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Cerebras Systems Closes First Day of Nasdaq Trading With $95 Billion Market Valuecnbc.com
technology20 days ago

Cerebras Systems Closes First Day of Nasdaq Trading With $95 Billion Market Value

Cerebras Systems ended its first day of trading on Wall Street with a market capitalization just below $100 billion after a blockbuster IPO. The AI chipmaker's shares popped 68 percent in its Nasdaq debut before trading lower on Friday. Co-founders Andrew Feldman and Sean Lie bec…

cnbc.com
1 source
Trump Meets Xi in Beijing Accompanied by Nvidia, Tesla and Apple CEOs as US Approves Nvidia H200 Chip Sales to ChinaCnbc
technology21 days ago

Trump Meets Xi in Beijing Accompanied by Nvidia, Tesla and Apple CEOs as US Approves Nvidia H200 Chip Sales to China

President Donald Trump traveled with Nvidia CEO Jensen Huang, Tesla CEO Elon Musk, Apple CEO Tim Cook and other executives on a 20-hour flight from Alaska to China. Chinese President Xi Jinping told the delegation that China would open up to U.S. businesses. The trip comes amid a…

Cnbc
1 source
Samsung Electronics Reports Record Q1 Profit on AI Chip DemandSubstrate placeholder — needs review
world21 days ago

Samsung Electronics Reports Record Q1 Profit on AI Chip Demand

Jun Young-hyun, who heads the semiconductor division, warned executives against complacency during a management briefing, calling the current chip upcycle the last golden opportunity to restore competitiveness. The world's largest memory chipmaker posted a net profit of 47.22 tri…

Yonhap
1 source
Montage Surpasses CATL in Hong Kong-to-Mainland Share Price Premiumshortoftheweek.com
finance29 days ago

Montage Surpasses CATL in Hong Kong-to-Mainland Share Price Premium

Montage has overtaken CATL as the most expensive dual-listed stock in Hong Kong relative to its mainland shares. Surging demand for AI chips propelled the shift. Both companies maintain dual listings in Hong Kong and mainland China.

Bloomberg
1 source
SpaceX and Tesla Plan $55 Billion Semiconductor Plant in Grimes County, Texastheverge.com
world30 days ago

SpaceX and Tesla Plan $55 Billion Semiconductor Plant in Grimes County, Texas

SpaceX filed plans to build a multi-phase semiconductor plant called Terafab in Grimes County, Texas, with an initial $55 billion investment that could reach $119 billion. Tesla and SpaceX will jointly operate the facility, which targets AI chips for Tesla robotaxis and Optimus r…

Usa Today
SA
Business Insider
3 sources
Nvidia's Market Share in China Falls to Zero Amid U.S. Export Restrictionsecns.cn
finance31 days ago

Nvidia's Market Share in China Falls to Zero Amid U.S. Export Restrictions

Nvidia CEO Jensen Huang stated that the company's market share in China has dropped to zero due to ongoing U.S. export restrictions. The company reported $19.67 billion in revenue from China for fiscal year 2026 but anticipates none in the first quarter of fiscal 2027. President…

YA
1 source
Nvidia Servers in China Reach Nearly $1 Million Amid US Chip Export RestrictionsSemafor
world36 days ago

Nvidia Servers in China Reach Nearly $1 Million Amid US Chip Export Restrictions

Prices for some Nvidia servers in China have doubled to nearly $1 million due to a crackdown on chip smuggling that has dried up black market supplies. This surge reflects soaring demand for top semiconductors like the B300 amid U.S. restrictions on shipments. Chinese tech firms…

Semafor
1 source
Tesla Advances Project Terafab with Intel's 14A Process for AI Chipsibtimes.co.uk
world42 days ago

Tesla Advances Project Terafab with Intel's 14A Process for AI Chips

Tesla is developing its own AI chips through Project Terafab, utilizing Intel's 14A manufacturing process. This move aims to reduce dependency on external suppliers for silicon used in self-driving technology and data centers. The initiative was reported based on information from…

MA
theregister.com
thehindubusinessline.com
io9.gizmodo.com
4 sources
SK Hynix Reports Record Q1 Profit Amid Surging AI Chip DemandSubstrate placeholder — needs review
technology43 days ago

SK Hynix Reports Record Q1 Profit Amid Surging AI Chip Demand

SK Hynix announced record first-quarter revenue and profit, driven by rising memory prices and strong demand for AI-related chips. The company highlighted capacity constraints and plans for future HBM advancements. Competitors like Samsung Electronics also saw share gains amid th…

cnbc.com
Reuters
2 sources
Google Cloud Announces Eighth-Generation TPUs Split into Training and Inference ChipsSubstrate placeholder — needs review
ai43 days ago

Google Cloud Announces Eighth-Generation TPUs Split into Training and Inference Chips

Google Cloud unveiled its latest tensor processing units, divided into models for AI training and inference, with significant performance gains. The company also committed to offering Nvidia's Vera Rubin chip later in 2026 and is collaborating on networking technology. TechCrunch…

TE
1 source
Google Cloud Launches Eighth-Generation TPUs Split into Training and Inference Chipstechjuice.pk
technology43 days ago

Google Cloud Launches Eighth-Generation TPUs Split into Training and Inference Chips

Google Cloud announced its eighth generation of tensor processing units, divided into TPU 8t for model training and TPU 8i for inference. The new chips offer significant performance improvements, including up to 3x faster training and 80% better performance per dollar. The compan…

TE
1 source
Tesla Reports Strong Q1 2026 Earnings as Google Unveils New AI Chipsinvestopedia.com
finance43 days ago

Tesla Reports Strong Q1 2026 Earnings as Google Unveils New AI Chips

Tesla beat expectations on Q1 2026 revenue, earnings, and subscriptions, driving a 5% stock surge. Google introduced specialized chips for AI training and inference. Other developments include IBM and Kinder Morgan earnings, a fatal shooting at Mexico's Teotihuacán pyramids, and…

CNBC
UN
FI
LI
FI
+91
96 sources
Nvidia CEO Jensen Huang Discusses Selling AI Chips to China in Podcast Interviewpandaily.com
world45 days ago

Nvidia CEO Jensen Huang Discusses Selling AI Chips to China in Podcast Interview

Nvidia CEO Jensen Huang addressed concerns about selling AI chips to China during a podcast interview with Dwarkesh Patel. Huang argued that restricting sales would not halt China's AI development and could harm the U.S. tech ecosystem. He emphasized the importance of innovation…

ZE
1 source
U.S. Pre-Market Declines Led by Tech and Small Caps on April 20, 2026Substrate placeholder — needs review
finance46 days ago

U.S. Pre-Market Declines Led by Tech and Small Caps on April 20, 2026

U.S. stock futures fell in pre-market trading on April 20, 2026, with the Nasdaq and Russell 2000 showing notable declines. Marvell shares rose on reports of talks with Google for new AI chips, while other companies like NXST and ASTS saw significant drops amid merger rulings and…

NE
Cnbc
seekingalpha.com
3 sources