Microsoft signs on to rack AI system that rivals Nvidia

After a decade-long comeback, chip giant Advanced Micro Devices is preparing to ship its first rack-scale system for artificial intelligence, called Helios, to a growing list of customers that now includes Microsoft. It’s the first rival to Nvidia‘s wildly popular Grace Blackwell and Vera Rubin systems, and is aiming to give the world’s most valuable…

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The AI rotation stole the spotlight from a strong start to earnings season

The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected June reports on consumer and producer prices offered encouraging signs that inflation continued to ease, while earnings from the nation’s largest banks reinforced the strength of capital markets. At the same time, investors kept one…

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