All articles tagged with #ai chips
Taiwan Semiconductor Manufacturing Co (TSMC) reported record third-quarter revenue of approximately NT$1.49 trillion, driven by strong demand for advanced AI chips. September net revenue reached NT$511.86 billion, marking a 54.6% year-over-year increase, though it was slightly below August figures. The company’s stock dipped 1.35% prior to the release, and full quarterly results are expected next week.
Taiwan Semiconductor Manufacturing Co (TSMC) reported record third-quarter revenue of T$1.49 trillion, up 50% year-over-year, driven by surging AI chip demand. The stock hit a record high, with analysts forecasting continued growth into 2027.
Cerebras shares jumped 9% on Monday after OpenAI CEO Sam Altman publicly reaffirmed the chipmaker as a 'close partner,' reversing a 20% weekly decline. The surge followed reports that OpenAI would use Nvidia GPUs for its GPT-6.1 Sol 'Ultrafast' mode instead of Cerebras hardware. Despite the rebound, Cerebras’ market cap has fallen to $43 billion from $95 billion since its May IPO, with analysts noting that revenue outlooks remain unchanged but margins are critical.
Cerebras shares surged 9% on Monday after OpenAI CEO Sam Altman publicly reaffirmed the chipmaker as a 'close partner,' reversing a 20% decline from the previous week. The rebound followed reports that OpenAI would use Nvidia GPUs for its GPT-6.1 Sol 'Ultrafast' mode instead of Cerebras chips. Cerebras' market cap has fallen to $43 billion from $95 billion since its May IPO, with analysts noting that revenue outlooks remain unchanged but margins are critical.
Broadcom's AI semiconductor revenue grew 221% year-over-year to $16.7 billion in the third quarter, yet the stock has underperformed the broader market. Management projects AI revenue reaching $115 billion in fiscal 2027 and $230 billion in fiscal 2028, driven by custom chip deals with major tech firms. Despite a 19x forward price-to-earnings ratio, the stock trades below its 52-week high, with analysts debating whether supply constraints or sustained demand will drive the next phase of growth.
Two former Groq engineers have filed a lawsuit in Delaware, alleging that Nvidia's $20 billion licensing deal with Groq in 2025 unfairly favored top executives and board members at the expense of common shareholders. The complaint claims the transaction, described by Nvidia as a non-exclusive license, effectively functioned as an acqui-hire that stripped Groq of its core technology and nearly 200 employees. Plaintiffs argue the deal structure allowed insiders to receive separate compensation while leaving common shareholders with a hollowed-out company, a claim Groq calls meritless.
Marvell Technology is set to hold an Investor Day on October 6, 2026, where analysts expect the company to raise its revenue guidance for fiscal 2027 and 2028. The event is anticipated to highlight strong growth in custom AI processors and networking chips, potentially driving a significant stock price move after a recent pullback from its 52-week high.
The US Department of Justice has indicted Greg Lui, CEO of Earthmade Computer, for allegedly smuggling over $300 million in export-controlled Nvidia GPUs to China. Prosecutors claim Lui used false paperwork and third-country rerouting via Malaysia and Singapore to bypass restrictions between 2023 and 2026. The case highlights ongoing tensions between US enforcement efforts and Nvidia’s stance on export compliance, with officials accusing the chipmaker of failing to flag suspicious shipments.
Micron CEO Sanjay Mehrotra stated that memory supply will remain constrained through 2028, with 75% of 2027 output already sold. While the company sees opportunities in humanoid robots and self-driving cars, investors worry about cyclical peaks and margin pressure despite strong earnings.
Micron CEO Sanjay Mehrotra stated that memory supply will remain constrained through 2028, with 75% of 2027 output already sold. Despite record margins, investors worry about cyclical peaks and potential margin compression, causing shares to wobble after strong earnings.
U.S. stock indices rebounded as Treasury yields fell and chip stocks surged, driven by Micron's exceptional quarterly results. Micron reported revenue of $54.23 billion and adjusted earnings of $33.42 per share, both exceeding estimates, as demand for high-bandwidth memory (HBM) for AI infrastructure continues to spike. The company expects first-quarter revenue of $61.5 billion, signaling sustained growth. This performance contrasts with recent market narrowness, where only a few tech giants drive index highs despite broad weakness in other sectors.
Nvidia's board has authorized an additional $150 billion for share repurchases, bringing the total remaining buyback program to $235 billion. This is the largest single increase in corporate history. The company plans to execute the full program through fiscal 2028, citing strong cash generation from the AI sector.
China may resume imports of Nvidia AI chips, potentially boosting NVDA stock. Recent data shows NVDA at $225.07, up 0.22%. Market reaction depends on export policy shifts and AI demand.
Intel shares have surged over 220% in 2026, driven by AI demand and data center growth, but analysts debate whether the current valuation is justified by fundamentals or speculative hype.
Chinese President Xi Jinping arrived in Washington for a state visit, receiving a rare tarmac welcome from President Trump at Joint Base Andrews. The summit, the first in over a decade, features a state dinner and formal meetings, but experts doubt major policy breakthroughs. Key issues include extending the tariff truce, AI chip restrictions, and Taiwan.