In the rapidly evolving landscape of artificial intelligence, companies are strategically positioning themselves to harness emerging opportunities. OpenAI and Meta are in discussions with India's Reliance Industries to expand AI product offerings in the region.
Goldman Sachs has issued a cautious outlook on Super Micro Computer (SMCI, Financial), downgrading its stock rating to "sell." Analysts, led by Michael Ng, warn of potential risks in the AI server market, citing increased competition, pressure on the company's already low profit margins, and reduced product differentiation. The firm has lowered its 12-month price target for SMCI from $40 to $32, indicating a potential 24% decline from current levels.
In other AI-related news, London-based AI startup Fyxer secured $10 million in funding from venture capital firm 20VC, with notable contributions from Salesforce CEO Marc Benioff and former SoftBank COO Marcelo Claure.
According to TrendForce, Apple plans to adopt TSMC's SoIC packaging technology, following AMD's lead, for its M5 series chips by 2025. NVIDIA will also use SoIC packaging for its next-generation Rubin architecture GPUs.
Micron has announced the mass production of its SOCAMM memory modules for NVIDIA's GB300 Grace Blackwell Ultra, along with HBM3E 12H 36GB memory for NVIDIA's HGX B300 NVL16 and GB300 NVL72 platforms.
The "Magnificent 7" index of U.S. tech giants rose approximately 2.6%. Tesla experienced a significant surge of over 11.9%, marking its best single-day performance since the day after the 2024 U.S. election. Meta Platforms, Amazon, NVIDIA, Google, Apple, and Microsoft also saw gains. Additionally, AMD shares increased by 6.98%, Eli Lilly rose by 3.26%, TSMC's ADR gained 2.51%, and Berkshire Hathaway's Class B shares climbed 0.75%.
Jefferies reports a decline in Apple's iPhone shipments in China, with a 21% drop year-over-year in January. Despite government subsidies, iPhone sales continue to face challenges, while Huawei and Xiaomi have shown growth.
Evercore ISI highlights Microsoft (MSFT) and Salesforce (CRM) as resilient companies in the event of a slowdown in software spending, due to their extensive AI product offerings.
