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The Mainichi
4 days ago
- Business
- The Mainichi
Tokyo stocks rise in morning on robust earnings reports
TOKYO (Kyodo) -- Tokyo stocks rose Wednesday morning, as selling triggered by overnight Wall Street declines was more than offset by buying after robust earnings reports from some Japanese companies. The 225-issue Nikkei Stock Average gained 253.19 points, or 0.62 percent, from Tuesday to 40,802.73. The broader Topix index was up 33.01 points, or 1.12 percent, at 2,969.55. The U.S. dollar stayed mostly in the upper 147 yen zone in Tokyo amid a lack of new trading cues, dealers said. At noon, the dollar fetched 147.55-56 yen compared with 147.50-60 yen in New York and 147.36-38 yen in Tokyo at 5 p.m. Tuesday. The euro was quoted at $1.1570-1571 and 170.72-74 yen against $1.1570-1580 and 170.72-82 yen in New York and $1.1545-1547 and 170.13-17 yen in Tokyo late Tuesday afternoon. The Nikkei index was initially weighed down by chip shares after U.S. President Donald Trump said he will announce a levy on semiconductors in the "next week or so." An earnings report from major U.S. chipmaker Advanced Micro Devices Inc. also fueled concern about the Chinese market, brokers said. However, the market was later supported by buying of real estate firm Mitsui Fudosan and others after they released strong quarterly earnings.
The Star
19-07-2025
- Business
- The Star
Nvidia is the first US$4 trillion company. Here are three things to know
Nvidia is already the world's most valuable company being one of the biggest beneficiaries of the global artificial intelligence boom. This week, the Santa Clara, California-based chip maker got another windfall. The Jensen Huang-led technology giant on Monday received approval from the US government to sell some of its AI chips in China, boosting Nvidia's stock price by 4% to US$170.70 (RM724) a share on Tuesday. Rival Advanced Micro Devices Inc has received similar assurances from the government. Nvidia's valuation has risen dramatically over the last two years since generative artificial intelligence became a mainstream topic. Last week, the 32-year-old company became the first publicly traded firm to reach US$4 trillion (RM17 trillion) in market capitalisation, beating tech titans including Microsoft and Apple. Though it's a largely symbolic moment, the milestone raised the stakes for competition in the AI space, which has attracted enormous amounts of capital from established tech players and start-up investors. "Once you reach that level of market cap, everybody and their brother wants to be you," said Rob Enderle, principal analyst with advisory services firm Enderle Group. "So that means that there's going to be a huge focus on creating competitive technologies to Nvidia because it looks incredibly lucrative." Nvidia has become a primary force in the growth of AI technology, as many applications are built with Nvidia's chips. Prior to the AI boom, Nvidia was mostly known for creating premium graphics cards that were attractive to gamers in rendering high-speed visuals. Most recently, the company is known for selling powerful chips that help chatbots such as OpenAI's ChatGPT and self-driving cars process information quickly enough to make the technology useful. Nvidia said in its 2025 annual report that it powers more than 75% of the supercomputers on the TOP500 list, which ranks the 500 most powerful computer systems in the world. What is powering Nvidia's rise? Founded in 1993, Nvidia has ridden many technology waves, including the crypto frenzy. But lately, Nvidia has seen tremendous growth thanks to worldwide investor interest – and competition for dominance – in artificial intelligence. Companies are eager to explore how AI can make processes more efficient and figure out complex problems. But getting the computing power behind AI can be expensive if companies are building hardware on their own. That's where Nvidia comes in. Nvidia's sales increased 69% to US$44.1bil (RM187.20bil) in its fiscal first quarter compared to a year ago. Net income was nearly US$18.8bil (RM80bil), up 26% from a year ago. In its fiscal year 2025, the company's revenue more than doubled to about US$130.5bi (RM554bil) compared to a year earlier, and net income increased 145% to nearly US$72.9bil (RM309bil) compared to fiscal year 2024. In the last 12 months, Nvidia's shares have increased more than 30%. Since five years ago, the stock has risen more than 16-fold. "It is clear AI is going to change the world and people want to get on that train, and Nvidia is the easiest entry point," wrote Berna Barshay, a partner at online investment platform