AMD stock jumps more than 9% on strong 2024 AI chip projections

[ad_1] Lisa Su, president and CEO of Advanced Micro Devices, speaks during a launch event in San Francisco on Aug. 7, 2019. David Paul Morris | Bloomberg | Getty Images…

CNBC Daily Open: Oil deals and awaiting tech earnings

[ad_1] Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City.  Michael M. Santiago | Getty Images This report is from…

Intel stock drops on report Nvidia is working on an Arm-based PC chip

[ad_1] An exterior view of the NVIDIA headquarters in Santa Clara, California, May 30, 2023. Justin Sullivan | Getty Images Intel stock dropped more than 3% during trading on Monday…

TSMC beats revenue and profit expectations for third quarter

[ad_1] A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Taiwan Semiconductor Manufacturing Company reported a third-quarter profit of…

Asia fintech MoneyHero slides on first day of trading after merger with Peter Thiel-backed SPAC

[ad_1] Bymuratdeniz | E+ | Getty Images Asian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following the completion of its merger with special purpose…

How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry

[ad_1] In its short 14-year history, GlobalFoundries has risen to become the world’s third-largest chip foundry. Based in upstate New York, GlobalFoundries isn’t a household name because it’s manufacturing semiconductors…

AI chip firm Kneron raises $49 million as it looks to rival Nvidia, with Foxconn among backers

[ad_1] Albert Liu, founder and CEO of Kneron. Harry Murphy | Sportsfile | Getty Images Kneron, a U.S.-based semiconductor startup, said on Tuesday it raised a fresh round of funding…

CNBC Daily Open: Dispelling the AI hallucination

[ad_1] Signage for Nvidia Corp. during the Taipei Computex expo in Taipei, Taiwan, on Tuesday, May 30, 2023. Hwa Cheng | Bloomberg | Getty Images This report is from today’s…

Wall Street’s ‘meh’ response to tech IPOs shows Silicon Valley’s valuation problem

[ad_1] Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023. Courtesy: Nasdaq After a 21-month tech IPO freeze, the market has cracked opened in the past week. But…

Klaviyo jumps 23% in NYSE debut after software vendor priced IPO at $30

[ad_1] The New York Stock Exchange welcomes executives and guests of Klaviyo, Inc. (NYSE: KVYO), on Weds, September 20, 2023, to celebrate its initial public offering. To honor the occasion,…