Stockonomics Archives - Page 9 of 15

July 4, 2024September 12, 2025

Nasdaq and S&P 500 both hit new highs as markets close early for U.S. Independence Day!

The S&P 500 reached new heights in a shortened trading session on Wednesday 3rd July 2024, with investors seemingly dismissing lacklustre economic data.

The S&P 500 closed at a new high of 5537, while the Nasdaq Composite finished the session at 18188, buoyed by rallies in technology and AI stocks like Tesla and Nvidia. Both indices reached new all-time highs during the session and closed at record levels.

The Dow Jones Industrial Average lost just closed down at 39308.

Trading volume was subdued as the New York Stock Exchange closed early at 1 p.m. ET. The exchange will remain closed on Thursday 4th July 2024 for Independence Day celebrations.

S&P 500: One-year chart – index closed at a new record high

S&P 500 One-year chart closed at new record high

Nasdaq Composite: One-year chart closed at new record high

July 3, 2024September 12, 2025

Common investing mistakes to avoid

Avoiding common investing and trading pitfalls is crucial. Here are some typical investing errors you should try to avoid.

Warren Buffett wisely cautions against investing in businesses that are not well understood. It is crucial to have a deep understanding of the company, its market sector, the broader industry, and its financial stability before committing to an investment.

Understand your investment

Take time to research whether it be a company, fund, unit trust or savings account. Make sure you understand what you are doing. Not understanding the investment is a massive failing.

Love the company, but resist falling in love with it. An emotional attachment to a specific stock can obscure your judgement. Keep in mind that investing should be a process of making rational decisions based on data, not on personal emotions.

Patience

Successful investing demands patience. Don’t anticipate immediate results; give your investments the necessary time to mature. Resist the urge to frequently check the markets and make hasty uninformed decisions.

Investment turnover

Excessive trading, known as churning, can result in significant transaction fees and tax consequences. It is advisable to adopt a long-term investment strategy and minimize superfluous trades.

Attempting to time the market

Consistently timing the market is a difficult task. Instead, the emphasis should be on the duration of market involvement. Steady contributions and maintaining investments yield benefits in the long-term.

Getting even

Clinging to underperforming investments with the hope of just breaking even can be harmful. It’s crucial to assess each investment on its own merits and be prepared to take losses when needed. Run the winners!

Diversify

Investing all your funds in a single stock or asset class heightens the risk. Mitigate this by diversifying your investments across various asset types, industries, sectors and regions.

Cut emotions

Fear and greed often result in unwise decisions. It’s crucial to remain disciplined, adhere to your investment plan, and resist the urge to make hasty decisions driven by emotions.

You

Always maintain honesty with yourself when investing. Do not persuade yourself of anything other than the FACTS regarding your investment choices!

Keep in mind that investing is a journey where learning from mistakes is an integral part of the experience. By steering clear of these common pitfalls, you’ll set yourself up for greater long-term success.

Spread out your investments. Diversify. Aim for the long term. Remove emotion. Let the winners run. And doe your RESEARCH!

RESEARCH! RESEARCH! RESEARCH!

July 3, 2024September 12, 2025

S&P 500 closes above 5500 for the first time

On 2nd July 2024, the S&P 500 reached a significant milestone, closing above 5500 for the first time in its history.

This impressive achievement has prolonged the blistering rally of 2024, during which the index has reached 32 record highs. Since July 2023, the S&P 500 index has surged by more than 1000 points.

The rise in U.S. equities has been propelled by robust corporate earnings, the artificial intelligence (AI) boom, and the anticipation of interest rate reductions. Although some analysts warn that the market might be stretched too far, others are forecasting additional increases.

Many analysts have now raised their target for the S&P 500 to end the year at around 5700.

One year S&P 500 chart July 2023 to July 2024

July 2, 2024September 12, 2025

Amazon plans discount store to fend off the rise of Temu and Shein

Amazon is reportedly preparing to launch a new store section on its site dedicated to low-priced fashion and lifestyle items.

The move is aimed at competing with e-commerce upstarts Temu and Shein, both of which have ties to China.

The new storefront will offer unbranded products, with numerous items priced below $20. Amazon plans to ship these goods directly from China, targeting a delivery window of round 10 days. This initiative is a strategic move by Amazon to counter increasing competition and broaden its assortment while preserving competitive pricing.

While the precise launch date has not been announced, the storefront is anticipated to begin accepting products in the autumn of 2024.

