✉news BusinessMarkets first seen 6 h ago, last 1 h ago, peak #4
Microsoft to Deploy In-House AI Chips at Scale Next Year
Original: U.S. Stock Market Movers | Reports Suggest Microsoft (MSFT.US) to Deploy Self-Developed AI Chips on a Large Scale Next Year; Shares Rise Nearly 1% in Early Trading
Microsoft shares rose nearly 1% in early U.S. trading after reports that the company plans to deploy its self-developed AI chips on a large scale next year. The move would reduce Microsoft's reliance on Nvidia and other external chip suppliers for the data centre hardware powering its AI services, and investors reacted positively to the news in early trading.
Why now: Reports of Microsoft scaling up its own AI chips signal reduced dependence on Nvidia and boosted the stock.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2003853