Micron Stock Drops Despite Strong AI-Driven Earnings
Micron Technology reported strong AI-driven earnings growth, but its stock fell following the results as investors reacted to valuation concerns and supply constraints.
Micron Technology reported strong AI-driven earnings growth, but its stock fell following the results as investors reacted to valuation concerns and supply constraints.
Asian semiconductor shares sank after Nvidia’s overnight decline, with major suppliers including SoftBank, SK Hynix, Samsung, and TSMC posting sharp losses. T
Anthropic is committing $30 billion in Azure compute as part of a major new partnership with Microsoft and Nvidia, expanding Claude and deepening collaboration on AI infrastructure.
AI-driven demand for HBM chips is tightening memory supply, raising prices and pressuring consumer electronics and automotive sectors heading into 2026.
AMD CEO Lisa Su dismissed fears of an AI spending bubble, saying Big Tech’s aggressive investments in computing infrastructure are essential to accelerating innovation and long-term growth.
GlobalFoundries beat Wall Street expectations for Q3 and issued upbeat guidance for Q4, citing strong demand from automakers and data center clients amid rising AI and EV chip needs.
AI hardware startup Tsavorite Scalable Intelligence received over $100 million in pre-orders for its Omni Processing Unit chips, designed to unify CPU, GPU, memory, and connectivity for scalable AI workloads.
Tesla CEO Elon Musk said the company will likely build its own massive chip manufacturing facility to meet rising AI demand — and suggested Intel could be a potential partner.
Nvidia CEO Jensen Huang clarified remarks suggesting China would win the AI race, saying the U.S. can stay ahead by innovating faster and empowering global developers.
Hafnium prices in Europe have climbed near record highs as China tightens exports and soaring AI chip production drives global demand for the rare metal.
Nvidia CEO Jensen Huang announced that the company’s Blackwell AI chips are now in full production in Arizona, marking a major step in bringing semiconductor manufacturing back to U.S. soil.
Oracle Cloud Infrastructure will deploy 50,000 AMD Instinct MI450 GPUs beginning in 2026, underscoring the growing competition to Nvidia in the global race for AI computing capacity.
OpenAI has announced a strategic partnership with Broadcom to design and deploy 10 gigawatts of custom AI accelerators, expanding its hardware ecosystem beyond Nvidia and AMD.
AMD and OpenAI have entered a multi-year, 6-gigawatt partnership to deploy AMD Instinct GPUs and build next-generation AI infrastructure, marking one of the largest compute collaborations in the industry’s history.
OpenAI has entered into a strategic agreement with AMD to supply high-performance AI chips, diversify its hardware sources, and build next-gen compute capacity.