June 24, 2024

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Latest June 24, 2024

ByteDance Collaborates with Broadcom on Advanced AI Processor Development

Key Points: The chip will comply with U.S. export restrictions and be manufactured by TSMC. It marks a rare high-tech collaboration between Chinese and U.S. firms post-2022 export controls. The partnership aims to reduce costs and ensure a stable chip supply for ByteDance. ByteDance is heavily investing in AI and is facing limited chip supply...

AI Boom Drives Stock Splits for Nvidia, Broadcom, and Lam Research

Key Points: 5 AI stocks were identified as candidates for a stock split in late May. Nvidia, Broadcom, and Lam Research have announced stock splits amid the AI boom. Nvidia leads AI GPUs and software, Broadcom excels in networking chips and ASICs, and Lam Research dominates semiconductor equipment manufacturing. Nvidia has the highest growth expectations...

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