Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’

Nvidia calls China’s DeepSeek R1 model ‘an excellent AI advancement’

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during a news conference in Taipei, Taiwan, on Tuesday, June 4, 2024. Nvidia is still working on the certification process for Samsung Electronics Co.’s high-bandwidth memory chips, a final required step before the Korean company can begin supplying a component essential to training AI platforms.  Annabelle…

Read More
Amazon, Broadcom are buys on DeepSeek sell-off, Hightower’s Stephanie Link says

Amazon, Broadcom are buys on DeepSeek sell-off, Hightower’s Stephanie Link says

The DeepSeek sell-off could soon mean a buying opportunity in Amazon and Broadcom , according to Hightower’s Stephanie Link. Stock futures are tumbling Monday after Chinese startup DeepSeek debuted a potentially competitive artificial intelligence model at a lower cost than OpenAI, spurring investor fears of an impending burst in the AI bubble. The S &…

Read More
Nvidia falls 11% in premarket trading as China’s DeepSeek triggers tech sell-off

Nvidia falls 11% in premarket trading as China’s DeepSeek triggers tech sell-off

U.S. technology firms plunged in Monday premarket trading, part of a global sell-off as Chinese startup DeepSeek sparked concerns over competitiveness in artificial intelligence and America’s leadership in the sector. Shares of chip designer Nvidia, a major beneficiary of the AI hype, slid more than 11% ahead of the market open. This rout extended to…

Read More
Trump tariffs could raise prices on laptops, smartphones and AI

Trump tariffs could raise prices on laptops, smartphones and AI

Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024.  Mauricio Palos | Bloomberg | Getty Images The world’s most valuable chipmaker and the world’s largest contract manufacturer for electronics announced in November that Foxconn was building a massive factory in Guadalajara, Mexico, to assemble…

Read More
Take-Two Interactive gets an upgrade from UBS as ‘Grand Theft Auto VI’ hype builds

Take-Two Interactive gets an upgrade from UBS as ‘Grand Theft Auto VI’ hype builds

Take-Two Interactive Software has “a grand pipeline” ahead thanks to its upcoming release of “Grand Theft Auto VI” video game, according to UBS. Analyst Christopher Schoell upgraded the stock to buy from neutral. He also increased his price target to $230 from $170, indicating 25% upside from Friday’s close. The rising demand for “Grand Theft…

Read More
Colombia turns away military deportation flights from U.S., officials say

Colombia turns away military deportation flights from U.S., officials say

Colombian President Gustavo Petro speaking during a press conference in Bogota, Colombia, on February 8, 2024, after a meeting with the United Nations Security Council. Nurphoto | Nurphoto | Getty Images Colombia has denied entry to two U.S. military deportation flights, according to officials from the Department of Homeland Security and the Defense Department. The…

Read More
Back To Top