News
AI drives demand for chips across multiple industries
AI revolutionises industrial infrastructure, boosting chip demand across diverse sectors including data centres, automotive, and consumer electronics
AI revolutionises industrial infrastructure, boosting chip demand across diverse sectors including data centres, automotive, and consumer electronics
– AI’s growth drives higher semiconductor demand across sectors like data centres and consumer electronics.
– Supply chain challenges arise, influenced by smart cities, healthtech, and government initiatives like the CHIPS Act.
The chip supply chain faces notable challenges, particularly in areas beyond training and inference. Current market pressures are prompting a reevaluation of how AI impacts demand in sectors like automotive and consumer goods.
Chip Demand
Factors influencing this increased demand include the rise of smart cities and advancements in healthtech and robotics. Government initiatives, such as the CHIPS Act, play a crucial role in defining supply-chain dynamics.
Companies expected to thrive in this environment include NVIDIA, AMD, and Broadcom. Additionally, investors are advised to keep an eye on emerging firms like Allegro MicroSystems and Axcelis Technologies.
News
Poland downs Russian drones amid airspace breach
Poland intercepted suspected Russian drones, sparking emergency meetings and military readiness amid tensions over Ukraine’s conflict.
Poland intercepted suspected Russian drones, sparking emergency meetings and military readiness amid tensions over Ukraine’s conflict.
Poland has intercepted suspected Russian drones that entered its airspace during an attack on Ukraine.
Prime Minister Donald Tusk called the incident an act of aggression, prompting emergency meetings, heightened military readiness, and a temporary closure of Polish airports.
NATO leaders are preparing to meet and discuss possible collective action.
#Poland #Russia #NATO #UkraineWar #Geopolitics #TickerNews
News
Oracle stock surges, pushing Ellison toward richest title
Oracle shares soar 43%, pushing Larry Ellison closer to top billionaire status amid AI cloud contract boom
Oracle shares soar 43%, pushing Larry Ellison closer to top billionaire status amid AI cloud contract boom
– Oracle shares rose 43% to $345.69, nearing a trillion-dollar valuation after multi-billion-dollar contracts were announced.
– Co-founder Larry Ellison’s net worth increased to $392.6 billion, making him a contender for the world’s richest person.
The surge boosts co-founder Larry Ellison’s net worth to approximately $392.6 billion, making him a contender for the world’s richest person, currently held by Elon Musk at $439.9 billion.
Oracle expects to see a market valuation around $913 billion if gains hold, contributing an additional $234 billion.
Market Dynamics
Oracle’s significant contracts include one with OpenAI for about $300 billion in computing power over five years.
The partnership is critical as Oracle aims to expand its market share, currently dominated by Microsoft, Amazon, and Google, which collectively hold 65%.
The company also supports AI startups, including xAI, founded by Musk, affirming its essential role in upcoming large-scale AI infrastructure projects, projected to reach $500 billion.
News
Charlie Kirk has died following shooting at Utah university
Charlie Kirk shot during speech at Utah Valley University as law enforcement investigates the incident
Charlie Kirk shot during speech at Utah Valley University as law enforcement investigates the incident
– Charlie Kirk, conservative commentator, was shot during a speech at Utah Valley University on Wednesday.
– Authorities are investigating the incident, with the community showing strong support for Kirk.
Charlie Kirk, a prominent conservative commentator, has died after he was shot while speaking at Utah Valley University on Wednesday.
The incident occurred around noon local time, with video footage circulating on social media showing the moment shots were fired.Kirk is the founder and CEO of Turning Point USA, a significant conservative youth organisation active across 3,500 college campuses.
He has been influential on the right and is known for his podcast and “Prove Me Wrong” debates.
Kirk, 31, also played a key role in Donald Trump’s outreach to young voters during the 2024 election.
The university, located in Orem, Utah, is home to over 46,000 students, making it the largest in the state.
Ongoing Updates
Authorities are actively investigating the shooting, and further developments are expected.
Community response has been strong, with calls for prayers and support for Kirk following the incident.
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