Despite a recent tech selloff, memory-chip maker Micron reported a monster quarter, sending its shares up nearly 16%. South Korean rival SK hynix filed for a major U.S. IPO, underscoring explosive demand. The boom has a flip side: prices for Apple's and Microsoft's devices are climbing and will stay high for years.
The AI chip race is intensifying. OpenAI debuted Jalapeño, a custom chip built by Broadcom for AI inference. Qualcomm announced new data center chips. Startup Groq raised $650 million, but Cerebras saw its shares sink after its first earnings report as a public company.
Chipmaking technology itself is advancing. IBM unveiled the world's first sub-one-nanometer chip architecture. Applied Materials introduced new gear for 3D stacking required by advanced AI chips.
The AI ecosystem is rapidly expanding. HelloTwin launched governed AI agents for enterprises. Argentum AI, with $7.8 billion in infrastructure deals, is positioning itself as a financing layer for the AI boom. Google invested $75 million in studio A24 to apply AI to filmmaking.
The industry also mourned the passing of pioneering tech journalist Om Malik.