Shares of Super Micro Computer (SMCI) saw a sharp decline as the company decided not to pre-announce its first-quarter results. This drop comes amidst a sector-wide correction in the semiconductor industry. According to Bernstein Managing Director and Senior Analyst Stacy Rasgon, the chip sector, excluding AI, has not been performing well.
Various segments of the sector, including automotive, data centers, PCs, and smartphones, have been under pressure, along with disappointing earnings from major players. Rasgon also mentions that the stocks have held up remarkably despite revisions, suggesting a delayed reaction.
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Shares of Snap Inc., the parent company of Snapchat, jumped 18% in premarket trading on Thursday after announcing a strategic $400 million partnership with AI startup Perplexity AI.
Capital investment in artificial intelligence (AI) contributed over one percentage point to U.S. economic growth in the first half of 2025, overtaking consumer spending as the main growth driver.
In the rapidly changing digital marketing arena, artificial intelligence (AI) is revolutionizing efficiency and personalization.
In today’s rapidly evolving digital landscape, the demand for high-quality video content is surging, making efficient video compression technologies increasingly vital.
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