Chips
* In a surprising shift, Citi has named Advanced Micro Devices (AMD) as the new leading stock in the semiconductor space, overtaking previous favorite Nvidia. * The endorsement follows AMD's recent Analyst Day, where the company outlined a robust strategy for growth, fueling strong investor confidence. * While Nvidia remains a
Chips
* SoftBank Group Corp. explored a potential takeover of U.S. chipmaker Marvell Technology Inc. earlier this year. * If completed, the acquisition would have been the largest deal in the history of the semiconductor industry. * Discussions ultimately failed several months ago after the two parties could not agree on terms. * The
Chips
* Microsoft has secured U.S. approval to export advanced Nvidia AI chips, including the powerful GB300 GPUs, to the United Arab Emirates. * The news triggered a 2.17% surge in Nvidia's stock, signaling strong investor confidence in the landmark deal. * This approval is a cornerstone of Microsoft'
Chips
* Unprecedented Milestone: Nvidia has become the first company in history to achieve a staggering $5 trillion market capitalization, cementing its role at the heart of the AI revolution. * CEO's Skyrocketing Wealth: Propelled by the stock's meteoric rise, CEO Jensen Huang's net worth has ballooned