Nvidia price target lowered to $250 from $310 at Tigress Financial » 09:3312/0812/08/22
Tigress Financial analyst…
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KULR Technology expands KULR VIBE offering with AI server platform » 08:3412/0712/07/22
KULR Technology Group…
KULR Technology Group (KULR) announced that it will be expanding its vibration reduction solution KULR VIBE offering with the launch of a scalable, centralized artificial intelligence server platform. Powered by NVIDIA (NVDA) accelerators, the updated KULR VIBE system will deliver faster processing speeds and data capture for remote access. Of particular interest and request from KULR's enterprise customers, the cornerstone of this expansion will bring enhanced security to protect customer data, mission-critical projects and intellectual against potential cyber security risks.
Intel sees down Q1 sales down 5%-7% as 'right starting point for seasonality' » 11:5512/0512/05/22
Asked at the UBS Global…
Asked at the UBS Global TMT conference about "the shape of next year" in terms of sales and seasonality, Intel executives said "visibility isn't pristine in this case," but they estimate that the inventory digestion that has been going on with their customers "probably doesn't finish at the end of this year" and that it will likely continue into next year while being coupled with macro headwinds. In that context, an executive at the company stated that Intel "won't be probably out of the woods in terms of inventory digestion at the end of Q4." The executive said: "So we would model something no better than seasonal... depending on the mathematical analysis you do, if you go back three years, it's actually more like low single digit declines. If you go out more like five to seven years, you get more to this 5%-7%, which I think is the right starting point for seasonality because the last couple years have been so noisy with COVID and so forth, its kind of hard to get good data. And so, that's kind of the near-term, obviously it's macro driven."
Apple, Nvidia to be first-wave customers for TSMC Arizona factory, Nikkei says » 06:1812/0512/05/22
AAPL, NVDA, TSM
Apple (AAPL) and Nvidia…
Apple (AAPL) and Nvidia (NVDA) are expected to be two of the first customers for Taiwan Semiconductor Manufacturing Company's (TSM) new Arizona factory, which is scheduled to start producing chips as early as year-end next year, Nikkei's Cheng Ting-Fang reports, citing sources briefed on the matter. Apple will be the most significant first-wave customer when the plant begins making chips, with Nvidia likely to follow. Reference Link
Here's What You Missed in Crypto This Week » 10:0012/0212/02/22
$BTC, BTC, BITCOIN, $ETH, $LTC, $DOGE, COIN, HOOD, AAPL, SI, BKKT, AMD, NVDA, IDEX, RIOT, OSTK, TEUM, SRAX
As bitcoin, ethereum and…
|Over a week ago|
AMD, Viettel collaborate on 5G mobile network expansion » 09:0412/0112/01/22
AMD and Viettel High Tech…
AMD and Viettel High Tech announced the successful completion of a 5G mobile network field trial deployment conducted by Viettel and powered by AMD Xilinx Zynq UltraScale+ MPSoC devices. Designed to meet the growing capacity and performance requirements of mobile users globally, the Viettel 5G mobile network is expected to be completed by the end of 2022. "5G provides new opportunities to offer higher levels of performance, power efficiency and new services along with increased reliability required to meet the growing data demands of cellular networks," said Yousef Khalilollahi, corporate vice president of APAC sales, Adaptive and Embedded Computing Group, AMD. "We are proud of our close collaboration with Viettel and remain focused on enabling its mobile network to deliver the optimal end-user experience as well as the flexibility to evolve and grow as Viettel's user base and required bandwidth continue to increase globally."
Mobileye initiated with a Buy at New Street » 07:5512/0112/01/22
New Street analyst Pierre…
New Street analyst Pierre Ferragu initiated coverage of Mobileye (MBLY) with a Buy rating and $42 price target. Mobileye is the only autonomous driving pure-play and "very well positioned to deliver a strong performance in the near term," Ferragu tells investors.
TSMC plans to produce 4nm chips at Arizona plant, Bloomberg reports » 05:5212/0112/01/22
TSM, AAPL, AMD
At the urging of Apple…
At the urging of Apple (AAPL), AMD (AMD), and others, TSMC (TSM) plans to make advanced 4nm chips when its ~$12B Arizona plant opens in 2024, an upgrade to prior 5nm claims, Bloomberg's Ian King, Mark Gurman, and Debby Wu report. According to people familiar with the matter, TSMC is expected to announce the new plan when President Joe Biden and Commerce Secretary Gina Raimondo visit Phoenix for a ceremony next Tuesday. Reference Link
Synopsys appoints Shelagh Glaser as CFO » 16:0711/2911/29/22
Synopsys announced that…
Synopsys announced that it has appointed Shelagh Glaser as CFO, effective December 2. Previous CFO Trac Pham, who announced his planned retirement in December 2021, will remain with the company through December 2022 to ensure an orderly transition. Glaser joins Synopsys from Zendesk, a software-as-a-service CRM company, where she served as chief financial officer for the last two years. Prior to its acquisition by a consortium led by Hellman & Friedman and Permira, she led global finance, which includes finance and strategy, accounting, corporate reporting and forecasting, as well as procurement, real estate and investor relations. Glaser serves on the board of PubMatic, a leader in the digital advertising supply chain, and is a member of the audit committee. Prior to joining Zendesk, Glaser grew her career at Intel (INTC) over 29 years, most recently as a corporate vice president of Intel's two largest business units. She served as CFO and COO for the Data Platform Group and the Client Computing Group. She holds an MBA from Carnegie Mellon University and a bachelor's degree in economics from the University of Michigan.
Crypto lender BlockFi files for bankruptcy amid FTX 'entanglement,' NYT says » 16:5711/2811/28/22
BTC, $BTC, BITCOIN, $ETH, $LTC, GBTC, SQ, NVDA
Amid the troubles for Sam…
Amid the troubles for Sam Bankman-Fried's, FTX, "the embattled" crypto exchange, BlockFi, a cryptocurrency lender who serviced "ordinary investors eager for a piece of the crypto mania, filed for bankruptcy on Monday," writes Lauren Hirsch, David Yaffe-Bellany and Ephrat Livni for the NY Times. According to the NY Times story, The company said in court filings it had more than 100,000 creditors, as well as $10 billion in assets and liabilities. It also said it would reduce expenses considerably, including labor costs. It employed 850 people as of last year. Reference Link