June 27, 2024September 12, 2025

Amazon achieves a $2 trillion market cap for the first time

During intraday trading on Wednesday 26th June 2024, Amazon’s market capitalisation surpassed $2 trillion.

The company now stands among other tech giants like Nvidia, Apple, Alphabet, and Microsoft, which have also achieved a market cap of over $2 trillion ($3 trillion for in Nvidia Apple and Microsoft).

Amazon’s shares have experienced a significant increase in the past year.

Amazon one year chart from 27th June 2023 – 26th June 2024. Share price: 193.61

June 26, 2024September 12, 2025

Nvidia rebounds after half a trillion market cap slump

To put this figure into some perspective, the loss is comparable to the GDP output of a small country, such as Norway, Singapore, or the UAE, for example.

Global semiconductor stocks experienced volatility on Tuesday following a decline in Nvidia’s shares from the previous trading sessions.

Shares of chip firms in Europe and Asia fell in early trade as investors reacted to Nvidia losing more than $500 billion in market capitalization over three trading days. Some of the stocks recouped losses, however, as shares in the U.S. chipmaking giant recovered around 6 – 6.5% as of Tuesday 25th June 2024.

This follows a significant drop in Nvidia’s share value, which fell 13% over three consecutive sessions from the record highs achieved on Thursday 20th June 2024.

On Monday 24th June 2024, Nvidia’s stock closed down 6.7%, marking its second-largest decline of the year, yet the shares began to recover in early trading on Tuesday 25th June 2024.

Last week, the company surpassed Apple and Microsoft to become the most valuable U.S. company, achieving a market capitalization of over $3.4 trillion. However, by the end of Monday, Nvidia’s market value had declined by more than $540 billion from its intraday record on Thursday 20th June 2024.

Nvidia reported that the demand for its highly sought-after artificial intelligence graphics processing units (GPUs) continues to be strong.

Companies such as Microsoft, Google, Amazon, and Meta are investing billions of dollars in these chips to enhance their data centres and cloud services.

June 25, 2024September 12, 2025

Nvidia slips by 13% in three days after momentarily becoming most valuable company

The Dow Jones Industrial Average gained as investors rotated out of ‘hot’ chip stocks, including Nvidia.

Nvidia shares fell a little under 7% on Monday 24th June 2024, the chipmaker’s third down day in a row. The stock is down 13% from its peak last week.

Other stocks that also experienced drops on Monday were some of the biggest gainers of late due to their exposure to the artificial intelligence (AI) feeding frenzy.

Investors may be taking profits and locking in gains in Nvidia and similar momentum stocks after a number of extremely busy trading months.

June 24, 2024September 12, 2025

Nvidia briefly surpassed the individual stock market values of Germany, France and the UK

The little-known company, Nvidia, now stands alongside Apple and Microsoft in market cap valuation thanks to AI.

In just a little over a year it has all but tripled its market valuation and become a go to investment on Wall Street and around the world.

Nvidia’s market capitalization has recently individually surpassed the total value of the German, French, and U.K. stock markets.

With a market cap exceeding $3.4 trillion, Nvidia now stands above these significant European stock markets in valuation.

June 21, 2024September 12, 2025

S&P 500 breaches 5500 but closes slightly lower as Nvidia pulls back from its meteoric rise

The S&P 500 retreated on Thursday 20th June 2024, having momentarily surpassed the 5500 for the first time ever, as Nvidia, a favourite stock with Wall Street investors, relinquished its earlier gains.

The S&P 500 index fell 0.25% to end at 5473. Earlier in the session, the S&P 500 gained around 0.34% to hit a new all-time high.

S&P 500 one day chart 20th June 2024

The Nasdaq Composite dropped 0.79% to finish at 17721. The Dow Jones Industrial Average (Dow) jumped around 299 points, to close at 39134.

Nvidia lost ground and handed the Market Cap crown back to Microsoft after briefly enjoying the accolade for just 2 days. At one point, Nvidia trimmed around $240 billion off its Market Cap as investors took profits.

Will Nvidia regain the crown in the coming weeks? Probably.

Nvidia one day chart 20th June 2024

June 21, 2024September 12, 2025

Anthropic releases its most powerful AI Chatbot

Anthropic, a rival to OpenAI, unveiled Claude 3.5 Sonnet on Thursday, touting it as their most advanced AI model to date.

Claude has joined the ranks of widely used chatbots such as OpenAI’s ChatGPT and Google’s Gemini. Founded by former OpenAI research leaders, Anthropic has secured backing from major tech entities like Google, Salesforce, and Amazon. Over the past year, the company has completed numerous funding rounds, reportedly amassing approximately $7.3 billion.