Wall Street Beats, in an email. Over time, new winners and formidable rivals may emerge, Barshay said. "But during this foundational period of infrastructure creation, Nvidia has certainly been king." Other companies were slower to innovate in AI, including Apple and Intel, and underestimated how quickly AI technology would advance, analysts said. Who is Jensen Huang? Huang, a former microprocessor designer, discussed the idea behind Nvidia inside a Denny's in San Jose with fellow entrepreneurs Chris Malachowsky and Curtis Priem. The company's name is partly based on the Latin word "invidia" – which means envy, according to the Wall Street Journal . Many businesses are certainly jealous of Nvidia's success now, but in the 1990s, the company almost went out of business when its first chip, NV1, failed, according to media reports. Huang has said in public comments, including commencement speeches, that adversity can help people become better leaders. Born in Tainan, Taiwan, in 1963, the onetime Denny's dishwasher has become one of the industry's most recognisable names, on par with Apple chief Tim Cook and Meta's Mark Zuckerberg. Thousands of people watch Huang's keynote at Nvidia's developer conference, as his vision could provide a road map for companies eager to expand investments in AI. Some analysts regularly refer to him as the "godfather of AI." What challenges lie ahead? The biggest challenges facing Nvidia are trade wars and competition, analysts say. Tariffs in the semiconductor industry could hurt companies like Nvidia, which manufacture and sell countless chips abroad. The company said in its annual report that 53% of its revenue in its 2025 fiscal year came from outside the US. The company said that worldwide geopolitical tensions and conflicts in countries like China, Hong Kong, Israel, Korea and Taiwan, where the manufacturing of its product components and final assembly are concentrated, could disrupt its operations, product demand and profitability. Nvidia has worked with its production partners to increase US manufacturing of its chips. Several years ago, the US restricted Nvidia's sales of its chips in China due to concerns that its AI technology could be used to help the Chinese military. Huang has said that since the US government could choose to apply restrictions, he didn't think policymakers needed to be concerned about that and warned that allowing Nvidia to lose market share in China would cede a major advantage to Chinese tech company Huawei, according to Bloomberg. While many analysts say Nvidia has a significant lead on competitors, it is possible over time they could catch up. OpenAI, which uses Nvidia products for ChatGPT, is developing its own chip design, according to Reuters. There's also the question of whether the power grid is robust enough to support the infrastructure needs of the fast-growing technology, which could slow down not just Nvidia but the larger AI ecosystem. Despite the challenges, Thomas Monteiro, senior analyst at is bullish on Nvidia, saying it is possible that the company could reach US$5 trillion (RM21 trillion) in market cap during the next 18 months. "The world's still catching up and the thing is, it's going to take years for them to catch up," he said. "As long as we're looking at the AI revolution as a multidecade transformation, it's going to be really hard to take Nvidia out of that position." – Los Angeles Times/Tribune News Service
Time of India
15-07-2025
- Business
- Time of India
AMD says it will restart MI308 sales to China after US review
Advanced Micro Devices Inc. said that it plans to restart shipments of its MI308 chips to China after the US said it would approve the sales, following a similar decision on an Nvidia Corp. semiconductor. The US Commerce Department told AMD that license applications for the MI308 products would move forward for review, an AMD spokesman said Tuesday. Allowing the products back into China is a reversal for President Donald Trump's administration, which spent weeks insisting that curbs on chips sales to the Asian country were not up for discussion. The news comes after weeks of thawing ties between the two nations as well as Nvidia Chief Executive Officer Jensen Huang's meeting with Trump last week. AMD said in April that export restrictions on the MI308 chips would cost the company about $800 million. Earlier, Nvidia similarly said the government had agreed to green-light shipments of its H20 AI chip to China, a decision that could add billions to the company's revenue this year. AMD shares rose 5% in premarket trading on Tuesday. The stock closed at $146.24 on Monday and has gained 21% this year.
