Get Email Alerts and Follow Us: Broadcom’s fiscal Q2 2024 financial results reveal substantial growth driven by the integration of VMware and increasing AI revenue. The company reported consolidated net revenue of $12.5 billion, a 43% year-on-year increase, largely due to VMware’s full-quarter contribution. Excluding VMware, revenue grew 12% year-on-year, bolstered by an 80% increase…
Get Email Alerts and Follow Us: Oracle’s fourth quarter of 2024 was marked by substantial growth, driven by a significant increase in demand for its cloud services. This period saw the highest sales contract in Oracle’s history, largely due to the need for large language model training and a record level of sales for Oracle…
Get Email Alerts and Follow Us: Credo Technology (CRDO) is a leader in high-speed connectivity solutions, essential for AI infrastructure like the AiPhone. Their innovative and reliable technology enhances data communication, meeting high bandwidth and data rate demands cost-effectively. Credo’s mission focuses on pushing data infrastructure boundaries with secure, high-speed solutions. Their product portfolio, including…
Get Email Alerts and Follow Us: Chinese tech giants, like ByteDance, are circumventing U.S. government restrictions on advanced AI chips by renting these chips for use on U.S. soil. The U.S. has restricted direct sales of Nvidia‘s A100 and H100 AI chips to Chinese companies due to national security concerns, but renting these chips within…
Get Email Alerts and Follow Us: Intel Corporation (INTC) saw a rise in pre-market trading on June 4, 2024, following the unveiling of its new Xeon 6 data center chips at Computex in Taipei. The new chips are designed for the burgeoning AI data center market, with two versions: a high-performance chip for intensive AI…
Get Email Alerts and Follow Us: Dell Technologies has started fiscal year 2025 strongly, reporting a Q1 revenue of $22.2 billion, a 6% increase from last year. Operating income reached $1.5 billion, with a diluted EPS of $1.27. The Infrastructure Solutions Group (ISG) saw notable growth, driven by AI-optimized server orders, while the Client Solutions…
Get Email Alerts and Follow Us: Elon Musk’s xAI has officially announced its Series B funding round, raising an unprecedented $6 billion from major investors. This record-setting funding round values the company at $24 billion post-money, a remarkable achievement just a year after its launch in July 2023. With this substantial financial backing, xAI is…
Get Email Alerts and Follow Us: In a major announcement this spring, Nvidia introduced its Blackwell B200-series processors alongside its own servers based on these advanced GPUs. While traditional server makers such as Dell, HPE, and Lenovo were confirmed to offer Blackwell-based machines, detailed specifics were sparse. However, Dell has now revealed significant information about…
Get Email Alerts and Follow Us: NVIDIA’s Q1 FY 2025 earnings call highlighted record-breaking results, with a revenue of $26 billion, an 18% sequential and a 262% year-over-year increase. The data center segment was a key driver, contributing $22.6 billion, a 23% sequential and 427% year-over-year growth, driven by the demand for NVIDIA Hopper GPU…
Get Email Alerts and Follow Us: The world is on the brink of a significant transformation in energy consumption, driven by the escalating demands of data centers. On average, a ChatGPT query requires nearly ten times the electricity of a Google search. This difference highlights the upcoming changes in power consumption patterns in the US,…