- Foundry Technologies is in talks to raise money at a valuation of $350 million, a significant increase from its previous valuation of $50 million.
- The increase in valuation highlights the trend of hot companies in the AI sector raising money at rapidly escalating valuations.
- Foundry is one of many AI startups that have experienced a meteoric rise in valuation this year.
- The company plans to rent servers to companies for running AI software.
- The risky pandemic-era fundraising trend of rapidly increasing valuations in short periods of time has returned.
Intel and International Business Machines (IBM) are two AI stocks that haven't won over investors yet, but they have the potential for significant growth due to their focus on AI technologies and the opportunities presented by the surge in demand for AI accelerators.
Chip stocks, including Nvidia, experienced a selloff in the technology sector despite Nvidia's strong performance, leading to concerns that spending on AI hardware may be affecting traditional chip companies like Intel.
Intel shares are rising as CEO Pat Gelsinger announced that third-quarter financial results are surpassing the company's guidance range, prompting an acceleration of the Arizona fab build-out after receiving a large customer order.
Intel's stock rose nearly 2% after CEO Pat Gelsinger expressed optimism about the company's current quarter and announced the launch of a new data center chip.
Advanced Micro Devices (AMD) stock is rising as investors recognize its potential in the artificial intelligence (AI) hardware market, making it a strong competitor to Nvidia, especially with the launch of its M1300X AI chip in the third quarter of 2023.
C3.ai, a company that provides enterprise AI applications, has seen its shares rise 180% this year, driven by its partnership with Google and its shift towards a transaction-based pricing model, but it still has to prove itself to skeptics as it faces a significant short interest and the challenge of achieving profitability.
Intel Corp. is expected to see stabilization and material gains in its data-center business due to increased artificial-intelligence spending.
Intel stock is performing well despite concerns about the U.S.-China chip war.
Stock investors should focus on long-term beneficiaries of artificial intelligence, as near-term beneficiaries have already experienced significant share price increases, according to Goldman Sachs. Companies across various sectors, such as communication services, consumer discretionary, financials, and information technology, are expected to see a boost in their earnings per share from AI adoption.
Intel (INTC) closed at $38.59, outpacing the S&P 500 and gaining 1.53%, as investors anticipate the company's upcoming earnings release and consider positive estimate revisions as a sign of optimism about Intel's business outlook.
Intel stock is recommended for purchase by analyst firm Raymond James due to its potential to benefit from the growing popularity of artificial intelligence.
Iovance Biotherapeutics, Novonix, Nikola Corporation, Yunhong CTI, Canopy Growth, Biodexa Pharmaceuticals, 1847 Holdings, Jiuzi Holdings, and Silvercorp Metals experience stock price increases, with Biodexa Pharmaceuticals seeing the largest gain at 18%.
Micron Technology stock rises after Deutsche Bank analyst upgrades the stock due to improving demand ahead of earnings.
Intel's stock is rising as an analyst suggests investors should pay attention to the company's efforts in artificial intelligence.
Intel showcased new chips at its innovation event, including Xeon processors and Core Ultra processors, but investors were unimpressed as the stock slipped nearly 2% in trading.
Intel's stock drops as analysts express skepticism about the company's ability to compete with Nvidia in artificial intelligence.
Nvidia stock has experienced a pullback along with other chip makers, but analysts remain positive and predict a significant upside potential for the company, particularly in the AI space, with an average 12-month price target implying a 55.14% increase.