#broadcom-competition

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#nvidia-investment-strategy #openai-partnership-reversal #ai-funding-concerns #circular-funding-criticism
Tech industry
from24/7 Wall St.
1 day ago

NVIDIA Live Thursday Updates: Jensen Huang May End $100B OpenAI Investment

NVIDIA CEO Jensen Huang stated the company will likely not proceed with a $100 billion OpenAI investment and plans to reduce future investments in AI frontier model companies.
from24/7 Wall St.
4 months ago

Intel to Take on Broadcom: 3 Reasons the Stock is Surging 8% After Q3 Earnings

Intel ( Nasdaq: INTC) reported Q3 earnings and the stock is up 8% after-hours. While most articles will focus on the company posting adjusted EPS of $.23 (which soundly beat Wall Street estimates of a $.01 profit), the reality is this quarter was filled with fascinating storylines. On Intel's conference call, CEO Lip-Bu Tan briefly mentioned the company's new division focused on competing with Broadcom ( Nasdaq: AVGO) for the red-hot custom chip business.
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