Tag: qualcomm forecasts
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Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
June 24 : Shares of chipmakers surged late on Wednesday, adding over $400 billion in market value after strong forecasts from Micron Technology and Qualcomm breathed fresh life into Wall Street’s recently waning AI stock rally.Micron surged 12 per cent in extended trade after forecasting quarterly earnings ab
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Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar
June 24 : Qualcomm said on Wednesday that Microsoft and Meta Platforms will use its new AI chips and that it will make custom chips for two other unnamed “hyperscalers.”The San Diego-based company, which is the industry leader in smartphone chips, held an investor presentation to showcase its move into suppl
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