Tesla Records Highest Single-Day Gain Since 2013, Soars 21.92%

October 25, 2024 – Tesla’s stock price surged by 21.92% on October 24th, marking the company’s largest single-day gain since May 2013. The stock closed at 260.48pershare,withamarketvalueincreaseofapproximately150 billion overnight. This significant jump in Tesla’s share price was primarily driven by the impressive financial results announced by the company on Wednesday. In the third quarter of…

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Intel Spins Off FPGA Business as New Independent Company ‘Altera’ to Bolster AI and Edge Capabilities

March 01, 2024 – In a significant move, Intel has announced the formation of a wholly-owned and independently operated FPGA company, “Altera,” following the establishment and independent accounting of Intel Foundry. Known for inventing the world’s first programmable logic device, particularly renowned for its FPGA technology, Altera was acquired by Intel in 2015 for $16.7…

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Samsung Readying Enhanced HBM3E Memory for Major Clients’ Next-Gen AI GPUs

November 01, 2024 – During the 2024Q3 earnings call, Kim Jae-june, Vice President of Samsung Electronics’ Memory Business Division, confirmed that the company is preparing optimized and improved versions of HBM3E memory for the next-generation AI GPUs of multiple key clients. Previously, reports had suggested that Samsung Electronics’ HBM3E business was being hindered by 14nm-class…

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