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☆ Today's GenAI models are cost and energy pigs. Quantum tech could fix that.
▼ + stars: | 2024-01-19 | by ( Julie Bort | ) www.businessinsider.com time to read: +7 min

Zapata, a startup spun out of Harvard, uses quantum physics math to train GenAI models with less data. AI models must be regularly fed. AI models also require hefty, energy-consuming GPU chips. Since founding that year, Zapata has 18 patents and patents pending on its AI tech, it says. And quantum tech could be among the alternatives.

Persons: Zapata, Andretti, —, Guido Appenzeller, Christopher Savoie, Mario, Michael Andretti's SPAC, it's, GenAI Zapata, OpenAI, hasn't Organizations: Andretti Racing, Service, America, Intel's Data, CNBC, Nvidia, Andretti Global, Andretti, Corp, Zapata, BMW, Computer, Fujitsu, Google, IBM, Meta, Microsoft, Comcast Ventures, Ventures, Bloomberg Locations: Harvard, Zapata, Savoie

☆ Chipmaker Intel soars on signs of PC market recovery
▼ + stars: | 2023-10-27 | by ( Samrhitha A | ) www.reuters.com time to read: +3 min

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Bernstein analyst Stacy Rasgon said Intel's "AI story still seems marginal" and the "datacenter performance continues to suffer from significant headwinds". The company is under heavy pressure in the data center chip market from Nvidia, whose graphic processing units are used for training artificial intelligence models. Sales at Intel's data center business, which also houses its AI chip division, dropped 10%.

Persons: Dado Ruvic, Bernstein, Pat Gelsinger, Taiwan's TSMC, Gelsinger, Logan Purk, Edward Jones, Stacy Rasgon, Gaudi, Samrhitha, Shounak Dasgupta Organizations: REUTERS, Intel, AMD, Nvidia, Reuters, Thomson Locations: chipmaking, Bengaluru

☆ Intel plans to IPO programmable chip unit within three years; stock rises after hours
▼ + stars: | 2023-10-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Intel said it will treat its programmable chip unit as as a standalone business, with an aim to spin it out through an IPO in the next two to three years. Intel's Programmable Solutions Group will have its own balance sheet as it heads toward independence. The move also highlights the strong demand in the semiconductor industry for field programmable gate arrays, or FPGAs. Intel's FPGAs are sold under the Agilex brand. Intel doesn't break out PSG sales yet, but said in July that the unit had three record quarters in a row, offsetting a slump in server chip sales.

Persons: Pat Gelsinger, Sandra Rivera, Patrick Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Programmable Solutions, Center, PSG, Taiwan Semiconductor Manufacturing, Lattice Semiconductor, AMD, Intel's Data Locations: Mobileye

☆ Nvidia earnings scare away AMD, Intel investors as legacy chipmakers lose ground in AI
▼ + stars: | 2023-08-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Developers in the world of artificial intelligence can't get enough of Nvidia's processors. "NVDA Data Center revenues are now expected to be more than double INTC+AMD Data Center revenues combined, underscoring the growing importance of accelerators for today's Data Center customers," Deutsche Bank analyst Ross Seymore wrote in a note on Thursday. Nvidia is now expected to post $12 billion in data center sales in the current quarter, according to FactSet data. AMD and Intel are trying to stay relevant in the AI market, but it's a struggle. Like Intel, AMD faces a timing challenge.

Persons: Nvidia's, Ross Seymore, Pat Gelsinger, it's, Raj Joshi, Morgan Stanley, Joseph Moore, Moore Organizations: Nvidia, AMD, Intel, Meta, Microsoft, today's Data Center, Deutsche Bank, Moody's Investors Services, Marvel Locations: French

☆ 21 stocks small-cap funds are buying the most to bet on explosive earnings growth, according to a fintech company
▼ + stars: | 2023-06-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Below is a list of small-cap stocks most held by funds and compiled by Fintel. One is the US small-cap growth stocks held by funds with mandates to invest in smaller companies that are generally worth between $250 million and $2 billion. But it also saw a 41% increase in the number of shares held by funds, which points to more bullish sentiment. However, it also saw a 14% drop in shares held by the same group, with three funds shedding their holdings. Below is a Fintel list of stocks held by funds with mandates to invest in small-cap companies.

