AI demand
3 stories related to this topic, newest first.
Wikimedia Commons (Public domain)Google, Microsoft and Amazon Report Stronger-Than-Expected First-Quarter Cloud Growth
Google, Microsoft and Amazon all exceeded analyst estimates for first-quarter cloud revenue, driven by surging demand for AI services. Google posted its fastest growth on record at 63%, while Amazon and Microsoft also showed robust expansions. The results highlight accelerating A…
techcentral.co.zaIntel Shares Jump 23% After Earnings Report, Boosting Semiconductor Stocks
Intel's shares surged 23% following its latest earnings report, pushing the company's market value above $400 billion for the first time since 2000. The rally lifted other semiconductor stocks, including Advanced Micro Devices, amid rising options activity. The VanEck Semiconduct…
koreatimes.co.krSK Hynix Reports Record Q1 Profit Amid Surging AI Memory Demand
South Korean chipmaker SK Hynix achieved record first-quarter profit and revenue driven by strong demand for high-bandwidth memory chips used in AI applications. While earnings met estimates, revenue slightly missed forecasts. The company highlighted persistent AI infrastructure…