Tag: Tesla
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Micron Technology Allocates Memory Chips to Tesla as Rising Prices Reshape the AI Hardware Market
The global semiconductor market remains under continued demand pressure from artificial intelligence, data centres and advanced vehicle systems and Micron Technology has reportedly set aside some of its memory chip supply for Tesla. The ruling underscores the scramble among big customers to obtain high-performance memory as prices rise and supply is tightly controlled. Both companies…
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Tesla Stock Crashes 14% After Earnings Miss as $25 Billion Capex Plan Shocks Investors
Tesla Stock Crashes – Shares of Tesla fell after the company’s latest earnings report missed Wall Street expectations and management announced plans for an aggressive capital expenditure plan of about $25 billion, reports said. The company’s spending on artificial intelligence, autonomous driving and factory expansion continues, but investors are starting to re-assess the company’s near-term…
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