Samsung has backed Dutch AI chip startup Euclyd in a 200-million-euro Series A funding round, equivalent to $231 million, according to CNBC reporting. The investment arrives amid a broader market push for hardware alternatives to Nvidia’s dominant graphic processing units as companies race to build customized infrastructure for artificial intelligence workloads. Euclyd Secures $231 Million … Read more
The market sell-off hit Asian markets hard, with SK Hynix closing down more than 6% and Samsung Electronics dropping over 4% in South Korea, while Japan’s SoftBank shares fell 10%. Market Impact and Chipmaker Declines The broader technology sell-off extended quickly to U.S. premarket trading and global infrastructure providers, as reported by financial analysts. Memory … Read more
TikTok will secure 150 megawatts of capacity from a new data center site in Kouvola, Finland, according to an economic analysis published last week and commissioned by TikTok and developer Hyperco. The development forms part of Project Clover, TikTok’s 12 billion euro initiative to enhance European user data security. According to an economic impact report, … Read more
According to the CNBC Investing Club with Jim Cramer, markets moved higher with the S&P 500 up about 0.75% and the Nasdaq gaining roughly 1.5%, driven largely by strong corporate earnings in the technology sector. However, the rally lacked broad-based participation, as technology stood as the only S&P 500 sector in the green while AI … Read more
Meta Platforms shares held onto slight gains following a proposed settlement with 52 state and U.S. territory attorneys general regarding social media addiction cases, according to the CNBC Investing Club with Jim Cramer. On Wednesday, markets remained largely unchanged as participants anticipated major technology earnings, while Treasury yields rose on the heels of a hotter-than-anticipated … Read more
Nvidia has become so critical to the artificial intelligence boom that its quarterly earnings serve as a referendum on the entire tech market, according to CNBC’s Jim Cramer. Speaking on CNBC’s “Mad Money,” Cramer stated that the chipmaker’s financial results will reverberate across the broader infrastructure buildout because the company touches everything from data centers … Read more
Unitree Robotics is set to become the first humanoid robot manufacturer to list on China’s mainland, raising $900 million at a $9 billion valuation. The Hangzhou-based company priced its IPO at 150.8 yuan ($22.4) per share on the Shanghai STAR market. While the firm has seen record retail demand, investors and analysts remain divided on … Read more
The artificial intelligence boom faces an acute structural risk because its financial foundations rely heavily on just two companies, according to former Neuberger Berman senior portfolio manager Steve Eisman. Speaking on CNBC’s “Fast Money,” Eisman warned that the entire capital expenditure cycle in tech is essentially a wager on the uninterrupted success of OpenAI and … Read more
High-bandwidth memory market leader SK Hynix is investing $720 billion to construct the world’s largest network of memory factories in South Korea, driven by surging artificial intelligence demand that has pushed its market capitalization past $1 trillion, according to company disclosures and industry reports. Counterpoint Research data shows SK Hynix controlled 58% of the high-bandwidth … Read more
AI Data Center Trade Reclaims Market Leadership Following Forced Fund Unwind According to CNBC’s Jim Cramer, the artificial intelligence data center trade is reclaiming its central position in the market as underlying fundamentals overcome recent investor pressure. Speaking on “Mad Money,” Cramer stated that market participants betting against data center infrastructure faced heavy losses during … Read more