AI Processors - Truenewj

Nvidia will invest billion each in Lumentum and Coherent to strengthen AI processors

Nvidia will invest $2 billion each in Lumentum and Coherent to strengthen AI processors

amefika3 months ago02 mins

March 2 (Reuters) – Nvidia will invest $2 billion each in photonics makers Lumentum and Coherent, as it looks to bolster its data center chips with technology that can better meet the growing need for faster AI processors. Lumentum shares rose 5%, while Coherent rose 9% in early trading following Monday’s announcement. In its most…

Broadcom Stock Falls as Margin Warning Raises Concerns About AI Benefits

amefika6 months ago02 mins

By Zaheer Kachwala and Joel José Dec 12 (Reuters) – Broadcom shares fell more than 11% on Friday after the chipmaker warned that growing sales of lower-margin custom AI processors were squeezing profitability, raising concerns that the business could become less lucrative. The warning about the impact on margins deepened investor jitters about Big Tech’s…