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Artificial-intelligence startup Etched said on Tuesday it has raised $120 million in a series-A funding round that the company plans to use to further develop its specialized chip. Nvidia dominates the market for server AI chips, capturing roughly 80% of sales, according to estimates. Nvidia’s general-purpose AI chips are capable of handling a range of computing applications, but can use more energy than processors designed to perform specific functions.
We recently published a list of the Big Tech Funds are Buying These 10 AI Stocks. Since Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) ranks 7th on the list, it deserves a deeper look. As mega-cap technology stocks continue to soar to new highs, the number of Wall Street analysts highlighting the “concentration of gains” problem are increasing. […]
ASML stock etches a fresh buy point as it unveils a new innovation lab, and chip partners like Intel and TSMC expand production.