The announcement comes after Anthropic introduced its Claude 3 series of models in March, followed by OpenAI’s GPT-4o in May 2024. Anthropic has stated that Claude 3.5 Sonnet, the initial model from the new Claude 3.5 series, surpasses the speed of its predecessor, Claude 3 Opus.

“It shows marked improvement in grasping nuance, humour, and complex instructions, and is exceptional at writing high-quality content with a natural, relatable tone,” the company said in a blog post.

It can also write, edit and execute code in a real time workspace open for the user to engage.

June 20, 2024September 12, 2025

The unloved stock market rally: exploring why many investors are hesitant to embrace this record-breaking run

The unloved rally: A paradox

The S&P 500 and Nasdaq have been reaching all-time highs with remarkable frequency, notching nearly thirty record days in 2024, including four in the past week. Despite this stellar performance, a considerable number of investors remain hesitant. Let’s explore the reasons behind this paradox.

Lingering recession fears

The recollection of the 2022 bear market continues to trouble investors. The swift escalation of monetary policy by the Federal Reserve at that time generated widespread uncertainty and apprehension. This has led many investors to maintain a cautious stance, concerned that the past may repeat, even amidst a surging market. Maybe less of us expected the AI driven stock buying frenzy to scale such highs so quickly?

Scepticism

Investors are inherently sceptical. Amidst a relentless market rally, uncertainty emerges. Can this be sustained? Is a correction looming? This scepticism may hinder investors from wholeheartedly participating in a bull market, despite what the statistics indicate.

Emotional baggage

Investment isn’t solely a game of numbers; it’s equally a matter of emotions (although it shouldn’t be). Investors bearing the scars of past losses may find their emotional baggage weighing heavily on their decisions. The fear of experiencing another market crash can cloud rational judgement, leading them to forgo opportunities for potential gains.

The ‘easy money’

The stock market’s significant rise from the lows of 2022 has convinced some that the phase of ‘easy money’ is over. Investors who did not capitalize on the early stages of the rally might think they have missed out, causing hesitation to engage fully. That’s where I am right now – but waiting for a ‘pullback’.

Navigating the dilemma

For individuals caught between caution and the fear of missing out (FOMO), the following strategies could be considered.

Diversification

Distribute your investments among various asset classes. Diversification serves to reduce risk and acts as a safeguard against the unpredictability of the market.

Long-term perspective

Keep in mind that investing is akin to a marathon, not a sprint. It’s important to concentrate on long-term objectives instead of short-term market movements.

Education

Inform yourself about market cycles, historical patterns, and the effects of monetary policy. This should empower more informed decision-making.

Professional advice

Consult a financial advisor who can guide you based on your individual circumstances and risk tolerance.

Conclusion

The current stock market rally, though not widely embraced, offers both opportunities and challenges. Investors are tasked with finding the right balance between exercising caution and capitalizing on potential growth. As the market climbs, it’s essential to be aware of our biases and emotions. Only then can we approach the rally with a more informed viewpoint.

Disclaimer: This article provides general insights and should not be considered personalised financial advice. Always consult a professional before making investment decisions.

Remember: Always do your own diligent and careful research.

RESEARCH! RESEARCH! RESEARCH!

June 19, 2024September 12, 2025

Nvidia passes Microsoft in market cap – should investors be concerned about the meteoric rise?

Nvidia, traditionally recognised within the gaming community for its graphics chips, has become the world’s most valuable publicly traded company.

On Tuesday 18th June 2024, Nvidia’s shares rose by 3.6%, increasing its market cap to $3.34 trillion and overtaking Microsoft, now valued at $3.32 trillion. Earlier in the month, Nvidia’s valuation reached $3 trillion for the first time, surpassing Apple.

Nvidia $3.34 trillion market cap

So far this year, Nvidia’s shares have surged over 170% and saw further gains after announcing first-quarter earnings in May 2024. Since the close of 2022, the stock has increased more than ninefold, paralleling the rise of generative artificial intelligence.

Apple’s shares dropped by 1.1% on Tuesday, resulting in a market value of $3.29 trillion for the tech giant.

Nvidia commands roughly 80% of the market share for AI chips in data centres, a sector that has expanded rapidly as companies like OpenAI, Microsoft, Alphabet, Amazon, and Meta have competed to acquire the necessary processors for constructing AI models and managing growing workloads.

