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CORZ

Core Scientific will provide 200 MW of infrastructure for CoreWeave's high-performance computing, transforming and expanding its hosting business and earnings potential while maintaining Bitcoin mining capacity. Long-term hosting agreements are expected to generate over $3.5 billion in revenue during the initial 12-year contract terms, positioning Core Scientific as a leading player in the AI data center space.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:08 am

NXPI

NXP Semiconductors (NASDAQ:NXPI) has announced a collaboration with ZF Friedrichshafen AG to develop next-generation SiC-based traction inverter solutions for electric vehicles. This partnership aims to enhance EV performance, extend range, and reduce costs for OEMs.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:06 am

AMD

INTC

MSFT

NVDA

Intel announced new Lunar Lake chips with enhanced AI processors aimed at Copilot+ AI PCs and data center chips to compete with AMD. The Lunar Lake series will offer significant improvements in power efficiency and processing power, and is expected to power thin and light laptops by the 2024 holiday season. Intel also introduced new server and AI chips to challenge AMD and Nvidia, with competitive pricing strategies.

Portfolio Pulse from Rounak Jain

June 04, 2024 | 6:29 am

INTC

Intel has launched new AI-focused products at Computex 2024, including the Xeon 6 processors, Gaudi AI accelerators, and Lunar Lake architecture. These innovations promise significant performance and efficiency improvements for data centers and AI applications.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:20 am

INTC

SMCI

Supermicro has introduced its new X14 AI and multi-node servers, which utilize Intel Xeon 6's E-Cores and future P-Cores. These servers are designed for high performance in cloud-native, storage-optimized, and scale-out workloads, and include both air and liquid-cooled systems for AI and HPC environments.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:13 am

INTC

SNX

Hyve Solutions, a subsidiary of TD SYNNEX, has integrated Intel Xeon 6 processors into its systems, enhancing AI and cloud technology performance.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:07 am

IBM

Rapidus and IBM have entered into a joint development partnership to work on chiplet packaging technology for 2nm-generation semiconductors. This collaboration is part of a larger international project led by Japan's NEDO and builds on an existing agreement between IBM and Rapidus for 2nm node technology development. Engineers from both companies will collaborate at IBM's North American facilities for R&D and manufacturing.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 6:03 am

IPHA

Innate Pharma announced positive results from its Phase 2 TELLOMAK study, showing that lacutamab is effective in treating mycosis fungoides in heavily pretreated patients. The treatment was well-tolerated, and a virtual KOL event is scheduled for June 11, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:51 am

META

TSLA

Meta's AI Chief Yann LeCun refutes accusations of using misinformation as a business model and expresses disagreement with Elon Musk on various issues. LeCun defends Meta's practices and criticizes Musk's approach to AI and his public comments.

Portfolio Pulse from Ananya Gairola

June 04, 2024 | 5:38 am

GELYY

STM

Geely Auto and STMicroelectronics have signed a long-term partnership to enhance the efficiency of Geely's battery electric vehicles using ST's third-generation SiC MOSFETs. An Innovation Joint Lab will be established to support the development of smart, electrified, and connected cars.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 5:30 am