NVidia

Workforce Cut

Cisco to cut 7% of workforce

Cisco Systems is cutting 7% of its workforce, approximately 5,900 employees, as it shifts focus to rapidly growing areas in technology such as artificial intelligence and cybersecurity. The San Jose,

Earnings Rise

Hive Digital Technologies announces Q2 earnings rise

Hive Digital Technologies Ltd. (HIVE) reported a 36% increase in sales for the second quarter of 2024. The Canadian Bitcoin miner’s expansion into providing computational power for artificial intelligence (AI)

Stricter Controls

U.S. mulls stricter export controls on Nvidia

The U.S. government is considering stricter export controls on advanced semiconductor technologies. This could include a ban on Nvidia’s AI chip designed for the Chinese market. Analysts at Jeffries say

AI Chip

Nvidia and AMD lead AI-driven chip surge

Artificial intelligence (AI) chip stocks led by Nvidia Corp and Advanced Micro Devices, Inc. (AMD) are trading higher on Wednesday. This uptick follows Taiwan Semiconductor Manufacturing Co.’s (TSMC) report of

Nvidia Micron

Nvidia and Micron price targets raised

KeyBanc has increased the price targets for Nvidia and Micron. Analyst John Vinh raised Nvidia’s target to $180 from $130 and Micron’s to $165 from $160. The increases come as traditional

AI Computing

HPE and NVIDIA unveil AI Computing by HPE

Hewlett Packard Enterprise (HPE) has announced a new portfolio of AI solutions to speed up the use of generative AI in businesses. The main product is HPE Private Cloud AI,

Huang Discusses

Nvidia CEO Jensen Huang discusses stock surge

Nvidia CEO Jensen Huang addressed shareholders at the company’s annual meeting following a remarkable surge in stock value that briefly made Nvidia the most valuable public company with a $3