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Qualcomm forecasts quarterly profit above estimates, shares rise - Vimarsana News

Qualcomm forecasts quarterly profit above estimates, shares rise

(Reuters) -Qualcomm on Wednesday forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations but investors were concerned about the chip maker's Android sales in China. The sales outlook reflects interest in new Qualcomm chips with features designed to help run chatbots, image generators and other artificial-intelligence features directly on a device instead of in cloud computing data centers. Qualcomm executives told analysts on a conference call that after a flurry of making new chips for Android phones released at the end of l...

Source: yahoo.com
Intel forecasts quarterly revenue below estimates, stock falls, ET Telecom - Vimarsana News

Intel forecasts quarterly revenue below estimates, stock falls, ET Telecom

In an interview, Chief Executive Officer Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye. Intel no longer gives full-year financial forecasts, but Gelsinger said the company has $2 billion worth of orders for its AI chips and expects better sales later in the year.

Google Cloud partners with Hugging Face to attract AI developers - Vimarsana News

Google Cloud partners with Hugging Face to attract AI developers

The cloud computing arm of Alphabet Inc said on Thursday it had formed a partnership with startup Hugging Face to ease artificial intelligence software development in the company's Google Cloud. ...

Intel forecasts quarterly revenue below estimates, stock falls - Vimarsana News

Intel forecasts quarterly revenue below estimates, stock falls

(Reuters) -Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets. Intel forecast first-quarter profit of 13 cents a share, excluding one-time items. In an interview, Chief Executive Officer Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye.

Source: yahoo.com
Intel forecasts quarterly revenue below estimates, stock falls - Vimarsana News

Intel forecasts quarterly revenue below estimates, stock falls

(Reuters) -Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets. Intel forecast first-quarter profit of 13 cents a share, excluding one-time items. In an interview, Chief Executive Officer Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore bus

Source: aol.com