MarketCatalystNvidia fell 0.8% premarket Tuesday, stretching a five-session drop to 5.4%, after Broadcom CEO Hock Tan warned AI spending could hit a capital wall and Microsoft unveiled Maia 300, a custom inference chip it says beats leading GPU systems on efficiency.
UnitedHealth rose about 3% after beating estimates and lifting its profit outlook, JPMorgan edged up despite missing on earnings, and memory chipmakers fell again as South Korea's Kospi dropped 5.5%. Plus Wednesday's CPI and the rest of this week's calendar.
Cerebras closed down 10.69% at $146.62, an all-time low, on the day Broadcom CEO Hock Tan and Intel CEO Lip-Bu Tan warned that financing could limit the AI buildout. Here is what they said, what is still unconfirmed, and why Cerebras was already under pressure.
Applied Materials unveiled its $5 billion EPIC Center with TSMC, Intel, Samsung, Micron and SK hynix on board, while its CEO says AI will let revenue double without doubling staff. The stock closed down 1.87% in a weak chip tape. Here is what is confirmed and what is still unproven.
Stocks finished mixed Monday as a 2.7% slide in semiconductors and a 2% jump in oil offset gains elsewhere. The Dow rose 0.4%, the S&P 500 slipped 0.1% and the Nasdaq fell 0.4% before JPMorgan, Citigroup, Goldman Sachs and Wells Fargo report Tuesday.
Intel has begun customer sampling of its D-series inference GPUs, formerly Crescent Island, with a long list of server makers lined up. There is still no pricing, volume or revenue guidance, and Nvidia, AMD and Arm-based rivals are all targeting the same data center budgets.