Persons: Wilton Risenhoover, Goldman Sachs, Risenhoover Organizations: SEC, Nasdaq, New York Stock Exchange, Securities and Exchange Commission, Shoals Technologies Group Inc, Halozyme Therapeutics Inc

☆ These two cruise stocks and this chipmaker led the market higher this week
▼ + stars: | 2023-06-16 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Wall Street is rolling into the long weekend with some positive momentum thanks to a group of stocks that caught fire this week. Stocks are poised to finish the busy week , which is filled with consumer price index and producer price index readings as well as the closely watched Federal Reserve policy announcement, higher. Cruise stocks Carnival and Norwegian were, respectively, on pace to be the best and third-best performing stocks. Both rallied this week following upgrades to Carnival shares from JPMorgan Chase and Bank of America. CCL RCL,NCLH YTD mountain The three public cruise lines Chipmaker Intel was also among the best performers this week with a gain of more than 15%.

Persons: Stocks, Andrew Didora, David Zinsner, —, Fred Imbert Organizations: Nasdaq, U.S, CNBC Pro, JPMorgan Chase, Bank of America, Royal, CCL, Intel, Bloomberg, Adobe Locations: Norwegian, Friday's, Royal Caribbean

☆ Wall Street wants to see if AMD can rebound in 2 key businesses. But analysts disagree on how to play the stock
▼ + stars: | 2023-05-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Wall Street is focused on the potential for a bounce back within Advanced Micro Devices ' struggling personal computer and data center businesses. Arya's price target of $95 reflects the potential for an upside of 5.7% over Tuesday's close. Meanwhile, Citi's Christopher Danely said data center growth estimates for the second half seem aggressive. "We believe there could be more downside to AMD's data center business as AMD's data center revenue has only corrected 22% from its peak in 3Q22 while Intel's data center business has corrected 42%." Moore said the data center business was down 22% quarter over quarter, while PCs dropped 18% quarter over quarter and 65% year over year.

☆ AMD shares jump as earnings defy collapse seen at Intel
▼ + stars: | 2023-02-01 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - Shares of Advanced Micro Devices Inc (AMD.O) rose nearly 7% on Wednesday after the U.S. chipmaker's upbeat earnings showed that it was making up for a personal-computer slump with gains in the lucrative data center market. The data center market has slowed in recent months due to lower spending from recession-wary businesses, but AMD's faster and smaller chips have allowed it to gain ground on Intel. "AMD can continue to beat Intel in the data center space due to its leading design," said Lucas Keh, semiconductors analyst at Third Bridge. J.P. Morgan pegged AMD's share gain in the server market this year at 5 to 7 percentage points to between 28% and 30%. "First quarter should be the bottom for us in PCs and then grow from there into the second quarter and then into the second half," Su said.

☆ Why AMD is faring much better than Intel in the same tough economy
▼ + stars: | 2023-01-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

While Intel is expecting declines across the board, AMD's data center business is growing with the introduction of a new chip, and its pandemic-era acquisition of specialty chip-maker Xilinx is also contributing growth. AMD's data center business is growing strongly, however, up 42% on an annual basis to $1.7 billion. AMD released its latest data center chips, the fourth-generation Epyc processors, in November. AMD expects its data center business to grow this year while PC chips and graphics processors for gaming decline. AMD's data center business faces tough macroeconomic conditions too, but on Tuesday, Su signaled to investors that its gains would come at Intel's expense.

☆ US-China Tech War: How Money for Semiconductor Factories Costs Americans
▼ + stars: | 2023-01-19 | by ( Taylor Dorrell | ) www.businessinsider.com time to read: +15 min

If the first Cold War was defined by the development of nuclear weapons, this Tech Cold War is defined by the computer chip. The massive Intel plant in Ohio is a key part of the race with China for the future of tech. Even before the Intel plant, the Columbus area was well acquainted with these sorts of trade-offs. But, the Ohio State study found, Columbus' residential tax-abatement programs did little to meaningfully address the housing problem, while draining the city's funds. Federal, state, and local subsidies add up to billions of dollars that Intel is saving on its new Ohio semiconductor factory.

Cloud services for years has been one of the largest and most dependable sources of growth for some of the biggest tech companies, including during the pandemic as people worked and studied from home. Growth in Amazon Web Services (AWS), the firm's lucrative cloud unit serving enterprises, has ticked down consistently in the past four quarters, adjusted for changes in forex. "The AWS slowdown is a clear sign that businesses are beginning to trim costs, so this will likely put more of a squeeze on Amazon's bottom line in the coming quarters," said Andrew Lipsman, principal analyst at Insider Intelligence. Alphabet's Google Cloud revenue grew 38% in the quarter, beating estimates. Cloud services typically help companies save money so budget cuts in this sector could be especially worrying, indicating that companies think cost is king going into tougher times.

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