The Star
26-06-2025
- Business
- The Star
British man charged by US in 'IntelBroker' company data hacks
West hacked into his victims' computer systems, gained access to information including customer lists and marketing data, and sold the stolen records for profit, seeking to collect more than US$2.4mil (RM10.14mil), prosecutors said. — Pixabay A 25-year-old British man known as "IntelBroker' was accused by US authorities of conspiring with a group of hackers to steal data from dozens of companies and offer it for sale online, causing more than US$25mil (RM 105.62mil) in damages to victims around the world. Federal prosecutors in New York on Wednesday announced an indictment had been unsealed charging Kai West, 25, with four counts including conspiracy to commit computer intrusions. West was arrested in February in France, where he remains in custody, prosecutors said in a statement. The US is seeking his extradition. West hacked into his victims' computer systems, gained access to information including customer lists and marketing data, and sold the stolen records for profit, seeking to collect more than US$2.4mil (RM10.14mil), prosecutors said. West, who also went by the name "Kyle Northern', led an online hacking group that frequented an Internet forum that officials didn't disclose, according to the indictment. While none of the victims were identified by prosecutors, IntelBroker had claimed breaches at a number of technology companies in recent years, including Advanced Micro Devices Inc, Cisco Systems Inc and Hewlett Packard Enterprise Co. In June 2024, AMD said it was looking into claims that company information had been stolen in a hack in reponse to reports that IntelBroker had said he breached its systems on a site called "BreachForums', one of the the largest English-language markets for hackers to sell stolen data. The forum enables extortion of companies around the world and gives cybercriminals a place to profit off their theft, according to authorities. A Peekskill, New York, man who ran the site, Conor Brian Fitzpatrick, was arrested at his home in March 2023 and pleaded guilty a few months later. He was sentenced to time served and 20 years of supervised release in January 2024, but he's scheduled to be resentenced next month after an appeals court agreed with the government that his punishment was too lenient. According to the complaint in West's case, the forum was launched in March 2022 and shut down the following year by law enforcement around the time that Fitzpatrick was arrested. It was relaunched in May 2024 and remains active. From about August 2024 through January, IntelBroker was identified on the forum as its "owner,' prosecutors said. West offered data for sale about 41 times and offered to distribute it for free, or for credits for the online forum that increases users' clout and allowed them to access advanced features, about 117 times, between 2023 and 2025, prosecutors said. He faces as much as 20 years in prison if convicted on the most serious charge. Victims of West's scheme include a municipal government healtchare provider, a US-based telecommunications provider and an Internet services provider. Investigators said they identified West partially through his cryptocurrency accounts after an undercover officer bought data from IntelBroker for US$250 (RM1,056) worth of Bitcoin through private messages sent via the forum. While West usually asked for compensation for companies' data in Monero, a cryptocurrency with enhanced privacy, Bitcoin had less protection and allowed investigators to link West's email accounts to the wallets that the undercover officer made payment to, according to court documents. French prosecutors didn't immediately respond to an email seeking more details on his arrest. Lawyers for West couldn't be immediately identified. – Bloomberg
Yahoo
23-06-2025
- Business
- Yahoo
AMD, Keysight Technologies Collaborate to Develop PCIe 6.0 for High-Speed AI Applications
Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best QQQ stocks to buy according to hedge funds. On June 18, AMD partnered with Keysight Technologies Inc. (NYSE:KEYS) to advance PCI Express/PCIe 6.0 technology, which is a crucial step for high-speed data transfer and AI application development. A close up of a complex looking PCB board with several intergrated semiconductor parts. The collaboration involves Keysight providing early access to its PCIe CEM test tools, such as the M8040A 64 GBaud High-Performance BERT and the 59 GHz UXR-Series Oscilloscope, along with pre-compliance software. This enabled AMD to develop and test a PCIe 6.0-capable server motherboard operating at speeds up to 64 GT/s. The advancement was publicly demonstrated for the first time at the PCI-SIG Developers' Conference held on June 11-12 in Santa Clara, California. PCIe 6.0 is the latest iteration of the high-speed interface that connects components within servers and computers. It offers faster data transfer rates, lower latency, and improved energy efficiency, with speeds reaching up to 256 GB/s using 16 lanes. These enhancements are critical to deploy advanced AI technologies and next-gen 802.3dj Ethernet communications, which enable efficient AI applications. Advanced Micro Devices Inc. (NASDAQ:AMD) operates as a semiconductor company and operates through 4 segments: Data Center, Client, Gaming, and Embedded. Keysight Technologies Inc. (NYSE:KEYS) offers electronic design and test solutions worldwide. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
