Cerebras stock jumps as Europe AI expansion fuels OpenAI infrastructure
Cerebras Systems CBRS shares rose 11% on Thursday after the artificial intelligence infrastructure company unveiled plans for a major expansion across Europe. The initiative includes new AI data centres that will partially support OpenAI workloads under the companies' existing partnership. The company
Nvidia stock continues to struggle even as AI peers soar: buy, sell, or hold?
Nvidia stock (NVDA) slipped on Thursday, giving back some of the previous session's gains even as semiconductor stocks broadly rallied, underscoring investors' continued preference for other parts of the artificial intelligence supply chain. Shares were down 1.1% at $201.76 in midday
Applied Materials stock jumps as Meta AI chip plan lifts semiconductor names
Applied Materials Inc. shares AMAT climbed nearly 7% on Thursday as semiconductor stocks rallied after reports that Meta Platforms plans to begin manufacturing its in-house artificial intelligence chip in September, boosting optimism around demand for wafer fabrication equipment and AI
Why this biotech stock more than tripled on Thursday
Virax Biolabs (VRAX) shares exploded higher on Thursday morning after management announced a lucrative cross-border commercial breakthrough. In a press release dated July 9th, the company said its UK subsidiary signed an “exclusive” multi-country commercial supply agreement with Fosun Diagnostics, a
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Micron, SanDisk recover after Samsung-led selloff; fresh catalysts add to sentiment
Memory chip and storage stocks staged a strong recovery on Thursday, with investors rushing back into the sector after a sharp selloff triggered by Samsung Electronics' quarterly earnings earlier this week. Micron Technology climbed more than 7%, while SanDisk SNDK gained
Meta stock rises as AI chip plans and Muse Spark 1.1 rollout take focus
Meta Platforms Inc. (META) shares traded higher on Thursday, reversing early losses as investors assessed the company's latest artificial intelligence initiatives. This includes plans to begin manufacturing an in-house AI chip and the public preview of its upgraded Muse Spark