11 stories for “chips”
When Nvidia buys shares of Meta, which buys Nvidia's chips, that isn't confidence in the future. It's a loop. Tonight's results will test the question everyone avoids: who ends up paying.
According to The Wall Street Journal, the valuation is about $7 billion. According to Calcalist, the price is lower, about $5.5 billion, after Nvidia and Anthropic passed. The company, founded by 8200 veterans, was only founded in 2023.
Nvidia will buy $3 billion of stock and AMD $1 billion, as part of a $25 billion offering that was about five times oversubscribed. Meta is also expanding its use of Vera Rubin chips.
The Jerusalem-based autonomous driving technology company reports before the New York open. Last quarter revenue was nearly flat, and the company narrowed its annual forecast.
At Oracle AI World, the software giant announced four new AI products with OpenAI, and a deal that will make it the first major cloud provider outside Google to offer Google's chips.
The Korean memory chipmaker reported operating profit of 83 trillion won and an 80% margin, and said its output is almost sold out through 2029. Its shares jumped 8%.
The new computers get Apple's next generation of chips, Wi-Fi 7 and faster storage, but no design changes. Orders open tomorrow, and according to reports, a MacBook Pro with an OLED touchscreen is expected to be unveiled at Wednesday's event.
According to a filing with the US Securities and Exchange Commission, Elon Musk's company will lease Nvidia Vera Rubin chips from an entity managed by Apollo. It is one of the largest compute financing deals signed to date.
Enthusiasm over Anthropic's IPO filing keeps pushing chip stocks higher, and Bank of America expects memory to stay tight in 2027 and 2028. This week: earnings from SK Hynix and SanDisk.
Bank of America, Citi, Morgan Stanley and Blackstone will fund a special-purpose company that buys the chips and leases them to the maker of Claude. Broadcom is guaranteeing part of the risk, and Moody's is already sounding a warning.
The US hardware startup, valued at $4.5 billion, is buying the Caesarea-based chip company in a cash-and-stock deal. Market estimates put the deal at $150 million to $200 million, and about 40 employees will join the acquirer.
