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Arm forecast beats estimates as AI spurs chip upgrades, shares surge

(Reuters) -Arm Holdings surged more than 30% on Wednesday after the British tech company forecast fiscal fourth-quarter sales and adjusted profit above Wall Street expectations as customers aim to design new chips for artificial intelligence work, generating higher royalties. Arm's forecast ranges for its fourth quarter had midpoints of $875 million for sales and 30 cents per share for adjusted earnings, above estimates of $780.3 million and 21 cents per share, according to LSEG data. Arm...
San Francisco United States United Kingdom Stephen Nellis Arsheeya Bajwa Bob Odonnell
Source: yahoo.com

Apple can temporarily sell smartwatches after US appeals court win

(Reuters) -Apple can for now resume sales of its flagship smartwatches, after a U.S. appeals court on Wednesday paused a government commission's import ban on the devices imposed in a patent dispute over its medical monitoring technology. The tech giant had filed an emergency request asking the U.S. Court of Appeals for the Federal Circuit to halt an order from the U.S. International Trade Commission (ITC), which had ruled that Apple had infringed on Irvine, California-based Masimo's p...
United States New York San Francisco Chizu Nomiyama Blake Brittain Stuart Cole
Source: aol.com

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Nvidia in talks with Malaysia's YTL on data centre deal -sources

KUALA LUMPUR -Malaysian conglomerate YTL's utilities unit said on Friday it would partner with U.S technology giant Nvidia to develop artificial intelligence (AI) infrastructure in the Southeast Asian country. The first phase is expected to be operational by mid-2024, YTL Power International said in a statement. Reuters exclusively reported earlier on Friday, citing sources, that Nvidia and YTL were in advanced talks to partner over AI infrastructure, with the project to be hosted at a data...
Kuala Lumpur Jensen Huang Yantoultra Ngui Fanny Potkin Max Cherney Gerry Doyle
Source: aol.com

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