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AMD

AMD has announced plans to release its next generation MI350 series AI chips in the second half of 2025. This development is part of AMD's strategy to enhance its AI capabilities and compete in the growing AI market.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:41 pm

AMD

AMD has launched a new AI chip, the MI325X, which is expected to enhance its position in the AI hardware market. This development could influence AMD's stock performance as it competes with other tech giants in AI technology.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:30 pm

AMD

An AMD executive has projected that the data center AI market will grow to $500 billion by 2028. This optimistic outlook suggests significant growth potential for companies involved in AI and data center technologies.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:27 pm

FIVN

Five9 has expanded its global presence by opening new data centers in Delhi and Mumbai and securing a DOT certification for services in India, leading to a rise in its stock price.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:26 pm

AVGO

TSM

Taiwan Semiconductor (TSM) and Broadcom (AVGO) are vying to join the trillion-dollar market cap club, driven by AI advancements. TSM has stronger growth potential with a projected market cap of $1.23 trillion, while Broadcom's upside is limited to $934 billion.

Portfolio Pulse from Surbhi Jain

October 10, 2024 | 4:23 pm

LRNZ

NET

SPRX

Cloudflare has appointed Chirantan 'CJ' Desai as President of Product & Engineering to drive its growth towards $5 billion in annual recurring revenue. The company also acquired Kivera to enhance its cloud security offerings. Cloudflare's stock rose by 9.21% following these announcements.

Portfolio Pulse from Lekha Gupta

October 10, 2024 | 4:21 pm

AMD

INTC

AMD has announced its new chip, Turin, which boasts up to 192 processor cores. The company claims that Turin will outperform even the latest chips from Intel, potentially impacting the competitive landscape in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:19 pm

AMD

AMD has announced its latest server CPU chips built on the Zen 5 architecture, which offer a 37% speed gain for advanced AI data processing. This development is significant for AMD's position in the AI and data center markets.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 4:17 pm

BABA

Alibaba's stock is experiencing volatility, dropping 7% due to unmet expectations for economic stimulus in China. The People's Bank of China introduced measures to boost market liquidity, which may stabilize Alibaba's stock. The company's performance is closely tied to China's economic health.

Portfolio Pulse from Henry Khederian

October 10, 2024 | 4:12 pm

NVDA

QQQ

SPY

TSLA

The article discusses the impact of hotter-than-expected inflation data on the stock market, particularly affecting Nvidia and AI stocks. Despite the negative CPI data, higher jobless claims provide some cushion. Nvidia experiences selling pressure, which extends to other AI stocks. Tesla's stock is also in focus due to its robotaxi day, with potential volatility based on CEO Elon Musk's announcements. Money flows are mixed among major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

October 10, 2024 | 4:12 pm