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Cerebras unveiled its new CS-4 AI system, claiming up to 30X faster inference than Nvidia GPUs as it targets the AI inference market.
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Cathie Wood's Ark Invest added to positions in Broadcom, Cerebras Systems, and Cloudflare on Wednesday, taking advantage of market pullbacks. All three stocks have declined 14-53% from recent all-time highs but show strong revenue growth and business fundamentals, with Broadcom expected to report 85% revenue growth and Cerebras showing 74% growth despite customer concentration concerns.
Read original at the-motley-foolLi Auto says its in-house chips and batteries are about following Apple and Huawei—not replacing Nvidia or CATL.
Read original at benzingaRaymond James says Nvidia could reach $1 trillion in annual sales by fiscal 2029 as AI demand stays strong and supply constraints ease.
Read original at benzingaCitigroup analyst Atif Malik maintains NVIDIA (NASDAQ:NVDA) with a Buy and raises the price target from $300 to $315.
Read original at benzingaNvidia doubled its supply commitments to $279 billion, primarily for memory procurement, to secure components for the next several years of AI demand. While gross margins will compress to 71-72% in Q4 fiscal 2028 as the company absorbs memory cost increases, management expects margins to recover to 72-73% in fiscal 2028 as price increases take effect. Despite near-term margin pressure, the company's strong revenue growth (89% YoY guidance) and reasonable valuation support a positive long-term outlook.
Read original at the-motley-fool