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News on Medial
ASM Orders Beat Estimates on Artificial Intelligence Boom
Livemint
·
9m ago
Medial
ASM International NV, a Dutch firm specializing in advanced chipmaking tools, reported that its orders in the third quarter exceeded expectations due to increased demand fueled by the artificial intelligence (AI) industry. Orders rose by 30% to €815.3 million ($881 million), surpassing the average analyst estimate of €768 million. ASM's shares rose following the announcement. The company has been benefiting from the growing demand for its "gate-all-around" technology and has experienced increased orders from China. However, ASM expects weaker demand from China in the fourth quarter due to the ongoing pandemic and cyclical downturns in certain industries.
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Nvidia's $25 billion buyback 'a head-scratcher' for some shareholders
Economic Times
·
1y ago
Medial
Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed.
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Taiwan May export orders rise on robust AI demand; geopolitical risks seen
Economic Times
·
1m ago
Medial
Taiwan's export orders increased by 18.5% in May, reaching $57.93 billion, driven by strong demand for technology products, especially in artificial intelligence. This marks the fourth consecutive month of growth. Orders from the U.S. surged by 40.1%. However, geopolitical risks and potential U.S. tariffs pose future challenges. The Ministry of Economic Affairs anticipates June export orders to grow between 16.3% and 20.7%. While electronic and telecom products demand rose, orders from China declined slightly.
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TSMC's first-quarter revenue surges 42%, slightly ahead of forecasts
Economic Times
·
4m ago
Medial
TSMC, the leading contract chipmaker globally, reported a 42% increase in first-quarter revenue, reaching T$839.3 billion ($25.6 billion), slightly surpassing forecasts. This growth results from the artificial intelligence boom, offsetting the decline in pandemic-driven consumer electronics demand. Despite a $161 million loss from a January earthquake in Taiwan, the revenue aligns with TSMC's guidance. The company's shares, although initially impacted by U.S. tariff announcements, rose with a tariff pause, and full earnings will be revealed on April 17.
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AI is having a 1995 moment
Business Insider
·
1y ago
Medial
According to tech analyst Dan Ives, the artificial intelligence (AI) boom could be compared to the internet boom of the 1990s. He believes that Nvidia is at the forefront of this revolution, producing highly sought-after graphic processing units (GPUs) that power AI models. Companies like Salesforce, Adobe, and Oracle are driving the demand for Nvidia's AI chips. Despite the similarities with the dot-com bubble, Ives does not anticipate a similar crash in the tech industry. Nvidia's recent earnings report, which exceeded expectations, supports the continued growth of the AI market. Nvidia's CEO, Jensen Huang, expects AI to expand into various industries in the coming years.
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Google fails to ‘wow’ as AI bills mount
Livemint
·
1y ago
Medial
Alphabet, Google's parent company, reported strong Q2 results with robust advertising and cloud revenue. However, the results failed to excite investors. Overall revenue barely beat Wall Street projections, and YouTube advertising revenue was lower than expected. The company anticipates a more challenging second half of the year due to tougher comparisons and increased spending on artificial intelligence infrastructure. Despite cost-cutting measures, capital expenditures will continue to be high, with an estimated total of over $49 billion for the year. Google's attempts to make acquisitions and navigate through regulatory challenges have also hit roadblocks recently.
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Artificial intelligence will augment human ingenuity, not replace it, says Adobe CEO
Economic Times
·
1y ago
Medial
Shantanu Narayen, CEO of Adobe Inc., believes that artificial intelligence (AI) will enhance human creativity rather than replace it. He warns against rushing to regulate AI and limiting its advancements. Narayen also discusses the role of Adobe India in developing AI-led products and the potential monetization opportunities arising from the AI boom. He expresses optimism about India's future, citing demographics, talent, technology, and the government's efforts in digital public goods.
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Salesforce's third-quarter revenue beats on strong cloud demand
Economic Times
·
8m ago
Medial
Salesforce beat expectations with its third-quarter revenue, leading to an 8% increase in its shares. The company benefited from strong spending on its enterprise cloud offerings, as companies continue to streamline workflows and utilize artificial intelligence in data processing. Salesforce's revenue for the quarter reached $9.44 billion, surpassing the estimated $9.35 billion. The company's focus on its Agentforce product, supported by its data cloud, is expected to drive future growth. However, to achieve double-digit growth, analysts suggest increased adoption of Salesforce's services by enterprises will be necessary. Salesforce has also raised its annual revenue forecast for fiscal year 2025.
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TCS shares: InCred lowers target price, sees productivity pass-back & 'America First' as key headwinds
Business Today
·
5m ago
Medial
InCred Equities has reduced Tata Consultancy Services' (TCS) earnings estimates due to anticipated slower global growth, altered client IT spending patterns, and a pass-back of productivity gains driven by artificial intelligence (AI). Despite these challenges, TCS shares rose slightly by 0.36% to Rs 3,496.55 on Monday. However, the stock has declined by 14.98% on a year-to-date basis. The report highlights ongoing headwinds impacting TCS, such as "America First" policies and productivity pass-backs.
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SoftBank shares climb to highest level since May 2021
Livemint
·
1y ago
Medial
SoftBank Group's shares have surged for a third day due to the explosive rally of its subsidiary, Arm Holdings. Arm, a chip designer, has nearly doubled in value as it positions itself to benefit from the artificial intelligence boom. The positive momentum has helped SoftBank recover from its past losses and showcases the success of its risk-taking strategy. Arm's market valuation has surpassed SoftBank's, reaching around $153 billion compared to SoftBank's $86 billion.
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How Microsoft's Satya Nadella became tech's steely-eyed AI gambler
Economic Times
·
1y ago
Medial
Microsoft's CEO, Satya Nadella, has been making risky bets on artificial intelligence (AI) in an effort to dominate the industry and ensure Microsoft doesn't miss out on another technological boom. Nadella has spent billions on AI investments and has pushed for AI integration across Microsoft's products. These moves have paid off, with Microsoft's worth increasing by 70% in the past two years. Nadella's background in engineering and his ability to make big bets have been credited with reinvigorating Microsoft. His latest bet is on Inflection AI, a startup founded by one of DeepMind's co-founders, Mustafa Suleyman.
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