Microsoft's AI Investment Fuels Chipmaker Rally

Microsoft's plan to invest $80 billion in AI-enabled data centers in fiscal 2025 boosted chipmaker stocks on Monday. Micron saw the biggest jump, surging 10%, while chip-making equipment companies like Applied Materials, Lam Research, and KLA Corp rose between 5.3% and 6.1%. Citigroup called Microsoft's spending plan a 'modest positive' update, removing the risk of a decline in capital expenditure.

Analysts noted that 'AI data centers are very chip hungry,' leading to the surge in the chip sector. Foxconn's record revenue for the fourth quarter, driven by strong demand for AI servers, further fueled the optimism. Nvidia, a Foxconn customer, gained 4.6% ahead of CEO Jensen Huang's keynote speech at the CES trade show. Super Micro Computer, an AI server maker, also saw a 9.9% rise

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Sonia Chew Recounts Unusual Proposal Story With Investment Banker Boyfriend987FM radio DJ Sonia Chew shares her unique love story with boyfriend Jeremy Sng, recounting their initial meeting, the accidental proposal, and navigating their relationship in the public eye.
Källa: asiaonecom - 🏆 10. / 59 Läs mer »

987FM DJ Sonia Chew's Relationship Journey with Investment Banker Jeremy SngSonia Chew, a 987FM radio DJ, shares the ups and downs of her relationship with investment banker Jeremy Sng in a recent interview. The couple, who met on a singles cruise, talks about the challenges of dating in the public eye and how they navigate their careers.
Källa: asiaonecom - 🏆 10. / 59 Läs mer »

Sonia Chew's Unexpected Journey with Investment Banker Jeremy Sng987FM radio DJ Sonia Chew opens up about her relationship with investment banker Jeremy Sng, sharing the challenges and unexpected moments that have shaped their journey together.
Källa: asiaonecom - 🏆 10. / 59 Läs mer »