AI chip toolmaker Advantest hikes full-year profit forecast as DeepSeek roils markets
  • January 28, 2025

AI chip toolmaker Advantest hikes full-year profit forecast as DeepSeek roils markets

Japan's Advantest on Wednesday hiked its full year operating profit forecast by 37% due to strong demand for its testing tools for chips used in artificial intelligence tasks. "As of late, we have seen further growth in tester demand for AI related, high performance semiconductors," CEO Douglas Lefever told an earnings briefing. Operating income in the October-December quarter climbed 158% to 69.2 billion yen.

Mobile AI Apps Are Now a $2 Billion Market Led by ChatGPT
  • January 28, 2025

Mobile AI Apps Are Now a $2 Billion Market Led by ChatGPT

(Bloomberg) -- OpenAI’s ChatGPT is leading a major surge in spending on artificial intelligence apps and services on smartphones.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingThe seminal chatbot has grossed $529 milli

India’s IPO Boom Is Defying the Stock Market’s Historical Slump
  • January 28, 2025

India’s IPO Boom Is Defying the Stock Market’s Historical Slump

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingIndia’s newest st

Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street's darling
  • January 28, 2025

Nvidia faces a reckoning as Chinese upstart raises questions about Wall Street's darling

The superstar run for Nvidia’s stock the last few years has been astonishing. Mostly known only in gaming and crypto circles a few years ago, Nvidia burst into the zeitgeist after seeing its sales surge because customers wanted its chips to train their chatbots and other artificial intelligence products. Nvidia became a household name as its stock more than tripled in 2023 and then more than doubled in 2024.