In a bid to regain ground in the AI hardware race, Intel is reportedly in advanced talks to acquire chip startup SambaNova for a fraction of its previous valuation.
Despite a massive $73 billion backlog and improving debt ratios, Broadcom stock faces headwinds as investors scrutinize fiscal guidance in a jittery AI semiconductor market.
In a decisive move to reclaim semiconductor dominance, Intel has signed a term sheet to acquire AI startup SambaNova Systems, signaling a major pivot toward enterprise AI inference under CEO Lip-Bu Tan.
Despite reporting record revenues and a doubling of AI chip sales, Broadcom (AVGO) stock tumbled 11% as investors reacted to dipping margins and growing 'AI angst' in the semiconductor sector.