Previous Close | 540.42 |
Open | 540.42 |
Bid | 433.15 |
Ask | 440.55 |
Strike | 365.00 |
Expire Date | 2024-06-21 |
Day's Range | 540.42 - 540.42 |
Contract Range | N/A |
Volume | |
Open Interest | 1.68k |
A group of Chinese chip companies led by Huawei Technologies and backed by the country's government aims to produce high-bandwidth memory (HBM) semiconductors, a key component in AI chips by 2026, The Information reported on Thursday. The project, part of China's efforts to provide home-grown alternatives to Nvidia's AI chips, started last year and includes Fujian Jinhua Integrated Circuit, a memory chip maker under U.S. sanctions along with Huawei, according to the report. The group also relies on other Chinese chip producers and packaging technology developers and it will work to tailor its memory chips to Huawei-designed AI processor chips and supporting motherboard components, the report said.
Vertiv, Nvidia and Advanced Micro Devices are part of the Zacks Investment Ideas article.
The rally attempt paused Wednesday as Nvidia reversed lower. Meta, Chipotle and ServiceNow led key earnings late.