AMD says it has a major advantage in the AI chip race against Nvidia: being more open. AMD has long promoted this strategy through its open-source ROCm software, used to program AI chips. Since ROCm is available as open source, it’s free for anyone to use, download, or modify. On the company’s earnings call on
South Korea’s stock market crash quickly took the shine off one of this year’s biggest AI success stories: the rise of Samsung Electronics and SK Hynix to the trillion-dollar club. Buoyed by the global artificial intelligence boom, both memory chip giants crossed the $1 trillion market capitalization threshold in May, as investors flocked to companies
Global stocks fell on Friday as investors soured on technology stocks and worried about a new surge in energy prices. AI companies have reported stellar profit growth in recent days, but they have also committed to spending hundreds of billions on building AI infrastructure, leading some investors to question whether they will ever see a
South Korea’s SK Hynix has been on a rollercoaster ride recently, but little has actually changed in its position at the center of the AI boom. On Wednesday, the memory giant’s Seoul-listed shares rose as much as 13% after its Nasdaq-listed American Depositary Receipts rose 27% overnight. The rally followed a sharp sell-off earlier this
The AI chip boom just produced its biggest moment on Wall Street yet. SK Hynix, a South Korean memory chip giant, said on Friday that it had raised $26.5 billion (KRW 40 trillion) in its US market debut. SK Hynix sold 177.9 million American depositary shares (ADRs) at $149 each, structured so that American investors
In a bid to reduce its GPU costs amid an unprecedented component shortage, Meta is on track to begin manufacturing the latest versions of its AI-specific chip in September, Reuters reported, citing an internal memo. At least one chip passed its testing phase in about six weeks, according to the memo. Meta is working with
