AMD says it will sell $4 billion in AI chips this year; stock drops on in line forecast
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AMD Unveils Latest AI Chips, Accelerated Chip Update Timeline
Advanced Micro Devices introduced its latest artificial intelligence chips and laid out plans to roll out new products every year in a bid to challenge Nvidia’s dominance in the AI boom.The Wall Street Journal - Tech -
AMD announces new AI chips amid intensifying competition with Nvidia, Intel
AMD on Monday announced new artificial intelligence chips as it seeks to establish itself as a leader amid competition with the likes of Nvidia and Intel.CNBC - Business -
AMD unveils CPU, NPU and GPU strategy for AI data centers
Advanced Micro Devices CEO Lisa Su talked about her company’s chip architecture strategy for AI data centers and AI PCs at the Computex trade show in Taiwan. She spelled out AMD’s plans for its central processing unit (CPU), neural processing unit ...VentureBeat - Tech -
Bill Ackman’s Pershing Square sells 10% stake for $1.05 billion to investors
The hedge fund has struck a deal to sell a 10% stake in itself to an consortium of investors following reports it is preparing for a public floatMarketWatch - Business -
Why Saudi Aramco Stock Is a Tough Sell on Wall Street
The world’s biggest oil producer is trying to tempt global investors with a $12 billion share sale, but the price looks expensive.The Wall Street Journal - World -
An official court ruling draws the line on AI use in journalism, but is it enough?
While AI can enhance research, analysis and storytelling, it should never be used to create or misrepresent facts.The Hill - Politics -
Brazil already exceeds worst-case forecast for dengue cases this year
Experts warn that epidemics of the mosquito-born virus will become more common as a result of climate changeFinancial Times - World - Brazil -
The U.S. Gave Chip Makers Billions. Now Comes the Hard Part.
The Chips Act is supposed to supercharge U.S. chip making, but the program’s early stages have been challenged by rivals overseas as well as the sheer expense of manufacturing chips.The Wall Street Journal - Tech -
Nvidia dominates the AI chip market, but there's more competition than ever
Companies are fighting for a piece of the AI chip market, which could reach $400 billion in annual revenue within five years.CNBC - Business -
Nvidia unveils next generation of AI chips in bid to entrench market lead
Silicon Valley chipmaker seeks to accelerate pace of development with new ‘Rubin’ processorsFinancial Times - Business -
STMicroelectronics is planning a new chip-manufacturing plant in Italy for an investment equivalent to about $5.42 billion that will come with some state support.
STMicroelectronics is planning a new chip-manufacturing plant in Italy for an investment equivalent to about $5.42 billion that will come with some state support.The Wall Street Journal - World -
New York Stock Exchange investigating 'technical issue' that showed Berkshire Hathaway share price dropping 99%
The New York Stock Exchange said Monday it was investigating a "technical issue" that was leading to large fluctuations in the prices of certain stocks including Warren Buffett's Berkshire Hathaway.NBC News - Top stories - New York -
'Worldschooling' their 4-year-old child, this family has traveled to 23 countries so far this year
Carol Tan and Rakcent Wong are worldschooling their 4-year-old son, Atlas. Since January 2024, the family has traveled to 23 countries and counting.CNBC - Business -
Nvidia announces new AI chips months after latest launch as market competition heats up
Nvidia CEO Jensen Huang announced the new AI chip architecture, dubbed "Rubin," ahead of the COMPUTEX tech conference in Taipei.CNBC - Business -
Nvidia speeds up its AI-chip roadmap, next-generation Rubin platform coming in 2026
Nvidia Corp. plans to roll out a new family of AI chips every year, Chief Executive Jensen Huang said Sunday.MarketWatch - Business -
Nvidia’s stock is responsible for a third of the S&P 500’s gains this year
Alphabet, Microsoft, Meta, Amazon together account for another quarter, according to UBS.MarketWatch - Business -
Vikings reach agreement with Jefferson on 4-year extension to give him NFL's richest non-QB contract
The Minnesota Vikings and wide receiver Justin Jefferson agreed to a four-year extension that's reportedly the richest contract in the NFL for a non-quarterbackABC News - Sports - NFL -
Hertz’s stock sinks as CFO and COO to leave after less than a year in the roles
