By Max A. Cherney
TAIPEI - Arm Holdings aims to gain more than 50% of the Windows PC market in five years, the chip designer's CEO said, as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British firm's technology.
Demand for use of Arm's technology in personal computers got a boost after Microsoft unveiled ambitious plans last month to launch a new breed of PCs with artificial intelligence... (continue reading...)
AMSTERDAM (Reuters) - ASML, the biggest maker of equipment used to manufacture semiconductors, said on Monday it has opened a test laboratory for its High NA EUV lithography equipment, together with Belgium chip research firm Imec.
The laboratory in Veldhoven, Netherlands, years in the making, will give leading chipmakers and other equipment and materials supply companies an early chance to work with the 350 million euro ($380 million) tool, the first... (continue reading...)
(Reuters) - Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand.
Nvidia's market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement of its stock split further boosted investor enthusiasm.
Microsoft maintained its position as the leading global... (continue reading...)
The Dow Jones Industrial Average jumped on Friday, marking its best session of the year, as investors closed a strong month after the Federal Reserve’s preferred inflation measure met expectations.
The blue-chip Dow rose 574.84 points, or 1.51%, to 38,686.32, driven by gains in Salesforce (NYSE: CRM) and UnitedHealth (NYSE: UNH), which advanced 7.5% and 2.8%, respectively. The S&P 500 added 0.80% to 5,277.51, while the Nasdaq Composite edged lower by 0.01% to... (continue reading...)
Investing.com -- U.S. stock futures were mixed ahead of a new month of trading, after all three of the major indices on Wall Street clocked strong gains in May.
By 06:23 ET (10:23 GMT), the Dow futures contract had slipped by 32 points or 0.1%, S&P 500 futures had inched up by 10 points or 0.2%, and Nasdaq 100 futures had risen by 79 points or 0.4%.
September rate cut bets rise after PCE data reads as expectedWall Street indices surged on Friday after personal... (continue reading...)
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