FY24

AI chip demand to surge by a third with AI adoption across all devices

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AI chip demand to surge by a third with AI adoption across all devices

Mumbai: The rapid integration of artificial intelligence across consumer and enterprise sectors is expected to propel a 33% increase in net global AI semiconductor revenue in 2024. According to a report from market researcher Gartner released on Thursday, revenue from chipmakers specializing in AI-specific compute processors is expected to grow by 32.8% to $71.25 billion … Read more

Small-, mid-caps erase most losses since mid-March

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Small-, mid-caps erase most losses since mid-March

“While the year-end profit booking, Sebi advisories to mutual funds to curb froth in smids (small- and mid-cap counters) and overvaluation in some counters caused the broader market indices to correct sharply till the middle of last month, selective picking by funds and other investors at lower levels erased the losses in the second-half, which … Read more