Shares of Intel Corp. soared as much as 8 per cent on Tuesday after a chip-making deal with Amazon’s cloud business was announced. At 1:08 pm EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite to Intel’s investors … Read more
Mr Pichai is not alone. New Street Research, a firm of analysts, estimates that Alphabet, Amazon, Meta and Microsoft will together splurge $104bn on building AI data centres this year. Add in spending by smaller tech firms and other industries and the total AI data-centre binge between 2023 and 2027 could reach $1.4trn. The scale … Read more
Micron Technology shares climbed 4 per cent in morning session on Monday after Morgan Stanley upgraded the memory chipmaker to “equal-weight” from “underweight”. At 12:37 p.m. ED, Micron Technology stock was trading higher 3.25 per cent, or $4.07, at $129.36. Morgan Stanley also raised the price target for Micron shares to $130.00 from a previous … Read more