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Chinese memory chipmaker ChangXin Memory Technologies (CXMT) surged 466 percent on its Shanghai Stock Exchange debut, hitting a $484 billion valuation and becoming the most valuable company on that exchange.
OpenAI has agreed to spend more than $20 billion on chips from Cerebras Systems and will receive an equity stake in the company, The Information reports. The deal is one of the largest chip procurement commitments in AI and signals a diversification away from Nvidia dependence. Terms on deployment timeline were not
Nvidia shares hit $200.40, logging an 11th straight session of gains and reclaiming the $200 level for the first time in five months. The move puts the stock 5.5% below its record high, driven by persistent AI hardware demand and investor optimism ahead of Big Tech earnings.
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Chinese memory chipmaker ChangXin Memory Technologies (CXMT) surged 466 percent on its Shanghai Stock Exchange debut, hitting a $484 billion valuation and becoming the most valuable company on that exchange.
1mo ago · 3 min · Markets
OpenAI has agreed to spend more than $20 billion on chips from Cerebras Systems and will receive an equity stake in the company, The Information reports. The deal is one of the largest chip procurement commitments in AI and signals a diversification away from Nvidia dependence. Terms on deployment timeline were not
4mo ago · 1 min · Technology
Nvidia shares hit $200.40, logging an 11th straight session of gains and reclaiming the $200 level for the first time in five months. The move puts the stock 5.5% below its record high, driven by persistent AI hardware demand and investor optimism ahead of Big Tech earnings.
4mo ago · 1 min · Markets
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