To The Moon

By Fanny Potkin SINGAPORE, July 22 - Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible with current U.S. export controls, three sources familiar with the matter said. The AI chip giant in March unveiled its "Blackwell" chip series, which is due to be mass produced later in the year. Within that series, the B200 is 30 times speedier than its predecessor at some tasks like serving up answers from chatbots. Nvidia will work with Inspur, one of its major distributor partners in China, on the launch and distribution of the chip which is tentatively named the "B20", two of the sources said. The sources declined to be identified as Nvidia has yet to make a public announcement. A spokesperson for Nvidia declined to comment. Inspur did not respond to requests for comment. Washington tightened its controls on exports of cutting-edge semiconductors to China in 2023, seeking to prevent breakthroughs in supercomputing that

Last week's widespread outage caused by a bad update from cybersecurity firm CrowdStrike had significant impacts across the globe and raised the question if the "perceived vulnerabilities" for Microsoft's Windows operating system are true, Citi said. "Overall, we see limited financial impacts to MSFT , though we also note MSFT may still have to deal with negative perception around perceived vulnerabilities to its Operating System, with public hearings in the coming days and additional investigation by the FTC," analyst Tyler Radke wrote in an investor note. Radke has a Buy rating and $520 price target on Microsoft. The outage resulted in the dreaded "blue screen of death" for many PCs around the world, as CrowdStrike has "low-level kernel-level access" to Windows. However, the outage did not impact Mac computers or those that run the Linux operating system, as each operating system has differing kernel-level access policies. And while the differences are well known amongst the IT c

Tesla's $350 Billion Stock Slump Shreds Investor Expectations

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Sea Limited operates three core businesses: Garena, Shopee, and SeaMoney, focusing on digital entertainment, e-commerce, and digital payments and financial services.Garena's revenue has been declining

Sea Ltd is set to record a profit for the year 2023-the Southeast Asian e-commerce group's first annual profitsince its initial public offering (IPO) in New York in 2017, CEO Forrest Li said in an int

The Tesla share price has had quite a year, more than doubling in 2023 so far. But can it return to the all-time high?Gordon Best takes a look.Image source: TeslaThere have been plenty of darlings of the stock market in recent years, but many would put Tesla at the top of the list. The company has innovated and revolutionised the world of electric vehicles, AI, and energy technology, sending the Tesla share price up over 17,000% since its IPO in 2010. But is there still more growth ahead, or is

Arm Holdings shares were falling early Monday. The chip-design firm's initial public offering was a big hit but there are reasons to be cautious about the stock from now on.Arm was down 0.7% in premarket trading at $60.34. It has given up significant gains since demand around its IPO last week briefly pushed the price above $66 a share.However, the stock remains well above the $51-a-share pricing of the offer, which was itself at the high end of the expected range. Arm is valued at more than $60 billion and at a considerable premium on a price-to-earnings basis to peers in the semiconductor industry -- even artificial-intelligence favorite Nvidia . That has some market commentators taking a skeptical line on its future prospects."With the deal six times oversubscribed it looks like investors viewed the Arm IPO as an AI play and forgot to look at the price tag," wrote Daniel Morgan, senior portfolio manager at Synovus Trust, in a research note.