At the Computex 2024 conference in Taipei, Taiwan, Intel (INTC) CEO Pat Gelsinger showcased the company's new data center chip, the Xeon 6. Yahoo Finance Tech Editor Dan Howley explains the latest details on Intel's chip offerings and their various use cases as Intel hopes to better compete with the likes of Nvidia (NVDA) and Advanced Micro Devices (AMD) For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Shares of Nvidia (NVDA) are soaring on Monday following the company's announcement of new AI chips, sparking optimism among investors and analysts. In a bullish move, Bank of America analysts have raised their price target on the chipmaker to $1,500, up from the previous target of $1,320. Yahoo Finance's Seana Smith and Madison Mills break down the details, providing insight into the intensifying competition as AMD (AMD) unveiled its own AI chip. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
A weak outlook from Salesforce raised questions over how soon software companies will monetize generative AI products. Dell's profit margins on AI servers disappointed.