Nvidia is once again showing how central it has become to the artificial intelligence boom. The company forecast second-quarter revenue of $91 billion, plus or minus 2 percent, beating Wall Street expectations of $86.84 billion. Alongside the strong outlook, Nvidia announced an $80 billion share buyback program and raised its quarterly cash dividend from 1 cent per share to 25 cents. Even with those major announcements, Nvidia’s shares slipped in extended trading, showing tha

Qualcomm’s stock took a sharp hit as the semiconductor sector pulled back from a powerful artificial intelligence-driven rally. Shares of Qualcomm dropped more than 11%, marking the company’s worst trading session since 2020. The decline came as investors moved away from riskier growth stocks after a hotter-than-expected inflation reading raised concerns about interest rates and market valuations. The selloff also affected several other chip companies, with Intel falling 7%,

Intel is making a significant push into the portable gaming market with the announcement of a new handheld gaming platform that includes a dedicated chip designed specifically for handheld devices. The news was shared during CES by Daniel Rogers, Intel’s vice president and general manager of PC Products, signaling the company’s intention to expand beyond traditional gaming PCs and deepen its presence in gaming hardware. This new platform will combine both hardware and softwa