Category: Reddit Post

Dell beats estimates as server sales soar 80%, riding AI wave

Dell has emerged as a top vendor for AI-oriented servers, especially those based around Nvidia chips Demand has skyrocketed from a handful of businesses and cloud providers that are investing billions in developing next-generation AI. Dell said it recorded $3.1 billion of AI server sales in the quarter, up from $1.7 billion in the May quarter. submitted by /u/Ankle_be [link] [comments]

CNBC: Intel is working with bankers to present board with strategic options to help fix its flagging businesses.

The company has been hampered by longtime problems and more recent missteps, and announced earlier this year it would lay off thousands of employees. CEO Pat Gelsinger has laid out plans to mount an ambitious turnaround at the chipmaker, which has largely been left out of the artificial intelligence boom. CNBC previously reported that some advisors, including Morgan Stanley, were helping the company on activism defense. Intel remains on track to launch its next iteration of its laptop central processor, Lunar Lake, Gelsinger said at the appearance. But investors don’t see a turnaround on the horizon, and have pushed the stock down almost 60% this year. submitted by /u/Ankle_be [link] [comments]

The U.S. government is about to blow through $6.8 trillion in 2024 – highest since 2021

https://preview.redd.it/b73esz2vumld1.jpg?width=696&format=pjpg&auto=webp&s=234dbc6847a7fc9053c3fc7f659d2deffba0e3e4 Medicare, Medicaid, and Social Security? A monstrous $3.1 trillion, eating up 46% of the pie. Defense and non-defense? $1.8 trillion, or 27%, because why not. Oh, and interest payments? Nearly $900 billion just to keep the debt ballooning. All this while pulling in $4.7 trillion in revenue. The $1.9 trillion gap? Borrowed, naturally. Highest in 3 years. The U.S. government doesn’t just have a spending problem. It’s addicted. submitted by /u/FXgram_ [link] [comments]

The TON blockchain has resumed operations after its second outage in 24 hours.

On 28 August, the TON network experienced its second failure in 24 hours. As a result, the blockchain did not mine blocks for several hours. It is known that the difficulties arose due to the load of the network against the background of the listing of the DOGS memcoin on major exchanges. https://preview.redd.it/g2l32c23cmld1.png?width=683&format=png&auto=webp&s=eec51da6a55c4bb03e8c1d3f9b6e35ecea404939 submitted by /u/Lor1al [link] [comments]

Nvidia (NVDA), buyers on the dip couldn’t even wait for the market to open. In pre-market trading alone, $NVDA has already risen by about 6% from its low.

Since yesterday’s post-market low, the stock has added +$160 billion in market capitalization. Meanwhile, nearly all major banks have raised their price targets today. Calling it “bullish” is an understatement. https://preview.redd.it/hxvrd571ulld1.png?width=1358&format=png&auto=webp&s=83b7f2b4fd18fb6215a91d8717376b9f94f46c2f submitted by /u/XGramatik [link] [comments]

Yikes!

submitted by /u/XGramatik [link] [comments]

Politico: Nikolai Durov, the elder brother of Pavel Durov, has been declared wanted in France

The information about Nikolai Durov being wanted in France appears in recent reports. French authorities issued an arrest warrant for Nikolai Durov, the brother of Pavel Durov and co-founder of Telegram, back in March. This action is part of a broader investigation into Telegram, which has been under scrutiny for its alleged involvement in various illegal activities. Nikolai’s current whereabouts remain unknown, but the authorities are continuing their investigation. The situation escalated after the recent arrest of Pavel Durov in France, further intensifying the legal pressure on both brothers​(POLITICO,CoinGape). Nikolai Durov is believed to have developed the data compression algorithm used in Telegram. He is a proponent of open-source software and actively participates in the development of free software. The elder Durov was recognized as one of the most influential people in the IT industry according to Forbes magazine. submitted by /u/Ankle_be [link] [comments]