AI chip war heats up
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 3 June 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Show Notes
'Sell in May and go away' didn't work (again) but that's good for the year
ISM Manufacturing PMI declines in May for a second month in disappointing print
Waste Management confirms deal to buy Stericycle for $62/share
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis. |
| 0:10.0 | Good afternoon. Today is Monday, June 3rd I'm your host Kim Kahn. Our top story so far. |
| 0:16.0 | Over the weekend, NVIDIA announced plans to improve its artificial intelligence accelerators |
| 0:21.0 | with next year's rollout of the Blackwell Ultra chip and a next generation |
| 0:25.2 | platform called Rubin in 2026. The company also debuted its latest tools and software |
| 0:30.9 | models. |
| 0:31.9 | NVIDIA seeks to expand adoption of its technologies beyond a core group of cloud computing |
| 0:36.4 | giants. |
| 0:37.4 | Today, Goldman Sachs reiterated its conviction by opinion on Invidia, while B of A boosted its pre- split price target to $1,500 from 1320. |
| 0:47.2 | But also today, Advanced Micro Devices unveiled its latest AI processors and provided a roadmap to develop AI chips over the next two years. |
| 0:56.0 | CEO Lisa Sue introduced the AMD Instinct MI 325X Accelerator, which will be available fourth quarter of 2024 at the Computex |
| 1:05.3 | 2024 show in Taipei. Seeking Alpha Contributor Value Analysts says the AMD |
| 1:10.8 | MI300X already poses a material competitive threat to |
| 1:15.0 | invidious dominance and data centers. In addition, AMD previewed the fifth gen |
| 1:19.9 | AMD EPIC with a Y server processors on track to launch in the second half of 2024 and it introduced |
| 1:26.4 | the AMD Horizon AI 300 series the third generation of the AMD anti-Ani-enabled mobile processors. |
| 1:33.6 | And UK-based arm anticipates that globally 100 billion arm devices will be ready for AI by the end of 2025. |
| 1:40.7 | The remarks by the chip designing company CEO Rennie Haas also came at |
| 1:44.4 | Computex. In today's training things keep getting glitchy. The NYSE |
| 1:49.4 | investigated a reported technical issue that triggered volatility halts in about a dozen companies, including Chipotle. |
| 1:56.0 | The technical glitch showed Berkshire Hathaway down 99% as well as big moves and other stocks like Baroque Gold. |
| 2:03.0 | This comes just days after the S&P and Dow Indexes |
... |
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