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SpaceX  Launches Start of Acquisition Spree with Cursor After Historic IPO
24/7 Wall St.60d agoneutral
SpaceX  Launches Start of Acquisition Spree with Cursor After Historic IPO

The market has spent years viewing SpaceX (NASDAQ:SPCX) primarily as a rocket company, but that narrative no longer fits. The company’s historic IPO, which raised $85.7 billion after underwriters exercised the so-called “greenshoe” overallotment — with the stock currently valued at more than $2.7 trillion — revealed a business pursuing ambitions that stretch far beyond ... SpaceX Launches Start of Acquisition Spree with Cursor After Historic IPO

US supercomputer taps Intel spinout Cornelis Networks for networking chips
Reuters60d agoneutral
US supercomputer taps Intel spinout Cornelis Networks for networking chips

Cornelis, an Intel spinout developing networking technology aimed at data centers, ‌on Tuesday said that its chips are now being ‌used by a U.S. supercomputer used for nuclear weapons work. Under the National Nuclear ​Security Administration, a trio of U.S. national labs works to develop and maintain the nation's nuclear weapons with extremely accurate computer simulations of nuclear reactions, one of the most demanding tasks in the ‌entire computing industry. Lawrence ⁠Livermore National Laboratory said Tuesday that it has tapped Cornelis chips to connect 952 computers in ⁠its new "Lynx" system.

Intel gets a $170 billion AI reason to matter again
TheStreet61d agoneutral
Intel gets a $170 billion AI reason to matter again

For much of the artificial intelligence boom, investors have heard one simple story. Graphics processing units were at the center of it all. That thesis made Nvidia (NVDA) a must-have in the stock market. It also drove investors to Advanced Micro Devices (AMD), Broadcom (AVGO), Marvell Technology ...

Investing.com61d agoneutral
This analyst sees Intel reaching a $5 trillion valuation

Chowdhry's thesis rests on a simple but far-reaching claim: the AI boom that enriched Nvidia is giving way to a different era. "Ai Training is the Past - Ai Inference is the Present - Ai Applications is the Future, i.e., GPUs is the Past, CPUs is the Future," he wrote, framing 2026 and beyond as the era of Intel's 18A Xeon server chips and 18A Panther Lake laptop processors, in direct contrast to 2025 and prior being Nvidia's GPU moment.

AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom
Reuters61d agoneutral
AT&S invests up to €2 billion in Malaysia plan to capitalise on AI boom

Austrian circuit board manufacturer AT&S has announced it is investing ‌up to €2 billion ($2.3 billion) in Malaysia to ‌capitalise on the AI boom, sending its shares soaring nearly 30%. "We ​will fully expand our site in Kulim," the company's CEO Michael Mertin told Reuters in an interview on Monday. The company announced on Saturday it would expand capacity ‌in Kulim and ⁠raised its outlook for 2026/27, citing agreements with its customer AMD, the U.S. chipmaker, ⁠and another technology company on the back of strong demand for AI infrastructure.

Investing.com64d agoneutral
Investing.com’s stocks of the week

Investing.com -- Investors have had to assess a mix of earnings disappointments, capital raises, and shifting fortunes, with the week headlined by SpaceX's high-profile public market debut.

Bank of America makes major reset to Intel stock price target
TheStreet64d agoneutral
Bank of America makes major reset to Intel stock price target

On June 11, Intel (INTC) received a Wall Street revamp that could flip the script on its stock performance, according to a research note shared with me at TheStreet. Investors had been bracing for more skepticism around Intel’s turnaround. The company still faces fierce pressure from Nvidia, ...

Goldman Sachs doubles down on stock market outlook for 2026
TheStreet64d agoneutral
Goldman Sachs doubles down on stock market outlook for 2026

The S&P 500 has climbed to near-record highs despite growing concerns about valuations, AI spending, and signs of speculative behavior across parts of the market. The S&P 500 has rallied 8% year to date, after delivering double-digit gains in 2023, 2024, and 2025. Investors have recently ...

Exclusive-Nvidia begins Vera CPU sales pitch to Chinese clients, sources say
Reuters64d agoneutral
Exclusive-Nvidia begins Vera CPU sales pitch to Chinese clients, sources say

Nvidia has told Chinese clients that its new "Vera" central processors for AI data centres could be available as soon as August and that they can begin placing orders, three sources familiar with the matter said. Nvidia's market share in China has effectively fallen to zero, its CEO Jensen Huang said in October, hurt by U.S. export controls on advanced ​chips and Beijing's push for self-reliance in key technologies. The move also raises the stakes in its competition with major CPU firms Intel and AMD, which are racing to increase supplies of server CPUs for AI data centres.

Nvidia hires veteran lobbyist Bruce Andrews to head government affairs, sources say
Reuters65d agoneutral
Nvidia hires veteran lobbyist Bruce Andrews to head government affairs, sources say

Nvidia has hired ​veteran lobbyist Bruce Andrews to head government ‌affairs in ⁠Washington, D.C., two sources ⁠briefed on the matter ​said ​on ​Thursday. Andrews served ‌as chipmaking rival Intel's government affairs chief under former CEO ‌Pat Gelsinger. During ​the ​Obama administration, ‌Andrews was a ​Commerce ​Department official.