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Nvidia and other AI stocks are being dragged lower by Microsoft and Meta


Nvidia and other AI stocks are being dragged lower by Microsoft and Meta

Despite robust quarterly earnings, shares of Microsoft (MSFT) and Meta (META) plunged on Thursday as both tech giants signaled significant future AI spending needs and slower growth prospects. Shares of companies that have become leaders in the AI ​​sector fell despite heavy investments in generative AI that had previously fueled investor optimism. The downward pressure […]

The Dow and Nasdaq sink as Microsoft and Meta lead the selloff in tech stocks


The Dow and Nasdaq sink as Microsoft and Meta lead the selloff in tech stocks

In this story The Dow Jones Industrial Average fell more than 400 points Thursday morning, along with sharp declines in the Nasdaq and S&P 500, after Microsoft's weaker-than-expected earnings reports (MSFT-5.59%) and Meta (META-3.99%). super microcomputer (SMCI-13.76%) The stock continued to fall afterwards the resignation of Ernst & Young, the company's auditor, and now it's […]

Buy, sell or hold Super Micro Computer shares?


Buy, sell or hold Super Micro Computer shares?

UKRAINE – October 12, 2023: The logo of Supermicro (Super Micro Computer Inc.) can be seen in this illustration … (+) seen on a smartphone screen. (Photo illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Super Micro Computer (NASDAQ: SMCI) stock has experienced significant volatility this year. Super Micro Computer […]

AMD unveils new AI server chips at an event in San Francisco


AMD unveils new AI server chips at an event in San Francisco

By Max A. Cherney SAN FRANCISCO (Reuters) – Advanced Micro Devices said it plans to begin mass production of a new version of its artificial intelligence chip called MI325X in the fourth quarter of the year, strengthening its AI chips in a market dominated by Nvidia. The announcements, made Thursday at an AMD event in […]