As we wrap up another eventful week in the tech world, we’ve seen some major developments from industry giants. From Nvidia Corp.’s stock split announcement to Intel Corp.’s AI-focused strategy, the week was buzzing with news. Here’s a quick recap of the top stories.

NVIDIA Announces Stock Split

In a move to make shares more accessible, NVIDIA ( NVDA ) announced a 10-for-1 stock split on Friday. The semiconductor giant revealed this decision during its recent quarterly earnings report. The split-adjusted trading will commence on Monday, June 10.’

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Intel Steps Up AI Game

Intel ( INTC ) has unveiled its new Lunar Lake chips with enhanced AI processors at the ongoing Computex technology trade show. These chips are aimed at Copilot+ AI PCs and data center chips, positioning Intel ( INTC ) to compete with Advanced Micro Devices ( AMD ) . The Lunar Lake series is set to launch later this year.

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Foxconn Predicts AI Server Sales Surge

Apple Inc. supplier Hon Hai Technology Group (OTC:HNHPF), operating as Foxconn, is expecting a significant surge in AI server revenue in the next year. This prediction comes amid Nvidia ( NVDA ) CEO Jensen Huang’s forecast that data center spending will double to $2 trillion by 2029.

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Nvidia ( NVDA ) CEO Mesmerizes at Computex

Nvidia’s Huang delivered a captivating keynote address at the Computex 2024 pre-event. He credited Nvidia’s partners and highlighted the company’s focus on computer graphics, simulations, and artificial intelligence.

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Musk Explains Nvidia Chip Diversion

Tesla Inc. CEO Elon Musk responded to a report about him redirecting thousands of NVIDIA ( NVDA ) chips, initially reserved for Tesla, to X and xAI. Musk explained that Tesla had no facilities to activate the chips, and they would have otherwise sat idle in a warehouse.

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This story was generated using Benzinga Neuro and edited by Rounak Jain