This Week In AI Chips - Palomino's Strategic Acquisition Boosts AI Interconnect Market Expansion

NVIDIA Corporation

NVIDIA Corporation

NVDA

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Palomino Laboratories has completed its acquisition of Vega Links, positioning itself as a key player in the next-generation AI interconnect field. This strategic move significantly expands Palomino's addressable market to over $60 billion and accelerates its capabilities in AI infrastructure. With the integration of Vega Links’ expertise in high-speed AI and memory connectivity, Palomino aims to enhance AI interconnect technologies that improve bandwidth, latency, and power efficiency. Additionally, new appointments to Palomino's executive leadership and strategic advisory board further bolster its technological and strategic direction.

In other market news, SK hynix (KOSE:A000660) was a notable mover up 30% and ending trading at ₩1,718,000. Meanwhile, Montage Technology (SHSE:688008) lagged, down 7.3% to finish the session at CN¥189.94. The company announced its CXL 3.2 Memory eXpander Controller chip on July 31, three days ago, aimed at enhancing AI and data center memory capacity.

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  • NVIDIA (NasdaqGS:NVDA) finished trading at $200.75 up 2.9%.
  • Broadcom (NasdaqGS:AVGO) settled at $389.28 up 0.4%.
  • Micron Technology (NasdaqGS:MU) closed at $823.03 down 5.9%.

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