In the latest quarter, Nvidia’s data centre business saw a 427% increase in revenue from the previous year, reaching $22.6 billion and comprising approximately 86% of the company’s total sales.

Established in 1991, Nvidia initially focused on hardware, selling gaming chips for running 3D games. The company has also ventured into cryptocurrency mining chips and cloud gaming services.

However, in the last two years, Nvidia’s stock has soared as investors recognised its pivotal role in the AI boom, a trend that continues to accelerate. This surge has increased the net worth of co-founder and CEO Jensen Huang to an estimated $117 billion, ranking him as the 11th richest individual globally, according to Forbes.

But is the rise too fast and is it time for a share price valuation adjustment in its meteoric rise, to bring it back down to Earth?

Nvidia share price one year chart 18th June 2024

June 18, 2024September 12, 2025

Nvidia to get 20%+ weighting as ETF fund reportedly plans to acquire $10 billion of shares

Nvidia’s swift ascent is poised to prompt a major technology exchange-traded fund to acquire more than $10 billion in shares of the semiconductor maker, consequently reducing its shareholding in Apple.

The Technology Select Sector SPDR Fund (XLK), which will rebalance soon, is guided by an index that will adjust based on the market cap value at Friday’s close. According SPDR Americas Research, the recalibration will reportedly position Microsoft as the leading stock, followed by Nvidia, and then Apple.

Without caps, each of the three stocks would exceed a 20% weight in the index. However, the index’s diversification rules restrict the total weight that stocks constituting at least a 5% share of the fund can hold.

Consequently, it is anticipated that Microsoft and Nvidia will each approach a 21% weight, while Apple’s share is projected to drop to approximately 4.5%.

This news moved markets on 17th June 2024 and pushed the S&P 500 to a new all-time high. The Nasdaq100 index also relished the news reaching: 19902.75

Nvidia share price 17th June 2024 – one year chart

June 18, 2024September 12, 2025

New all-time highs for S&P 500 & Nasdaq

The S&P 500 climbed on Monday 17th June 2024, closing at a new record high aided by the substantial weighted rebalancing of an ETF.

The index concluded at 5473, while the Nasdaq Composite soared to 17857. The Dow Jones Industrial Average gained 188.94 points, finishing at 38778.

These gains occurred after XLK announced it was rebalancing its fund in favour of Nvidia. The major technology exchange-traded fund will get 20% weighting and billions in investor demand it was announced.

S&P 500 500 reaches another all-time high of 5473 on 17th June 2024

June 15, 2024September 12, 2025

Nasdaq Composite narrowly secured its fifth consecutive record close

On Friday 14th June 2024, the Nasdaq Composite edged up to close at a record high for the fifth consecutive session.

Nasdaq Comp hits fresh record high for the fifth consecutive session

The tech-centric index rose slightly by 0.12%, finishing at 17688. The S&P 500 dipped slightly to close at 5431 and ending its four-day streak of gains.

The Dow Jones Industrial Average fell by 57.94 points, closing at 38589.

June 14, 2024September 12, 2025

Elon Musk suggests Optimus robots could make Tesla a $25 trillion company – that’s more than half the current value of the S&P 500

It has been calculated that the S&P 500’s total value is currently $45.5 trillion. Tesla’s CEO, Elon Musk, claimed on Thursday 13th June 2024 that the company’s Optimus humanoid robots could potentially raise the automaker’s value to over half of that amount.

During the 2024 annual shareholder meeting in Austin, Texas, Musk, who reportedly identifies as ‘pathologically optimistic,’ declared that Tesla is not just entering a ‘new chapter,‘ but is on the brink of beginning an entirely ‘new book,’ with Optimus poised to play a pivotal role.

Tesla initially revealed its intention to develop humanoid robots at the AI Day event in 2021, showcasing a performer in a unitard as a stand-in for a sleek, gender-neutral robot prototype.

Musk’s vision

At the shareholder meeting, Musk was reserved about Optimus’ present capabilities. He suggested that, in the future, these robots could operate in a manner akin to Star Wars’ R2-D2 and C-3PO, undertaking tasks such as cooking, cleaning, factory work, or even teaching children.

In terms of shareholder value, Musk speculated that Optimus might play a key role in boosting Tesla’s market capitalization to $25 trillion eventually. No time scale was put forward.

And, don’t forget about the development of the robot taxi and of the fully autonomous vehicle.

June 14, 2024September 12, 2025

S&P 500 and Nasdaq continue to push higher after another all-time high record

Both the S&P 500 and the Nasdaq Composite each hit yet another all-time high on 13th June 2024. The S&P 500 notching fresh records for the last four consecutive days.

