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This Week In AI Chips - Revolutionizing Cooling to Boost AI Chip Performance
Reviewed by Simply Wall St
Recent advancements in AI chip technology have highlighted the critical importance of effective cooling solutions as a means to overcome computational power bottlenecks. Corintis has announced a $24 million Series A funding round aimed at tackling these challenges through innovative microfluidic cooling technology. Their collaboration with Microsoft has yielded a significant breakthrough, achieving a threefold improvement in chip cooling efficiency compared to existing solutions. This development underscores the essential role of advanced cooling technologies in enhancing the performance and accessibility of next-generation AI chips. As the demand for powerful computing continues to surge, effective cooling systems like those developed by Corintis are poised to address the thermal constraints that limit AI advancements.
In other trading, Intel (NasdaqGS:INTC) was trading firmly up 8.9% and ending trading at $33.99, near its 52-week high. This week, Intel announced a partnership with Trust Stamp to enhance AI-driven biometric authentication capabilities using its Xeon Scalable Processors and OpenVino technology. Meanwhile, Kioxia Holdings (TSE:285A) lagged, down 10.6% to end the day at ¥4,370.
Best AI Chip Stocks
- ASML Holding (ENXTAM:ASML) settled at €811.70 up 0.5%, not far from its 52-week high.
- NVIDIA (NasdaqGS:NVDA) ended the day at $177.69 up 0.4%, close to the 52-week high. On Friday, Hitachi announced a partnership utilizing NVIDIA's AI Factory architecture for a global AI Factory aimed at advancing AI solutions across various sectors.
- Advanced Micro Devices (NasdaqGS:AMD) finished trading at $161.27 up 0.2%. This week, AMD expanded its collaboration with Cohere to enhance AI offerings and integrate Cohere's platform into its internal AI endeavors.
Next Steps
- Jump into our full catalog of 71 AI Chip Stocks, which includes LONGi Green Energy Technology, Micron Technology and Renesas Electronics, here.
- Ready To Venture Into Other Investment Styles? The end of cancer? These 29 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer's.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:NVDA
NVIDIA
A computing infrastructure company, provides graphics and compute and networking solutions in the United States, Singapore, Taiwan, China, Hong Kong, and internationally.
Exceptional growth potential with flawless balance sheet.
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