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AI Chips Update - Boosting Data Centers Powering AI Innovations
Reviewed by Simply Wall St
Recent developments in AI chip technology are being highlighted by the three-year agreement signed by Alliance Cloud Services, a subsidiary of Hyperscale Data, Inc., to enhance its Michigan Data Center. The agreement involves a Silicon Valley-based cloud services provider utilizing high-density server cabinets, showcasing the cutting-edge cooling and power solutions necessary for modern AI applications. This initiative marks a significant advancement in data center capabilities, underscoring the growing demand for infrastructure that supports sophisticated computing tasks.
In other market news, Arm Holdings (NasdaqGS:ARM) was a standout up 10% and finishing the session at $141.08. Meanwhile, Giga Device Semiconductor (SHSE:603986) trailed, down 3.5% to end the day at CN¥99.54.
Best AI Chip Stocks
- NVIDIA (NasdaqGS:NVDA) settled at $144.47 up 4.5%. Three days ago, NVIDIA expanded its collaboration with Cerence to enhance in-car AI language models using its AI Enterprise platform.
- Advanced Micro Devices (NasdaqGS:AMD) settled at $125.37 up 3.9%.
- ASML Holding (ENXTAM:ASML) finished trading at €688.00 down 0.3%.
Make It Happen
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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
Provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally.
Exceptional growth potential with flawless balance sheet.