Vince Condarcuri

3 weeks ago | tipranks.com | Vince Condarcuri

Nvidia (NVDA) CEO Jensen Huang has repeatedly warned about the growing competition from China’s Huawei in the AI chip market. But so far, Huawei is struggling to convince China’s biggest tech companies to adopt its chips, according to The Information. Indeed, although ByteDance, Alibaba (BABA), and Tencent (TCEHY) are testing Huawei’s chips, they haven’t placed any large orders yet. This is because the firms still prefer Nvidia’s products, despite U.S. export restrictions.

3 weeks ago | tipranks.com | Vince Condarcuri

The U.S. stock market has made an impressive comeback since its April slump. In fact, the S&P 500 (SPY), which plunged into correction territory following President Trump’s historic tariffs, is now up over 19% from its April low. Carson Group’s Ryan Detrick sees this early-year bottom as a sign that 2025 could still finish with strong gains. He compared the current setup to market comebacks in 2009 and 2020, when early-year declines of over 15% were followed by double-digit rallies.

3 weeks ago | tipranks.com | Vince Condarcuri

Deutsche Bank (DB), Germany’s largest bank, is considering launching its own stablecoin and creating a tokenized deposit solution to improve payment systems, according to a Bloomberg report that was published on Friday. The move comes as stablecoins continue to gain momentum in the financial world. In fact, Europe already has a clear regulatory framework through its MiCa law, and U.S. lawmakers may pass new stablecoin legislation as early as next week.

3 weeks ago | tipranks.com | Vince Condarcuri

While the U.S. government winds down its Department of Government Efficiency initiative, which led to thousands of federal job cuts, layoffs are still hitting corporate America. Indeed, companies are under growing pressure to cut costs due to economic uncertainty, fueled in part by President Trump’s tariff policies. Unsurprisingly, many firms have raised their prices, but layoffs are also being used to manage expenses.

3 weeks ago | tipranks.com | Vince Condarcuri

Chipmaker AMD (AMD) has, for an undisclosed amount, acquired the engineering team from Untether AI, which is a Canadian startup known for developing energy-efficient AI inference chips for edge devices and data centers. According to CRN, the team will now focus on improving AMD’s AI software, chip design, and system integration. Untether AI, which will no longer sell its speedAI chips or software, said it was proud of its innovations and looks forward to contributing to AMD.