Tag: Capital Expenditure
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Nvidia estimates ‘may prove conservative’ as Microsoft, Google mentions of AI more than double
[ad_1] Microsoft Corp. and Alphabet Inc. mentioned “AI” so many times on their earnings conference calls that one bullish Nvidia Corp. analyst is beginning to think his above-consensus estimates may be too conservative. Jefferies analyst Mark Lipacis, who has a buy rating on Nvidia NVDA, -0.79%, noted that mentions of artificial intelligence on both Microsoft’s…
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AMD, Nvidia face ‘tight’ budgets from cloud-service providers even as AI grows
[ad_1] With Advanced Micro Devices Inc. making its big push into the AI data-center market at its event in San Francisco this week, following Nvidia Corp.’s similar event in late March, one analyst sees both companies launching into a tighter-than-expected market. The growth of artificial-intelligence products, which rely on massive data centers run by cloud-service…
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Cathie Wood fund makes its first purchase of Taiwan Semiconductor
[ad_1] Cathie Wood may have sold most of her firm’s stake in Nvidia right before it benefited from artificial intelligence demand, but now she is investing in a company benefiting from the AI push. ARK Autonomous Technology & Robotics ETF ARKQ, +1.94% purchased roughly $10 million shares of Taiwan Semiconductor Manufacturing Co. TSM, +4.14% on…
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TSMC stock gains as forecast update comes in ‘better than feared’
[ad_1] Taiwan Semiconductor Manufacturing Co.’s chairman reportedly updated its capital spending forecast Tuesday, and shares gained as the chip fabricator stuck to its capital spending forecast even as smartphone demand dries up. Bloomberg News reported Tuesday that TSMC TSM, +1.73% Chairman Mark Liu told reporters after the third-party fab’s annual shareholder meeting that he expects…
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Amazon’s cloud business to invest more than $12 billion in India by 2030
[ad_1] Amazon.com’s cloud-computing business plans to spend 1.056 trillion Indian rupees (US$12.81 billion) to expand its data-center infrastructure in India by 2030, part of long-term efforts to boost the global reach of its cloud services. Amazon Web Services, the Seattle-based tech giant’s AMZN, +1.85% cloud-computing arm, said Thursday that the move would support about 131,700…