Nvidia AI chip competitor Etched says it has already booked $1 billion under con

Etched, founded by three Harvard dropouts, has created new chips and memory components that speed up inference on any AI model -- no GPUs required, it says.

Cerebras targets $26.6 billion valuation in US IPO as AI chip demand surges reut.rs/4d4H7Xa

Etched’s valuation doubles to $21B in a month

The startup, which is planning to go public later this year, designs chips specifically for AI inference, another challenger to Nvidia's dominance.

AI chip startup Positron's valuation skyrockets in latest funding round reut.rs/4dy8oCn

ASML lifts 2026 forecast as surging AI chip demand boosts new orders reut.rs/3OGQVhZ

Applied Materials sees quarterly revenue above estimates on sustained AI spending reut.rs/4uTHvzk

Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal reut.rs/4ttolyZ