AI chipmaker Tenstorrent raises $1.5 billion at a $6.2 billion valuation, with Sandisk (SNDK) among backers
Jim Keller's chip company more than doubled its valuation months after reported takeover interest from Intel and Qualcomm. Here's who invested and where the money goes.
ByteDance is reportedly close to a deal to buy custom AI chips from MediaTek
The deal could make ByteDance MediaTek's second major customer for custom chips.
Amazon (AMZN) reportedly in talks to buy AI startup Decart for around $7 billion, a month after Anthropic walked away
Amazon is reportedly in talks to buy Decart, a startup whose chip software already runs on Amazon's Trainium, about a month after Anthropic dropped its own pursuit.
Edge AI stocks compared: Qualcomm (QCOM) vs Arm (ARM) vs Ambarella (AMBA)
Qualcomm, Arm, and Ambarella all sell into edge AI, the work of running AI models on devices instead of in data centers, but they make money in different ways. Here is how their businesses and latest quarterly results compare.
Qualcomm (QCOM) launches two 2nm Snapdragon chips, with on-device AI leading the pitch
Qualcomm unveiled two flagship Snapdragon chips at its Snapdragon Summit, the 8 Elite Gen 6 and a higher-tier Extreme Gen 6. Both are built on TSMC's 2nm process, and the headline feature is running AI models on the phone instead of the cloud.
Qualcomm (QCOM) lands Amazon (AMZN) AI chip deal with a warrant tied to up to $60 billion in purchases
Qualcomm and Amazon announced a multi-generation deal on custom AI inference chips and 1.6T optical links. The 8-K shows the warrant was issued September 3, five days earlier, with 3.75 million shares vested on initial commitments.
About $25 billion of Microsoft's (MSFT) AI budget is memory getting more expensive. Wednesday says whether that grew.
Microsoft told investors in April it would spend about $190 billion on capital projects this year. Around $25 billion of that increase bought nothing new, it was the same buildout at a higher price after memory costs rose. Microsoft reports Wednesday after the close, two hours after the Fed decision.
Fed rate hike odds went from 10.7% to 38% in nine days. AI stocks are the most exposed.
Odds of an increase at Wednesday's meeting stood at 38% on July 24, against 10.7% on July 15. Nine of 18 FOMC participants projected a hike this year back in June, and Chair Kevin Warsh says policymakers have no tolerance for elevated inflation. June CPI came in cooler than forecast, but oil has since gone back over $100, and the AI trade is the part of the market most exposed to what happens next.
Microsoft (MSFT) is testing Moonshot's Kimi K3 for Copilot to cut its Azure AI bill by $600 million
Microsoft is testing Moonshot's Kimi K3 for Azure and Copilot, hoping to cut AI costs by $600 million, the same week the model's launch gave chip stocks a rough ride and its maker began prepping a $30 billion Hong Kong IPO.
Micron (MU), Nebius (NBIS) and chip stocks jump on Hyperliquid's weekend tape
Real markets are closed for July 4th, but tech and chip stocks are trading green right now on Hyperliquid's 24/7 stock perpetuals. Micron, Marvell and Nebius lead the bounce, and the S&P 500 and Nasdaq perpetuals are up too. Here is the full read, and why Monday could look nothing like this.
Bullish Watch, week of July 6: four oversold names, and one that already bounced
This week's Bullish Watch: CleanSpark (CLSK), Nokia (NOK), Teradyne (TER), and Ondas (ONDS) are oversold; AeroVironment (AVAV) already bounced on a beat-and-raise plus a fresh Army contract.
The market's closed, but the weekend stock tape is flashing green
The US market is closed, but stocks trade 24/7 on Hyperliquid. As of Sunday night the weekend tape is green, led by the chip names that fell hardest Friday. Our read before Monday's open.
BlackBerry (BB) surged on its AI pivot while Nokia (NOK) and Qualcomm (QCOM) sold off
BlackBerry (BB) jumped on a QNX-led earnings beat while Nokia (NOK), Qualcomm (QCOM) and the chip suppliers fell. The old phone names are no longer one trade.
What is a chip foundry? Why almost every AI chip is made by one company, TSMC (TSM)
Nvidia, Apple and AMD design chips but do not make them. A plain-English guide to what a semiconductor foundry is, the fabless model, why TSMC (TSM) makes around 70 percent of the world's chips, and the packaging bottleneck holding back AI.
Your old phone brands are AI stocks now: Nokia (NOK), BlackBerry (BB), Qualcomm (QCOM)
The brands that ruled the 2000s, Nokia, BlackBerry, Qualcomm and Ericsson, mostly got crushed by the iPhone. The survivors reinvented themselves around AI, from data-center networking to the software in your car to chips taking on Nvidia. What each does now, and the catch.
Bullish Watch, week of June 29: four AI names we're watching into the July 4 week
Our first weekly bullish watch. Four AI-related names heading into the holiday-shortened week of June 29, each with a real catalyst and the risk that comes with it. Watching, not recommending.