Asia stocks rise as ECB appears set to cut rates; softer labor market fuels hopes the Fed might follow suit
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(Reuters) -- Shares of Nvidia rallied to record highs on Wednesday, with the AI chipmaker's stock market valuation hitting the $3 trillion mark and overtaking Apple to become the world's second-most-valuable company.
Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years.
Kneron, an artificial intelligence chip startup, launched its next-generation products on Wednesday as it looks to cash in on AI interest from businesses and offer an alternative to giants like Nvidia and AMD.
Elon Musk says he can grow Tesla into "a leader in AI & robotics," an ambition that he's said will require a lot of pricey processors from Nvidia to build up its infrastructure.
HSINCHU, Taiwan -- Taiwan Semiconductor Manufacturing Co.'s new chairman has hinted that he is considering raising the price of his company's AI chip production services, and said he has already touched on the subject with Nvidia CEO Jensen Huang.
TAIPEI -- Nvidia plans to increase its investments in Taiwan despite geopolitical uncertainties surrounding the island, CEO Jensen Huang said on Tuesday, citing the importance of the local chip supply chain and his company's decadeslong relationship with Taiwan Semiconductor Manufacturing Co.