Hertz’s stock slid further into record-low territory Monday, after the car-rental company said its chief financial officer was leaving the company, less than a year after taking the job.MarketWatch - Business -
The Global Chip Battle, in Charts
Countries and companies are fighting for dominance in semiconductors, an industry projected to surpass $1 trillion by the end of the decade.The Wall Street Journal - Tech -
The S&P 500 can hit 6,500 next year if these two factors work together, says this economist
IF AI works with Treasurys then the bull market can pick up steam in the next year and a halfMarketWatch - Business -
Coveted Jordan Logoman card sells for $2.92M
A 2003-04 Upper Deck Ultimate Collection autographed Michael Jordan Logoman was auctioned off for $2.928 million -- the most ever paid for a Jordan card.ESPN - Sports -
How Israel Avoided Biden's Red Line
The original plan for a two-division sweep through Rafah was retooled to address U.S. concerns.The Wall Street Journal - World - Joe Biden -
Exit polls forecast decisive majority for Narendra Modi in India’s election
BJP leader set to enter second decade in power when results announced on June 4Financial Times - Business -
Indian markets hit record highs as exit polls forecast Modi victory
Nifty 50 stock index jumps and rupee strengthens against dollarFinancial Times - Business -
Mexican Peso Loses Ground As Ruling Party Sweeps Election
Mexico’s peso fell sharply after the ruling Morena party won the presidential election and was on track to secure the congressional supermajority needed to make constitutional changes.The Wall Street Journal - World -
Are European stocks doomed to underperform?
European stocks could rally over the next few years when the current “U.S. equity mania” ends, analysts say.MarketWatch - Business -
Instagram’s Unskippable Ads, Nvidia’s Unbeatable Chip and More
Inc.'s daily news digest for small businesses and entrepreneurs.Inc. - Business -
Anglo chief admits selling De Beers is biggest challenge
Miner has pledged to dispose of or list world’s biggest diamond business even as market remains weakFinancial Times - Business -
Bill Ackman sells 10% stake in Pershing Square for $1.05bn
Sale to a group of family offices and investment firms comes as the hedge fund plots IPOFinancial Times - Business -
Mexicans vote in historic election as lines stretch around consulates in US
Thousands of Mexican citizens living in the U.S. lined up to vote at the country’s consulates on Sunday, participating in a historic vote that is likely to elect the country’s first female president. Voters began lining up outside the Mexican ...The Hill - Politics -
Iran's hard-line parliament speaker Mohammad Qalibaf registers as a presidential candidate
Iran’s hard-line parliament speaker, Mohammad Bagher Qalibaf, has registered for the country’s June 28 presidential electionABC News - World - Iran -
These US cities are due for a housing price drop, real estate analysts find
Ultra-high housing prices may soon take a dip – at least in a handful of U.S. cities.The Hill - Politics -
Prosecutor Drops Murder Charges Against Minnesota Trooper Amid Pushback
The prosecution of Ryan Londregan, a white Minnesota state trooper who fatally shot a Black motorist last year, sparked rare bipartisan outrage.The New York Times - Top stories -
GenScript Biotech Shares Drop After U.S. Lawmakers Scrutinize Chinese Ties
Shares of GenScript Biotech plunged in Hong Kong amid concerns that the company could face U.S. scrutiny due to alleged ties with the Chinese government.The Wall Street Journal - World -
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‘The manufacturing side of the economy appears to have stalled’ — ISM falls to 3-month low
A key barometer of U.S. factories fell to a three-month as new orders waned, the cost of raw materials rose and businesses were reluctant to invest due to high borrowing costs.MarketWatch - Business -
A juggernaut of the stock market's growth has hit a wall — buy these stocks instead
A group of tech companies that led the market is suddenly an anchor, forcing us to look elsewhere for opportunities.CNBC - Business -
Waste Management to acquire Stericycle in $7.2 billion deal
The companies said the deal is expected to close as early as the fourth quarter of 2024.CNBC - Business -
Waste Management to Buy Stericycle for $5.8 Billion
The deal values the medical-waste-disposal company at $62 a share.The Wall Street Journal - World -
Home equity loan interest rate forecast for summer 2024: Everything experts predict
Home equity loan rates could change this summer, according to experts, but it depends on a few different factors.CBS News - Top stories