Tag: Nvidia

BusinessSemiconductorsTechnology

Intel’s Q3 Results to Reveal Impact of Major Investments Amid Financial Strain

Intel’s upcoming quarterly report is set to unveil whether high-profile investments have eased its financial pressures. Analysts are closely watching for strategic clarity amid ongoing market challenges.

Investment Influx and Financial Expectations

Intel’s third-quarter results, due on Thursday, will reportedly demonstrate if a series of major investments have provided the necessary support for its strained finances. According to sources, the chipmaker secured multi-billion-dollar commitments from Nvidia and SoftBank, alongside an unprecedented stake by the U.S. government during the September quarter. These developments have contributed to Intel’s shares nearly doubling in value this year, outpacing gains by AI leader Nvidia. However, analysts suggest the company faces a high bar, with LSEG data indicating an anticipated 1% drop in quarterly sales to $13.14 billion.

by Leo Renshaw
CloudComputing

Oracle Claims 16 ZettaFLOPS AI Supercomputer Breakthrough with New Cloud Infrastructure

Oracle has unveiled what it describes as the largest AI supercomputer in the cloud, the OCI Zettascale10, reportedly capable of 16 zettaFLOPS peak performance. Sources indicate the infrastructure will support OpenAI’s Stargate cluster in Texas and features innovative networking technology designed to reduce latency and power consumption. The system is scheduled to roll out next year amid growing competition in high-performance AI cloud infrastructure.

Oracle’s Massive AI Computing Announcement

Oracle has announced what it calls the largest AI supercomputer in the cloud, according to reports from industry sources. The OCI Zettascale10 system reportedly can deliver 16 zettaFLOPS of peak performance across 800,000 Nvidia GPUs, positioning Oracle as a major contender in the high-performance computing race. Analysts suggest this represents one of the most significant infrastructure developments in recent cloud computing history.

by Darren Holt
BusinessTechnology

Wall Street Analysts Issue Major Stock Upgrades and Downgrades Across Tech, Energy, and Retail Sectors

** Deutsche Bank upgraded space firm Intuitive Machines to buy, citing its pivotal role in lunar exploration. Meanwhile, Jefferies reinforced its bullish stance on Nvidia, suggesting the entire tech ecosystem is racing to catch up to its AI dominance. These moves highlight a day of significant analyst activity across multiple industries. **CONTENT:**

Key Analyst Upgrades and Initiations

by Mason Drayton