technology News
Credo Tech Surges on Bullish AI Revenue Forecast
Shares rally as the connectivity chipmaker projects AI-related sales will double in the coming year, overshadowing a solid quarterly earnings beat.
Quantum Computing Stocks Plummet as Investor Patience Wears Thin
Pure-play firms like Rigetti and D-Wave dropped over 30% in November amid weak financials, insider selling, and a broader flight from speculative technology.
Nvidia Shares Climb as CEO Touts 'Skyrocketing' AI Demand
Jensen Huang dismisses AI bubble fears and reframes China market as a 'bonus opportunity,' while a $2B investment in Synopsys bolsters its ecosystem.
Accenture Shares Surge on OpenAI Strategic Partnership
The IT services giant will integrate ChatGPT Enterprise to accelerate AI adoption, signaling a major push into the generative AI consulting market.
Broadcom Gains as BofA Highlights AI Chip Cost Advantage Over Nvidia
Google's custom TPUs, designed with Broadcom, could be up to 40% cheaper to operate for certain AI workloads, according to a BofA Securities note.
Snowflake Stock Climbs on Bullish Analyst Call, New AI Tech
Rosenblatt raises its price target to $275, citing a new 'AI-Driven Migration' tool that could quadruple the speed of cloud adoption for enterprises.
Marvell Surges on Deeper Microsoft Cloud Security Partnership
The chipmaker is expanding its hardware security module integration with Microsoft Azure into the European market, signaling a key win in the hyperscaler ecosystem.
Morgan Stanley Boosts Nvidia Target as Firm Takes $2B Stake in Synopsys
Chipmaker's shares dip slightly despite analyst's bullish AI outlook and a major new investment in chip-design software firm Synopsys.