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Intel is selling a 51% stake in its Altera programmable chip business to Silver Lake for $4.46 billion, valuing the unit at $8.75 billion—down from the $17 billion paid in 2015. This move aims to enhance liquidity after significant losses, as Altera only contributed 3% to Intel's revenue while incurring a $615 million operating loss in 2024. The divestiture highlights the challenges legacy chipmakers face in adapting to a market increasingly dominated by specialized AI chips.
Indian AI startup Ziroh Labs has launched Kompact AI, a system that enables large AI models to run on standard CPUs, eliminating the need for costly GPUs. Developed in collaboration with IIT Madras, this innovation facilitates AI inference on regular devices, significantly lowering barriers for Indian developers. The initiative aligns with India's push for technological self-reliance and addresses the critical hardware limitations faced in the country's AI landscape.
Bharat Forge has partnered with AMD to develop high-performance servers that are made in India. This collaboration aims to enhance the local technology landscape and support the growing demand for advanced computing solutions in the region.
Huawei chip suppliers are enhancing China's AI capabilities amid U.S. export restrictions. Companies like Tongfu Microelectronics and BOE Technology are developing lower-grade HBM chips and unique chip substrates, respectively, to bolster the domestic tech sector. Despite challenges, including advanced chip access limitations, efforts from firms like ChangXin Memory Technologies signal a push towards self-sufficiency in AI technology.
Project Stargate, an AI infrastructure initiative announced by the Trump administration, aims to invest $500 billion in U.S. infrastructure over the next four years, with Softbank as the lead financial partner and OpenAI as the operational partner. Nvidia, Microsoft, ARM, and Oracle are among the initial technology partners, and UBS suggests that the project will significantly rely on Nvidia's compute and hardware solutions, potentially extending Nvidia's growth beyond 2026. The firm maintains a Buy rating with a $185 price target for Nvidia shares.
UBS has initiated coverage of Semtech Corporation with a "Buy" rating and a price target of $85, highlighting the company's shift towards artificial intelligence networking as a key growth driver. The CopperEdge product has gained traction in Nvidia’s Blackwell platform, with a total addressable market of $100 million, while the FiberEdge product is expected to follow suit. Traditional analog businesses are projected to grow steadily in fiscal 2025 and 2026, as the company focuses more on AI opportunities, which typically command higher earnings multiples.
Nvidia kicked off 2025 at CES with major announcements, including Project DIGITS, a $3,000 personal AI supercomputer capable of running models with up to 405 billion parameters. The company also unveiled the GeForce RTX 5000 Series, featuring significant performance upgrades and new AI-driven graphics capabilities. Additionally, Nvidia introduced Nemotron, a family of AI models with enhanced visual understanding, and partnerships to streamline AI agent development.
AMD's stock price fell 17% in 2024, contrasting sharply with Nvidia's 171% rise, despite AMD's strong earnings and innovation. Analysts cite AMD's lag in AI technology and the shift of major cloud players towards custom chips from competitors like Marvell and Broadcom as key challenges.
Trading activity is subdued ahead of the Christmas holidays, with many market participants taking a break. The Dow is up 13% this year, while the Nasdaq 100 has nearly doubled that gain, despite Walmart shares dropping over 3% due to a lawsuit. Oil prices fell as the dollar strengthened, impacting crude costs.
US stock futures indicate a challenging day ahead as the House voted against a Trump-backed spending bill, raising the likelihood of a government shutdown. Key inflation data is anticipated, with futures for the S&P 500 down 1% and Nasdaq futures plunging 1.6%. Major stocks, including Nvidia and Tesla, faced significant declines amid global market pressures and disappointing earnings reports.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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