Marvell Stock Gains as Custom AI Chips Boost Performance
Marvell Technology shares climbed Monday after the company said its artificial intelligence accelerator chips are now better able to increase the performance of AI servers.
Marvell Technology shares climbed Monday after the company said its artificial intelligence accelerator chips are now better able to increase the performance of AI servers.
U.S. companies rushed to the corporate bond markets on Monday as what is usually a seasonal fund-raising spree over the first few days of a new year gained extra momentum to get ahead of any further rise in Treasury yields - which would increase funding costs - after jobs data on Friday. Some 22 companies were offering new bonds in the U.S. investment-grade bond market on Monday, taking the tally of new borrowers to 34 in the first few days of 2025. "With spreads nearing historic levels and the market ostensibly giving up on the hope of significantly lower risk-free rates, now looks like an opportune time for corporates to fund themselves," said Connor Fitzgerald, fixed income portfolio manager at Wellington Management.
This is what could happen next to Meta Platforms' shares.
U.S. Chips Act beneficiary Intel Corp’s (NASDAQ:INTC) crisis appears to be worse than expected, as companies ranging from Nvidia Corp (NASDAQ:NVDA) and smaller rivals, erstwhile partners like Microsoft Corp (NASDAQ:MSFT) rush to nab Intel’s market share that is critical for its profitability. Intel stock plunged 58% in the last 12 months as it failed to capitalize on the budding market of new kinds of computing and new applications for chips, the Wall Street Journal cited Doug O’Laughlin of Semi
(Bloomberg) -- Shares of American Airlines Group Inc. are rallying on Monday after the company received a trio of upgrades from Wall Street analysts, extending the carrier’s recent hot streak.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusCan American Drivers Learn to Love Roundabouts?NYC Congestion Pricing Takes Effect After Years of DelaysAnalysts from Jefferies, TD Cowen and Melius
The Dow regained momentum by mid-morning on Monday as AI stocks surged. Electronic giant Foxconn (HNHPF) reported record-breaking revenue for its fourth quarter, and the artificial intelligence boom continues into 2025.
Nvidia’s (NVDA) shares climbed by close to 5% on Monday in anticipation of chief executive Jensen Huang’s keynote at the Consumer Electronics Show.
Based on the data, China’s domestic market saw its second consecutive month of acceleration in November.
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Major U.S. indexes gained at midday Monday, as tech stocks surged after Nvidia and Apple supplier Foxconn posted strong fourth-quarter results.