Key Nvidia Supplier Warns AI Spending Slowdown May Trigger 'Vicious' Downturn For Chipmakers

Benzinga03:11 ET

The "quantum frenzy" in the U.S. stock market continues, and "quantum NVIDIA" RGTI rises another 36%!

NVIDIA's Rigetti Computing in the quantum computing field has increased nearly 1600% this year, and analysts indicate that this exciting surge highlights the market's confidence in quantum computing becoming a transformative force across industries. Experts predict that its potential for efficiently solving complex problems and computational capabilities will further expand in the future.

wallstreetcn02:08 ET

The biggest winners in the US stock market technology sector this year are led by AppLovin, with MSTR, Palantir, and Robinhood all surpassing NVIDIA.

AppLovin successfully transformed into an AI advertising engine, ranking first among technology stocks with an astonishing increase of 758%. Additionally, MicroStrategy's bets on Bitcoin, Palantir's AI-enhanced data analysis, and Robinhood's booming cryptocurrency trading business achieved increases of 467%, 380%, and 210%, respectively, surpassing NVIDIA.

wallstreetcn19:53 ET

12 Communication Services Stocks Moving In Thursday's Pre-Market Session

Benzinga16:05 ET

What to do about the slowdown in chip demand for Datacenters? NVIDIA suppliers: AI smartphones will take over.

Against the backdrop of a potential slowdown in global Datacenter investment, the Semiconductors Industry faces new challenges. However, on Thursday, the CEO of Advantest, a leading global chip testing equipment supplier, pointed out that the demand for AI Smart Phones is seen as a new growth point for the industry, which is expected to help the industry avoid falling into recession. Currently, the demand for AI phones is not large, and some Analysts predict that existing AI features may not be sufficient to stimulate a large-scale upgrade among Consumers.

wallstreetcn14:23 ET

Deere's Options: A Look at What the Big Money Is Thinking

Benzinga12:45 ET