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Andes Technology Corporation has reported a record revenue of over $42 million for 2024, notably driven by the growing demand for AI applications, which account for 38% of its revenue. This growth reflects a broader trend in the adoption of RISC-V processor IP solutions across various sectors, with AI, consumer electronics, IoT, and automotive leading the charge. Andes continues to solidify its leadership in RISC-V architecture through innovation and strategic customer partnerships, including notable entities like Axelera AI, Fractile AI, and Meta. Geographically, the company’s most significant markets include Taiwan and the United States, and it is further expanding its global presence.

In other market news, Astera Labs was trading firmly up 10.5% and ending the day at $72.18. At the same time, Advanced Micro-Fabrication Equipment China softened, down 2.3% to end trading at CN¥199.70.

Intel's strategic initiatives, including the Panther Lake launch and AI CPUs, aim to bolster market share and profitability. Discover more about Intel's growth strategy and projections in our detailed company narrative.

On a related note, check out the Market Insights piece that examines the impact of DeepSeek's R1 model on the AI chip industry, highlighting potential shifts in demand and the implications for companies within the AI ecosystem.

Best AI Chip Stocks

• NVIDIA finished trading at $121.67 up 5.3%. Today, NVIDIA is presenting at the Adobe Summit 2025 in Las Vegas.

• Advanced Micro Devices closed at $100.97 up 2.9%. Three days ago, AMD urged shareholders to vote against a proposal to remove a provision limiting certain shareholders' voting rights.

• Intel finished trading at $24.05 up 1.5%. This week, Intel presented at the Adobe Summit 2025 in Las Vegas.

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