Broadcom’s latest challenge to Nvidia is not another processor designed to replace its market-leading GPUs. It targets the network that enables thousands of those processors to operate as a single computing system. DriveNets on July 1 unveiled two AI-networking platforms built around Broadcom’s Tomahawk 6 switch chip. The systems promise faster connections with fewer networking
Financial markets remained volatile heading into the weekend as investors avoided taking large positions amid continued uncertainty surrounding the conflict involving Iran and the United States. Market participants largely stayed on the sidelines, limiting major moves across asset classes. The June labor market report from Canada is expected to be the day’s only major economic
A proposed $110 billion merger between Paramount and Warner Bros. Discovery is facing growing legal scrutiny in the United States, with several states preparing to challenge the transaction over competition concerns. The deal, which would combine two of Hollywood’s largest film studios, has sparked fears that it could reduce consumer choice, eliminate jobs, and give
Ethereum has gradually recovered from weeks of sustained selling pressure, climbing nearly 10% since the beginning of the month. However, the rebound has yet to attract the strong buying activity needed to confirm a broader bullish trend. On-chain metrics suggest investor sentiment is improving, but demand from both retail traders and institutional participants remains relatively
Global investors have placed orders for more than seven times the shares available in SK Hynix’s upcoming American depositary receipt (ADR) offering, Bloomberg and Reuters reported. According to Bloomberg, the offering has attracted strong interest from global long-only funds and technology-focused investors ahead of its expected pricing on Thursday. Around 1,000 institutional investors participated in
Ripple’s XRP has successfully defended the $1.02 support level following the heavy selling pressure on Wednesday. The current market conditions are driven by escalating geopolitical tensions and growing concerns over US monetary policy. XRP has slightly recovered to $1.09. The weakness comes as investors reduce exposure to risk assets amid renewed conflict in the Middle
Microsoft’s warning that the quantum-security clock is moving faster has put a beaten-down quantum stock back on Wall Street’s radar. Quantum Computing Inc. (NASDAQ: QUBT) was trading around $8.75 on Thursday, while an average analyst price target on the stock is $18.33, implying roughly 111% upside current levels. The setup is compelling, but risky, as
Critical minerals stocks are ripping higher this morning on the back of a powerful macro catalyst: unprecedented direct US military-industrial integration. On July 7th, the US Army said it has selected REalloys (ALOY) to build and operate the first-ever commercial critical mineral processing facility directly on a US military installation. This notable escalation of the
Ethra Ship is seeking to bring maritime assets onto blockchain after spending several years building a shipping business before launching its digital asset infrastructure. The project is taking an approach that differs from many crypto projects that begin with token issuance before developing an underlying business. The project started in 2021 with the creation of
Cloudflare Inc. (NET) shares climbed 7% on Tuesday after Scotiabank upgraded the cloud infrastructure and cybersecurity company, citing growing confidence in its long-term role in artificial intelligence infrastructure and raising its price target on the stock. The brokerage upgraded Cloudflare to Sector Outperform from Sector Perform and increased its price target to $300 from $225,