Google’s AI Progress Drives MediaTek to Best Week Since 2002
MediaTek Inc. shares posted their best week since 2002, as artificial intelligence advances at its client Google help reshape the growth outlook for the Taiwanese chipmaker.The stock rose for a fifth-straight day Friday in Taipei, taking its weekly gain to 22%, on investor enthusiasm over Google’s latest Gemini model and AI chip deals. MediaTek has reportedly partnered with the Alphabet Inc. unit on design of tensor processing units, seen as a potential rival to Nvidia Corp. chips in AI applicat...
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