The rise of Kimi AI, one of the most intriguing players in the current artificial intelligence race, is a story of bold vision, relentless innovation, and the unique dynamics of China’s rapidly evolving tech sector. Founded less than a decade ago, Kimi AI has transformed from a small research-driven
Curious about the top performers within the S&P500 index one hour before the close of the markets on Tuesday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
The Core Foundation (CRYPTO: CORE) has launched Rev+, a protocol-level revenue-sharing program designed to compensate developers and stablecoin issuers for on-chain activity.
The generative AI race has just taken a dramatic turn. Moonshot AI, a fast-growing artificial intelligence company backed by e-commerce giant Alibaba, has officially unveiled its Kimi K2 model—a large language model (LLM) that has quickly set the tech industry abuzz. According to Moonshot, the Kimi K2 not only
Shares of semiconductor maker Penguin Solutions (NASDAQ:PENG) jumped 3.3% in the morning session after the company continued to benefit from positive sentiment following a strong earnings report and a price target increase from a Wall Street analyst. Loop Capital raised its price target on Penguin Solutions to $35 from $30 on Monday, maintaining a "Buy" rating. The firm cited the company's promising developments in the commercial Artificial Intelligence (AI) sector as a key driver. This follows the company's recent earnings report on July 8th, where it beat earnings per share (EPS) estimates.
Shares of neighborhood social network Nextdoor (NYSE:KIND) jumped 3.5% in the morning session after the company announced the most consequential redesign of its core product to date, aimed at making the platform more useful and timely for users. The revamped neighborhood network will now focus on three key areas: "Alerts," "News," and "Faves."
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA)
jumped 4.2% in the afternoon session after the company confirmed it will resume sales of its H20 AI chips to China after receiving assurances from the U.S. government that export licenses will be granted.
Shares of semiconductor company Semtech (NASDAQ:SMTC) jumped 3.2% in the afternoon session after bullish sentiment from Wall Street analysts. The semiconductor company has received a consensus "Buy" rating from a group of 27 analysts, with 89% recommending to buy the stock. This positive outlook is supported by a consensus price target of $58.29, suggesting potential upside from its recent trading levels. The bullish sentiment comes despite some mixed financial signals, including mounting operating losses and a decline in free cash flow margin over the past five years.
