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Latest News In AI Chips - AI Meets Blockchain Highlighted At Malaysia's Technological Innovation Event
Reviewed by Simply Wall St
Recent developments in AI chip technology were highlighted during Malaysia Blockchain Week, where the potential integration of AI and Web3 technologies was a focal point. The event attracted over 3,300 participants from various countries, showcasing Malaysia's efforts to become a center for blockchain innovation. Discussions centered around improving blockchain interoperability and lowering entry barriers for everyday users, with an emphasis on practical use cases and culturally diverse ecosystems. Bitget Wallet, among other participants, highlighted the pragmatic shift from speculative cryptocurrency ventures to building robust infrastructure, marking an essential trend in the technological landscape.
In other market news, Renesas Electronics (TSE:6723) was trading firmly up 3% and ending the day at ¥1,881. In the meantime, Advantest (TSE:6857) softened, down 8.8% to close at ¥10,480.
Best AI Chip Stocks
- Advanced Micro Devices (NasdaqGS:AMD) settled at $166.47 up 2.7%, close to the 52-week high.
- NVIDIA (NasdaqGS:NVDA) settled at $173.50 down 0.1%, not far from its 52-week high.
- ASML Holding (ENXTAM:ASML) ended the day at €604.90 down 1.8%.
Summing It All Up
- Access the full spectrum of 56 AI Chip Stocks including Advanced Micro-Fabrication Equipment China, Credo Technology Group Holding and Micron Technology by clicking on this link.
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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
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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