09:23 AM EDT, 07/24/2024 (MT Newswires) -- Nvidia ( NVDA ) will use Samsung Electronics' fourth-generation high bandwidth memory, or HBM3, chips in its H20, a graphics processing unit developed for the Chinese market in compliance with US export controls, Reuters reported late Tuesday, citing three unnamed sources. It wasn't immediately clear if the HBM3 chips would be used by...

Otis Worldwide Corp ( OTIS ) shares are trading lower after the company reported a second-quarter FY24 sales decline of 3.2% Y/Y to $3.60 billion, missing the consensus of $3.73 billion. Adjusted operating profit increased to $613 million from $590 million, and the margin expanded by 110 bps to 17.0%, driven by favorable segment performance and mix. New Equipment sales of $1.42 billion fell 11.4% Y/Y, with the segment operating margin expanding 30 bps to 7.7%. New...

Iris Energy Limited ( IREN ) shares are trading higher. The company on Wednesday announced that it increased its power capacity by 150MW at one of its sites. What Happened: Bitcoin (CRYPTO: BTC) miner Iris Energy ( IREN ) said it secured an additional 150MW of immediately available power capacity at its Childress site, bringing power capacity at the site...

09:25 AM EDT, 07/24/2024 (MT Newswires) -- Lumen Technologies ( LUMN ) and Microsoft ( MSFT ) said Wednesday they signed a new strategic collaboration to use the Microsoft Cloud for Lumen's digital offerings. Microsoft ( MSFT ) also selected Lumen's Private Connectivity Fabric custom network to support the tech giant's network infrastructure requirements and its data centers' demand as...