KGWV · U.S. MARKET INTELLIGENCE
Major AI chipmakers are moving away from using GPUs for every task and toward heterogeneous chip architectures. On Aug. 6, AMD (AMD) announced that it would acquire Taalas, a startup developing inference chips. AMD plans to add Taalas’ technology to its full-s…
Iranian Foreign Minister Abbas Araghchi said on Aug. 8 that Iran and Oman were “close” to reaching an agreement on navigation through the Strait of Hormuz, but that this would not mean the strait would immediately reopen. Reopening also depends on other condit…
SpaceX is nominally a rocket company, but these days it feels more like a roller coaster. Last week, CEO Elon Musk watched the company’s stock plunge nearly 14% in a single day—and that still was not SpaceX’s worst performance since its IPO. By Friday, the sto…
U.S. stocks ended lower across the board on Aug. 6, with the S&P 500 down 0.18% at 7,709.96, the Dow Jones Industrial Average down 0.85% at 53,885.10, and the Nasdaq down 0.06% at 26,348.35. The 10-year U.S. Treasury yield was 4.69%, while the two-year yield,…
On Aug. 8, Apple’s website said Apple Intelligence can work with Alibaba’s Qwen model. The related features are limited to mainland China. If users choose to allow Apple Intelligence to use Alibaba’s Qwen, they can perform the following tasks: • Get more answe…
Berkshire Hathaway released its latest financial report on Aug. 8. Following Warren Buffett’s handoff of the chief executive role, the company made a rare large-scale move into stocks. At 64, Chief Executive Officer Greg Abel is beginning to deploy the record…
U.S. stocks opened higher across the three major indexes. The Dow Jones Industrial Average rose 0.14%, the S&P 500 gained 0.34%, and the Nasdaq Composite advanced 0.78%. Optical communications stocks strengthened, with Lumentum up 4% and Corning higher by more…
During the opening phase of trading in New York on Aug. 7, U.S. storage stocks moved sharply lower, with all four named stocks turning down. As of publication, Seagate Technology was down 5.59%, SK hynix was down 3.16%, Western Digital was down 3.11%, and SanD…
U.S. storage stocks extended their declines.
South Korea’s stock market surged earlier this year on enthusiasm for artificial intelligence and semiconductors, then suffered a sharp correction. Many retail investors chased popular technology stocks through margin trading and highly leveraged exchange-trad…