergence of autonomous models.
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'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.
The firm behind the Claude chatbot revealed on Monday it had filed paperwork for an expected 1.0 trillion US dollar IPO.
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.
(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
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, ...
The new head of the Fed has a virtually impossible task of appeasing the president and Wall Street concerning interest rates.
Musk defended SpaceX's lofty valuation, noting that Tesla's IPO market cap was just 0.1% of its current $1.3 trillion value.
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.
Paris-listed shares jumped 8.2%, adding to a rally that has led the stock to nearly triple its value since the start of the year.
June 2 (Reuters) - European shares opened higher on Tuesday as strong forecasts from chipmaker STMicroelectronics lifted technology stocks, while investors awaited a key inflation report later in the
Yardeni expects strong retail demand for the AI-3 IPOs, noting that brokers have already begun inviting clients to participate in the SpaceX offering.
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.
(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
The stock may have been treated harshly based on the company's fundamentals alone, but the drop makes more sense in the context of the broader AI landscape.
Real income growth has slowed to a pace "rarely seen outside of recession," Goldman Sachs warns — and Americans are only beginning to feel the squeeze.
Broadcom's custom chips and AI networking are winning market share in data centers.
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.
Enterprise AI software company C3.ai (NYSE:AI) will be announcing earnings results this Wednesday after market hours. Here’s what to expect.
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.
SpaceX may be impressive, but investors should also weigh the downside risk.
Cybersecurity platform provider CrowdStrike (NASDAQ:CRWD) will be reporting earnings this Wednesday afternoon. Here’s what to look for.
Credo Technology Group Holding Ltd (CRDO) reports a 206% revenue increase, driven by strong optical portfolio growth and strategic acquisitions, despite supply chain challenges.
Hewlett Packard Enterprise Co (HPE) reports a 40% revenue surge and a 108% increase in EPS, driven by robust performance in Cloud, AI, and Networking segments.
Palo Alto Networks reports earnings Tuesday as the cybersecurity company integrates CyberArk and positions itself to secure AI agents across enterprise networks.
Tesla influencer AleXandra Merz said that a 50/50 SpaceX-Tesla merger could revalue Tesla from $1.6 trillion to $2.05 trillion.
40% of nearly 1,000 major companies surveyed by Bain & Company found cost reductions from AI use of just 10% or less.