Tag: Computer Hardware
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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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Elon Musk says Tesla will spend ‘well over’ $1 billion on Dojo supercomputer
[ad_1] Tesla Inc. will spend “well over” $1 billion by the end of 2024 on building an in-house supercomputer known as Project Dojo. In Tesla’s earnings call with analysts late Wednesday, Chief Executive Elon Musk said Dojo would be used to process data and video to improve the EV maker’s autonomous driving capabilities, with the…
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Intel is showing improvements, but AI setup remains a ‘mixed story’: analyst
[ad_1] Intel Corp.’s upcoming earnings report could reflect recent improvements made by the company, but a Susquehanna Financial Group analyst still has questions about the chip company’s artificial-intelligence narrative. Susquehanna’s Christopher Rolland is encouraged by “improving dynamics” in the client and Chromebook markets that could help Intel INTC, +0.83% deliver second-quarter earnings within the top…
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Nvidia is showing shades of Apple and its stock could hit $625, says one new bull
[ad_1] Nvidia Corp. continues to rack up bullish endorsements as analysts contemplate the vast opportunities ahead for the leader in artificial-intelligence chips. Nvidia NVDA, +0.70% “is the obvious flagship AI company, whose decisions over the last two decades have positioned it for long-term benefits,” wrote Melius Research analyst Ben Reitzes, who initiated coverage of the…
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Some lesser-known AI plays are gaining steam with investors
[ad_1] Investors wanting to play the hot trend of artificial intelligence are looking beyond the most obvious names, according to data from Stocktwits, a social platform for investors and traders. While companies like Nvidia Corp. NVDA, -1.10%, Palantir Technologies Inc. PLTR, -2.03% and Microsoft Corp. MSFT, +0.75% have cemented themselves as AI players in the…