6 Hours Ago
CNBC Pro: Forget Nvidia: Morgan Stanley says Intel’s much-hyped AI chip will boost 3 global stocks
The launch of Intel‘s latest artificial intelligence chip is expected to benefit three global semiconductor companies, according to Morgan Stanley.
Intel unveiled its third-generation AI accelerator, Gaudi 3, earlier this month. The semiconductor giant said the latest chip is twice as power-efficient and can run AI models one-and-a-half times faster than Nvidia‘s H100 GPU – the flagship product from the current AI chip market leader.
The three global semiconductor companies make various parts of the new AI chip for Intel.
CNBC Pro subscribers can read more here.
— Ganesh Rao
6 Hours Ago
CNBC Pro: Buy these gold and copper stocks to ride AI, China demand and more: Fund managers
Gold and copper have been on fire, as geopolitical tensions mount, central banks buy up gold, and AI demand for copper grows.
Some fund managers and Wall Street analysts continue to be bullish on those commodities.
Here are some names they like.
CNBC Pro subscribers can read more here.
— Weizhen Tan
2 Hours Ago
European markets: Here are the opening calls
European markets are set to open in positive territory Wednesday, building on gains seen since the start of the week.
The U.K.’s FTSE 100 index is expected to open 40 points higher at 8,084, Germany’s DAX up 60 points at 18,201, France’s CAC 20 points higher at 8,130 and Italy’s FTSE MIB up 206 points at 34,331, according to data from IG.
Earnings come from Orange, Air Liquide, Iberdrola, Roche and Heathrow. Data releases include Germany’s Ifo Institute’s survey on business conditions and expectations for April.
— Holly Ellyatt
