Bloomberg Tech Apple's Chip Partnership, Sky High Valuation for SpaceX
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Dec 11, 2024 Mark Wade, CEO of IR Labs, dives into the exciting world of AI chip technology and Apple's partnership with Broadcom. He elaborates on how this collaboration could reshape the tech landscape. The discussion also reveals SpaceX's soaring valuation of $350 billion, a testament to its groundbreaking advancements. Wade highlights the competitive dynamics among tech giants like Nvidia, AMD, and Intel as they invest in innovative startups, revolutionizing chip production while addressing the increasing energy demands from AI.
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Apple's AI Chip Development
- Apple is reportedly developing its own AI server chips in partnership with Broadcom.
- This move follows a trend of tech companies like Amazon designing their own chips.
AI Transforming Industries
- Tech stocks like Nvidia and Apple are driving market optimism due to advancements in AI.
- AI is no longer a dream; it's transforming industries.
Tech Stock Valuations
- Investors are questioning the further growth potential of tech stocks like NVIDIA and Alphabet, given their substantial gains.
- Relative valuation and the innovation potential of tech compared to other sectors drive investment.