S&P 500 closed at another new all-time high on 13th June 2024

Nasdaq Composite closed at another new all-time high on 13th June 2024

17,667.56 USD – Up 59.12 on the day

Tech led AI frenzy feed the new moves to all-time highs!

June 13, 2024September 12, 2025

Nasdaq and S&P 500 hit new all-time highs as Fed feeds scraps to the AI frenzy!

The S&P 500 soared to a new high, surpassing 5400 for the first time on Wednesday 12 June 2024, following the Federal Reserve’s latest policy statement and the May 2024 inflation report, which suggested a softening of inflationary pressures.

The S&P 500 index rose by 0.85%, closing at around 5421 while the Nasdaq Composite advanced 1.53%, finishing at 17608.

Both the S&P 500 and Nasdaq reached unprecedented levels and set closing records on Wednesday 12th June 2024. Conversely, the Dow Jones Industrial Average marginally declined by 0.09%, or around 35 points, to settle at 38712.

S&P 500 at new all-time high 12th June 2024

Nasdaq Composite at new all-time high 12th June 2024

The Federal Reserve maintained the interest rates, aligning with widespread expectations. The Fed also acknowledged some progress on inflation. Modest further progress has been made toward the Committee’s 2% inflation goal and this was more than enough coupled with the recent jobs report to push U.S. markets even higher.

A tiny glimpse of the ‘2% inflation future’ was all it took to send markets on an AI led feeding frenzy to push the S&P 500 and Nasdaq to new all-time highs.

One caveat though, the Fed’s recent forecasts predict only one rate reduction this year, a decrease from the three rate cuts anticipated earlier in 2024.

It was enough to propel markets to fresh all-time highs!

June 12, 2024September 12, 2025

Apple’s stock reaches a record high following the unveiling of its AI software

Apple’s shares reached a new record high of approximately $207 per share on Tuesday 11th June 2024, surpassing the previous record set in December.

At its annual developer conference on Monday 10th June 2024, the company launched its highly anticipated venture into AI. Apple is playing catch-up in the AI race and this announcement cheered its loyal followers.

Analysts predict that the introduction of new AI features will prompt consumers to update their devices, as these features are exclusive to the latest models.

This is the perfect business model – new products driven by new features, this time it’s ‘AI’ for Apple Intelligence. I wish I thought of it – ‘A‘ for Apple and ‘I‘ or Intelligence. Not just any intelligence, this is Apple intelligence.

So, now we have Apple AI – let’s see what Apple’s version of AI really is.

Apple share price one year chart hitting $207 on 11th June 2024

June 12, 2024September 12, 2025

S&P 500 and Nasdaq close at new all-time highs again

The S&P 500 and Nasdaq Composite reached new closing highs on Tuesday 11th June 2024, propelled by Apple as the tech giant’s stock hit a record itself.

The S&P 500 index climbed to a new high to close at 5375, while the Nasdaq Composite finished the day at 17343. Both indices also hit new intraday highs. However, the Dow Jones Industrial Average fell by around 120 points to close at 38747.

S&P 500 reaches new all-time high on 11th June 2024

Nasdaq Composite hits new all-time high on 11th June 2024

Investors seemed to be cashing in on Nvidia, a leader in artificial intelligence, and shifting focus to Apple, which recently introduced new features likely to drive a surge in iPhone upgrades.

Apple’s stock reached a new high during the trading session, its first since December 2023, with around a 7% increase. Nvidia’s stock declined by 0.7% as some profit taking ensued.

June 11, 2024September 12, 2025

Apple finally now has AI and it’s called: Apple Intelligence (AI)

Apple has entered the artificial intelligence race with the announcement of its version of AI – Apple Intelligence on Monday 10th June 2024, in its attempt to catch up in the AI race.

Reportedly to use it on your phone, you’ll need at least the high-end iPhone 15 Pro from this year’s lineup.

According to Apple’s website, Apple Intelligence will also be compatible with devices equipped with the M1 chip, including the iPad Air, iPad Pro, and Macs.

Apple Intelligence, set to launch in beta this autumn, will offer a variety of features. It will be able to proofread and rewrite your text in different tones, create personalized emojis known as ‘Genmoji,‘ and search for specific messages on your iPhone.

Additionally, it will summarize and transcribe phone calls, manage priority notifications, and integrate OpenAI’s ChatGPT for enhanced Siri responses.

Nothing new here then, just AI features already available elsewhere. Hopefully it will have a decent Apple AI make-over when it finally and fully arrives across all Apple products and platforms.

