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Intel CEO reveals rare ‘speed-of-light’ turnaround plan
TheStreet82d agoneutral
Intel CEO reveals rare ‘speed-of-light’ turnaround plan

"Speed of light." That's a phrase that gets thrown around in corporate turnaround stories so often that it has almost lost meaning: "We're moving faster." Most of the time, it is conference room language — something that sounds good in a press release and means very little in practice. When Intel ...

AMD just beat rival chipmakers to the punch
TheStreet82d agoneutral
AMD just beat rival chipmakers to the punch

Advanced Micro Devices (AMD) stock closed the May 22 trading session 3.99% up at $467.51, hitting its all-time high. The stock has rallied and made impressive year-to-date gains of 118.3% at the time of writing, Saturday morning, May 23. The rally has been boosted by hyperscalers increasing their ...

White House makes bold $2 billion bet on quantum stocks
TheStreet82d agoneutral
White House makes bold $2 billion bet on quantum stocks

For most of American economic history, the federal government has been a customer of innovation, not an owner of it. The Pentagon writes checks for fighter jets. NASA pays contractors to build rockets. The Energy Department funds the national labs that work on science nobody else will pay for. But ...

Dan Ives Called IBM 'Sleeping Giant'—Now Trump's $1 Billion Quantum Bet Is Proving Him Right
Benzinga83d agoneutral
Dan Ives Called IBM 'Sleeping Giant'—Now Trump's $1 Billion Quantum Bet Is Proving Him Right

A new company backed by International Business Machines Corp. (NYSE:IBM) is receiving a $1 billion U.S. government investment to establish America’s first quantum foundry, supporting Wall Street forecasts that IBM will be a central player in the global quantum industry. Validating The ‘Massive Upside’ This historic federal backing confirms Wedbush Securities analyst Dan Ives‘ thesis. Analyzing the tech sector’s trajectory, Ives told CNBC that IBM is a “sleeping giant” and praised its strategic d

Trump Admin to Invest $2 Billion in Quantum Computing Firms, Take Equity Stakes
The Fiscal Times83d agoneutral
Trump Admin to Invest $2 Billion in Quantum Computing Firms, Take Equity Stakes

<p>The Trump administration plans to invest $2 billion in nine companies in the field of quantum computing, the U.S. Department of Commerce said Thursday. As with previous U.S. investments under Trump in firms including Intel and US Steel, the federal government will receive minority ownership stakes in the companies in return for the investments. </p> <p>Industrial technology giant IBM will receive $1 billion, the largest investment overall. IBM

AMD makes a major $10 billion push in crucial tech hub
TheStreet84d agoneutral
AMD makes a major $10 billion push in crucial tech hub

Advanced Micro Devices (AMD) stock closed the May 20 trading session 8.1% up at $447.58, according to Yahoo Finance. It is currently trading 0.8% down at $444.0, according to Yahoo Finance at the time of writing, Thursday morning, May 21. ARM closed 15.05% higher at $256.73.Intel closed 7.36% ...

Tesla’s $2 Billion xAI Bet Just Got Folded Into SpaceX: The Hidden Story Behind the IPO
24/7 Wall St.84d agoneutral
Tesla’s $2 Billion xAI Bet Just Got Folded Into SpaceX: The Hidden Story Behind the IPO

Here is the part of the SpaceX IPO story most coverage glossed over: Tesla (NASDAQ:TSLA) wrote a $2 billion check to xAI in January 2026, and weeks later that check effectively cleared into SpaceX. The $2 billion that quietly changed addresses According to the SpaceX S-1, in January 2026, Tesla entered into an agreement with ... Tesla’s $2 Billion xAI Bet Just Got Folded Into SpaceX: The Hidden Story Behind the IPO

2028 will be a more important earnings year for Nvidia: Analyst
Yahoo Finance Video84d agoneutralVIDEO
2028 will be a more important earnings year for Nvidia: Analyst

Nvidia (NVDA) beat first quarter estimates on Wednesday after reporting earnings of $1.87 per share and record quarterly revenue of $81.62 billion. While also topping second quarter guidance forecasts and announcing an $80 billion share buyback program, the AI chip stock continues to dip in Thursday's session. New Street Research technology infrastructure analyst Antoine Chkaiban — alongside Mercato Partners CEO Joe Kaiser — explains how decisive 2028 could be for Nvidia while reacting to CFO Colette Kress's comments on CPU sales forecasts.

Bloomberg84d agoneutral
Taiwan Seeks to Detain Three in Nvidia Smuggling Crackdown

(Bloomberg) -- Taiwanese officials are seeking to detain three individuals for forging documents in order to export Nvidia Corp. AI chips to China, the island democracy’s first such crackdown on semiconductor smuggling.Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI Is Ready to Go MainstreamUS Treas

US to award $2 billion to quantum computing firms and take equity stakes, WSJ reports
Reuters84d agoneutral
US to award $2 billion to quantum computing firms and take equity stakes, WSJ reports

The Trump administration is awarding $2 billion in grants to nine quantum-computing companies in deals ‌that include the U.S. government taking equity stakes, ‌the Wall Street Journal reported on Thursday, citing the Commerce Department. The ​department has agreed to give $1 billion of the package to IBM, while GlobalFoundries will receive $375 million, according to the report. The remaining firms, including D-Wave Quantum, Rigetti Computing and Infleqtion, ‌are expected to receive $100 ⁠million each, while startup Diraq may receive $38 million, according to the WSJ report.

Nvidia Gets Tepid Reaction to Forecast, Ups Investor Rewards
Bloomberg84d agoneutral
Nvidia Gets Tepid Reaction to Forecast, Ups Investor Rewards

(Bloomberg) -- Nvidia Corp., the world’s most valuable company, delivered a sales forecast that drew a lukewarm reaction from investors, even as revenue from data center operators continued to surge. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaIran Threatens to Retaliate Beyond Middle East If US AttacksHasbro Cancels Dungeons & Dragons Game From ‘Star Wars’ VeteranUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersUS Treasuries Rebound on Optimi

Intel shares rise on reports of Tenstorrent acquisition talks
Proactive85d agoneutral
Intel shares rise on reports of Tenstorrent acquisition talks

Intel Corp (NASDAQ:INTC, XETRA:INL) shares moved higher on Wednesday following reports that the company has shown early-stage interest in acquiring AI-chip startup Tenstorrent. According to Bloomberg, Tenstorrent has been working with investment banks to evaluate strategic options and has...