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Navitas closes Claros deal as AI chips hit a 'power wall'

Navitas closes Claros deal as AI chips hit a 'power wall'

The fight for AI compute is shifting from the chip to the power feeding it. This deal is a bet on the very last stretch.
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Bank of America tweaks Marvell stock target after key Analyst Day

Bank of America tweaks Marvell stock target after key Analyst Day

One major shift reshaped BofA’s outlook.
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Veteran analyst aggressively resets Micron stock target on 3-5 year run

Veteran analyst aggressively resets Micron stock target on 3-5 year run

Micron’s next growth phase could look very different.
ReutersReuters
Nvidia-backed Firmus scraps $5 billion Australian IPO as investors step up AI scrutiny

Nvidia-backed Firmus scraps $5 billion Australian IPO as investors step up AI scrutiny

By Scott Murdoch and Christine Chen SYDNEY, Oct 9 (Reuters) - Australia's Firmus, a data centre operator backed by Nvidia, shelved its $5 billion initial public offering on Friday, opting for a private fundraising round ahead of a potential New York share sale.
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Nvidia's AI power problem is turning into its biggest edge

Nvidia's AI power problem is turning into its biggest edge

Data centers are running short on electricity and space, and Morgan Stanley thinks that tilts the AI race toward Nvidia.
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Marvell Technology Raises Revenue Forecasts, Driven by AI and Data Center Demand

Marvell Technology Raises Revenue Forecasts, Driven by AI and Data Center Demand

Marvell Technology Raises Revenue Forecasts, Driven by AI and Data Center Demand
ReutersReuters
Marvell raises 2028 revenue forecast on strong AI data center demand

Marvell raises 2028 revenue forecast on strong AI data center demand

Oct 6 (Reuters) - Marvell Technology raised its fiscal 2028 revenue forecast to about $20 billion on Tuesday, above Wall Street estimates, as demand for its custom data center chips grows along with a surge in AI spending.
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Nvidia and Micron are about to lord their successes all over Wall Street

Nvidia and Micron are about to lord their successes all over Wall Street

Wall Street is staring an important reality check right in the face.
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Marvell Technology Projects Up to $90 Billion Revenue by 2031 Amid Surging AI Demand

Marvell Technology Projects Up to $90 Billion Revenue by 2031 Amid Surging AI Demand

Marvell Technology Projects Up to $90 Billion Revenue by 2031 Amid Surging AI Demand
ReutersReuters
S&P 500, Nasdaq on track for record closing highs as focus turns to earnings

S&P 500, Nasdaq on track for record closing highs as focus turns to earnings

By Stephen Culp and Tharuniyaa Lakshmi NEW YORK, Oct 6 (Reuters) - Wall Street rallied on Tuesday as crude prices steadied and US Treasury yields eased, offering some reprieve from concerns that have preoccupied investors in recent weeks, and allowing markets to turn their attention to the
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Morgan Stanley resets Hewlett Packard HPE target after earnings

Morgan Stanley resets Hewlett Packard HPE target after earnings

Morgan Stanley adjusted its price target on the stock after a landmark AI deal signaled bigger gains ahead.
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Constellation Energy and Option Care Health Among Companies Making Significant Premarket Moves

Constellation Energy and Option Care Health Among Companies Making Significant Premarket Moves

Constellation Energy and Option Care Health Among Companies Making Significant Premarket Moves