Apple isn’t leading in AI… yet – it’s just following for now!

June 11, 2024September 12, 2025

Raspberry Pi tech IPO to raise £166 million in London listing debut

The British computing startup Raspberry Pi is aiming to raise £166 million ($211.2 million) from its initial public offering in London on Tuesday 11th June 2024.

The company, known for its compact single-board computers, has set its share price at 280 pence each. Conditional dealing of Raspberry Pi shares will commence on Tuesday, allowing specific investors, such as institutional buyers, to begin trading.

Based on the pricing of its shares, the company is valued at around £542 million.

This is a rare win for London’s stock exchange which has struggled to attract technology listings in recent time, losing out to the U.S.

In early morning trading Tuesday 11th June 2024 – Raspberry Pi shares climbed over 30%

June 7, 2024September 12, 2025

Is this German chipmaker about to gain more traction in the AI race

While Nvidia continues to dominate the AI chip market headlines, Infineon, a German semiconductor company, is also making waves.

Infineon is capitalizing on the AI surge, aiming to generate billions in revenue through the sale of premium chips.

As AI applications proliferate, encompassing data centre servers and integrated chipsets for PCs and mobile devices, the demand for AI chips is skyrocketing. This trend has only one direction, and that is up.

Infineon is certainly one to watch – it may just become the next major player in the industry.

Others to watch: ARM Holdings, AMD and Intel

June 6, 2024September 12, 2025

Nvidia $3 trillion market cap propels S&P 500 and Nasdaq to new all-time highs

The S&P 500 reached a new high as Nvidia surpassed the $3 trillion mark for the first time, and the anticipation of an interest rate cut grew due to softer-than-expected job data.

S&P 500 all-time high as of 5th June 2024

Similarly, the Nasdaq 100 and Nasdaq Composite achieved new record highs

AI boom catapults Nvidia passed Apple’s market cap’ valuation

Artificial intelligence (AI) chipmaker Nvidia passed Apple’s market cap’ to become the world’s second most valuable company after Microsoft.

Nvidia’s shares have surged 24% following its impressive earnings report in May, in contrast to Apple’s shares, which have increased by only 5% this year amid a slowdown in sales growth in recent months.

Nvidia one year share price as of 5th June 2024

Nvidia Market Cap at $3.01 trillion as of 5th June 2024

June 4, 2024September 12, 2025

Intel unveils new AI chips as it seeks to reclaim market share

Intel announced its new Xeon 6 processors at the Computex tech conference in Taiwan on Tuesday 4th June 2024.

This announcement coincides with the recent launches of new artificial intelligence chips by rivals Nvidia and AMD on Sunday and Monday 2nd and 3rd June 2024 – as they compete for dominance in the rapidly growing industry.

Intel is making efforts to catch up with Nvidia and AMD, having been relatively absent from the AI surge that led tech giants such as Meta, Microsoft, and Google to purchase a significant number of Nvidia chips.

This comes half a year after Intel’s release of its 5th Gen Intel Xeon processors for data centre workloads and a couple of months following the announcement of the Gaudi 3 processor for AI model training and deployment.

Intel also disclosed that the Gaudi 2 and Gaudi 3 AI accelerators are priced lower than those of its competitors.

Furthermore, Intel shared architectural details of its forthcoming Lunar Lake processors, aimed at expanding the AI PC category. These processors, slated for release in the third quarter, are set to rival Nvidia’s and AMD’s offerings tailored for AI PCs.

While Nvidia and AMD focus on chip design, Intel stands out by both designing and manufacturing its chips. Nevertheless, Intel’s foundry business has faced challenges, with its operating loss widening to $7 billion in 2023 compared to the previous year.

June 4, 2024September 12, 2025

Cisco’s ThousandEyes has unveiled an AI product designed to predict and rectify internet outages

ThousandEyes, Cisco’s internet monitoring division, has introduced a new suite of AI-driven features known as Digital Experience Assurance, or DXA, on Tuesday 4th June 2024.

The firm asserts that this new AI technology will allow customers to not only monitor but also automatically address issues affecting network quality.

Describing itself as the ‘Google Maps’ of the internet, Cisco ThousandEyes offers a comprehensive, end-to-end perspective of every user and application across all networks.

Established 15 years prior, the company has been heavily investing in AI technology in recent years.

ThousandEyes is now implementing significant AI-centric modifications to its platform, which are designed to enhance its clients’ oversight of network quality and robustness.