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Eliyan raises $145 million at $1 billion valuation to ease AI chip data bottlenecks
Reuters7d agoneutral
Eliyan raises $145 million at $1 billion valuation to ease AI chip data bottlenecks

Eliyan, a startup that aims to ease the bottlenecks in transferring data between AI chips in data centers, ‌said on Wednesday it had raised $145 million in venture funding at a $1 billion ‌valuation. Cisco Systems, Lumentum and an early investor in networking pioneer Mellanox before its sale to Nvidia backed the raising, ​according to Santa Clara, California-based Eliyan. The startup is developing technology aimed at the growing list of companies that are developing their own custom AI computing chips to compete with graphics processing units from Nvidia and Advanced Micro Devices.

Value Investing’s Comeback Is Just a Quirk (for Now)
The Wall Street Journal29d agoneutral
Value Investing’s Comeback Is Just a Quirk (for Now)

MARKETS AM NEWSLETTER Blowout results from Korean chip maker Samsung fell flat as investors got cold feet about sky-high prices for memory stocks. Tech stocks look set to open lower on the very day that SpaceX will appear in the most popular vehicle U.

Dow Hits Record as Tech Starts Week Strong
The Wall Street Journal36d agoneutral
Dow Hits Record as Tech Starts Week Strong

The Dow Jones Industrial Average topped 52000 for the first time on Monday, highlighting investors’ increasing demand for stocks at the heart of the American economy. One major contributor was Alphabet which rose 4.8% to lead gains on the Google-parent’s first day as one of the blue-chip index’s 30 components.

US Supreme Court ends suit alleging Cisco helped China pursue Falun Gong
Reuters42d agoneutral
US Supreme Court ends suit alleging Cisco helped China pursue Falun Gong

WASHINGTON, June 23 (Reuters) - The U. Supreme Court further limited the reach of a federal law used to hold corporations liable for human rights abuses committed abroad, as it issued a ruling on Tuesday ending a lawsuit by members of the Falun Gong movement accusing Cisco ‌Systems of facilitating religious persecution in China.

Nvidia's $6.9 billion side bet just paid off in a big way
TheStreet46d agoneutral
Nvidia's $6.9 billion side bet just paid off in a big way

Back in 2020, Nvidia dropped $6.9 billion on a company most people had never heard of, Mellanox, an Israeli outfit that made networking switches and adapters. At the time, it barely registered. Jensen Huang was buying GPUs, building the chip story, and a networking company felt like a rounding ...

A new technology is learning how to move money
TheStreet49d agoneutral
A new technology is learning how to move money

For the past two years, the story of AI on Wall Street has mostly been about speed. Faster research, faster summaries, faster answers to questions an analyst would otherwise spend an afternoon on. That story is now changing shape. The systems now being built are not just answering questions about ...

Cramer flags 2 major winners from AI 'game changer' Mythos
TheStreet61d agoneutral
Cramer flags 2 major winners from AI 'game changer' Mythos

If you've spent any time around cybersecurity professionals, you've heard some version of this warning: it's not a matter of if, but when. For years, that felt like industry boilerplate. Then Anthropic's Mythos arrived, and suddenly the urgency feels different. On June 3, CNBC's Jim Cramer posted ...

Broadcom stock sinks. Are AI earnings expectations 'insatiable'?
Yahoo Finance Video62d agoneutralVIDEO
Broadcom stock sinks. Are AI earnings expectations 'insatiable'?

Broadcom (AVGO) stock sinks further in Thursday trading despite topping estimates for fiscal second quarter earnings and revenue, while also outpacing forecasts on third quarter guidance. Northwestern Mutual Wealth Management Company CIO Brent Schutte joins Yahoo Finance Senior Reporters Ines Ferré and Brooke DiPalma in assessing Broadcom's post-earnings stock reaction compared to other AI players.

RKLB- A Better Way to Play the SpaceX IPO
MoneyShow75d agoneutral
RKLB- A Better Way to Play the SpaceX IPO

The global space economy is already worth more than $600 billion. While SpaceX may win the headlines, the better returns could come from the companies building the ecosystem around it, like Rocket Lab Corp. (RKLB), writes Nicholas Vardy, editor of Microcap Moonshots.

Cisco stock flashes rare technical signal
TheStreet76d agoneutral
Cisco stock flashes rare technical signal

Back in 2025, when Cisco Systems (CSCO) was trading around $66, key support, recommending it felt like a contrarian bet. The stock had spent years in the slow lane - a legacy networking name that the market had largely written off while flashier AI plays grabbed the headlines. Fast forward to now, ...

HSBC nearly doubles Cisco stock price target for 2026
TheStreet77d agoneutral
HSBC nearly doubles Cisco stock price target for 2026

Cisco Systems (CSCO) just got the kind of analyst note that doesn't often appear on a dividend-paying megacap. On the evening of Thursday, May 14, HSBC analyst Stephen Bersey upgraded Cisco to Buy from Hold and raised his price target to $137 from $77, according to a note carried by Investing.com ...

Bloomberg78d agoneutral
Cisco Shares Dip After Company Discusses Margin ‘Headwind’

(Bloomberg) -- Cisco Systems Inc. shares slipped after Chief Financial Officer Mark Patterson warned that the company would see “ups and downs” with its gross profit margin as it pushes further into AI infrastructure. Most Read from BloombergUS Lawmakers Plan New $130 Fee for Electric Vehicle OwnersBillionaire Rinehart Bets $100 Million on US Defense StocksTrump Says Holding Off on New Iran Strikes After Gulf AppealElon Musk Loses Case Against Sam Altman Over OpenAI’s OverhaulStocks and Oil Whip