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Arm forecasts upbeat revenue on surging AI data center demand

Arm forecasts upbeat revenue on surging AI data center demand

May 6 (Reuters) - Arm Holdings forecast first-quarter revenue above Wall Street expectations on Wednesday, benefiting from higher adoption of its chip technology as tech firms spend heavily on artificial intelligence compute.
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SBI Securities Co. Ltd. Increases Stake in Taiwan Semiconductor Manufacturing, Highlighting AI Infrastructure Role

SBI Securities Co. Ltd. Increases Stake in Taiwan Semiconductor Manufacturing, Highlighting AI Infrastructure Role

SBI Securities Co. Ltd. Increases Stake in Taiwan Semiconductor Manufacturing, Highlighting AI Infrastructure Role
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AMD forecast sparks AI‑driven rally in US chipmaker stocks

AMD forecast sparks AI‑driven rally in US chipmaker stocks

By Rashika Singh May 6 (Reuters) - U.S. semiconductor stocks rose on Wednesday as Advanced Micro Devices' strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending.
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AI Investment Boom Raises Concerns Over Market Concentration and Diversification

AI Investment Boom Raises Concerns Over Market Concentration and Diversification

AI Investment Boom Raises Concerns Over Market Concentration and Diversification
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Corning partners with Nvidia to expand US fiber optic output for AI growth

Corning partners with Nvidia to expand US fiber optic output for AI growth

May 6 (Reuters) - Corning and Nvidia said on Wednesday they would partner to expand U.S. production of optical connectivity products used in artificial intelligence data centers. The specialty glass maker also raised its long-term sales targets on surging demand for AI infrastructure.
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Alphabet closes in on Nvidia's spot as world's biggest company

Alphabet closes in on Nvidia's spot as world's biggest company

By Shashwat Chauhan May 5 (Reuters) - Alphabet is on the cusp of overtaking Nvidia as the world's most valuable company, riding on a record stock rally fueled by its artificial intelligence efforts and booming cloud business.
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US stock index futures rise on Middle East peace hopes, AI optimism

US stock index futures rise on Middle East peace hopes, AI optimism

May 6 (Reuters) - Wall Street futures climbed on Wednesday, buoyed by hopes of a U.S.-Iran peace agreement and unrelenting optimism around artificial intelligence.
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AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

AI chipmaker Cerebras aims to raise $3.5 billion in US IPO

May 4 (Reuters) - Nvidia-rival Cerebras Systems, which makes chips for artificial intelligence workloads, is aiming to raise $3.5 billion in its U.S. initial public offering.
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Micron Technology Sees Stock Surge Amid AI-Driven Memory Demand

Micron Technology Sees Stock Surge Amid AI-Driven Memory Demand

Micron Technology Sees Stock Surge Amid AI-Driven Memory Demand
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Wall Street Analysts Issue Key Stock Upgrades and Downgrades Impacting Major Companies

Wall Street Analysts Issue Key Stock Upgrades and Downgrades Impacting Major Companies

Wall Street Analysts Issue Key Stock Upgrades and Downgrades Impacting Major Companies
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Major Companies Report Earnings Surprises, Impacting Stock Movements

Major Companies Report Earnings Surprises, Impacting Stock Movements

Major Companies Report Earnings Surprises, Impacting Stock Movements
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Morning Bid: Stocks surge in Seoul as Samsung surpasses Berkshire

Morning Bid: Stocks surge in Seoul as Samsung surpasses Berkshire

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global stocks were at record highs on Wednesday as some of Asia's biggest markets returned from a holiday in euphoric mood and resumed ramping up AI-related trades.