6-24
Qualcomm in talks with ByteDance to build custom AI and video chips as Nvidia rivalry widens
Qualcomm is reported to be in talks with ByteDance to design customized chips for the TikTok parent. The discussions underscore a widening push by tech groups to develop AI silicon outside Nvidia’s orbit. A successful deal would build on a relationship that has already produced results, after Qualcomm agreed in May to supply ByteDance with millions of ASICs for AI data center use, according to Reuters.
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6-24
6-22
Accenture’s Record 18% Crash: Can a $11B Cash Flow Floor Save ACN from AI Disruption?
Accenture’s historic 18% share price collapse highlights intense market anxiety over generative AI cannibalizing traditional billable consulting hours and driving a major revenue guidance markdown. However, with a rock-solid free cash flow projection up to $11.5 billion and a strategic $4.17 billion pivot into high-margin operational technology cybersecurity, long-term investors are evaluating whether ACN now represents an aggressive deep-value opportunity.
6-22