Semiconductor scare triggers a wave of profit-taking across the Nasdaq today.
$ASML, the main culprit, reports Q3 earnings tomorrow before market open. Source: Trend Spider
OUCH! ASML’s reduced sales forecast and 3Q booking miss sink semiconductor stocks.
Semiconductor index Sox down 4% with ASML down 13.4%. Source: HolgerZ, Bloomberg
Nancy Pelosi just-so-happened to invest $5M into Databricks a few months back...
Earlier Today >>> Amazon $AMZN and startup Databricks just signed a 5 year deal that could cut costs for businesses seeking to build their own AI capabilities. Databricks will use Amazon’s Trainium AI chips to power a service that helps companies customize an AI model or build their own - WSJ
Chinese e-commerce giant $BABA Alibaba’s international arm launched an updated version of its artificial intelligence-powered translation tool
It says, is better than products offered by Google, DeepL and ChatGPT. 👉 The product supports 15 languages: Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Turkish and Ukrainian. 👉 “The idea is that we want this AI tool to help the bottom line of the merchants, because if the merchants are doing well, the platform will be doing well,” Kaifu Zhang, vice president of Alibaba International Digital Commerce Group and head of the business’ artificial intelligence initiative, said https://lnkd.in/eJrhxVrM Source: CNBC
Never bet against Nvidia???
The chip maker is riding an "insane" AI wave and hit a fresh ATH yesterday. Now worth ~$3.4tn, it has overtaken Microsoft again and is the 2nd largest company in the world in terms of market capitalization. Source: HolgerZ, Bloomberg
A headline from 1966.
Some school teachers are now protesting against the use of AI... Human being always struggle with innovation. Source: Jon Erlichman on X
Qualcomm wants to buy Intel. Would that be enough to overtake Nvidia?
Source: FastCompany
Anthropic, OpenAI’s largest startup competitor, has started talking to investors about raising capital in a deal that could value the startup at $30 billion to $40 billion
roughly doubling its valuation from a funding that closed early this year, according to an existing investor who spoke to company leaders. Source: www.theinformation.com https://lnkd.in/eQ9ZKAFC
