Intel posts upbeat revenue forecast, boosted by rising PC demand and new investments from Nvidia, SoftBank, and the U.S. government. Shares jump as CEO Lip-Bu Tan’s cost cuts and turnaround strategy take shape.
TSMC boosts 2025 revenue growth forecast to mid-30% for second time this year, citing stronger-than-expected AI chip demand despite geopolitical challenges.
Nvidia stock rises 2.2% in premarket trading as analysts remain bullish on AI chip demand. HSBC upgrades to Buy with $320 target, citing strong earnings potential through 2027.
Astera Labs partners with Arm Total Design to deliver chiplet connectivity for AI infrastructure using PCIe, CXL, and UALink amid recent stock volatility.
OpenAI has formalized a multiyear agreement with Broadcom to co-develop and deploy 10 gigawatts of custom AI chips and computing systems starting in 2026.
Nvidia stock is soaring thanks to huge demand for its AI chips. The US shipped chips to the UAE for billions in investment, cutting out China.
