‘Intel Launches New AI Chip, Competing with AMD in Growing Market\n\nIn a move that is expected to intensify competition with rival company Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC) has announced the launch of its new AI chip, the Gaudi3. This comes as AI and AI chips continue to dominate headlines, with businesses worldwide incorporating AI into their products and services.\n\nIntel CEO Pat Gelsinger believes that the semiconductor market, fueled by AI innovations, could potentially reach a trillion dollars by the end of the decade. In a recent interview with Yahoo Finance, Gelsinger stated, “AI is a driving workload and that workload, we said the semiconductor market $600 billion or so today, a trillion plus by the end of the decade. We see AI as one of those things driving a larger market…So, with that, we see a lot of market value creation yet in front of us.”\n\nThis announcement comes as AMD, touted as the closest rival to AI leader Nvidia Corp (NASDAQ:NVDA), also recently launched its own AI chip, the MI300X. With the AI accelerator market expected to grow to over $400 billion in the next four years, both Intel and AMD are vying for a larger share.\n\n Intel’s latest move has made some investors jittery, as the company’s stock climbed following the announcement. Intel is also eyeing the new wave of AI applications, expecting them to make up 80% of PCs sold within the next four years.\n\n’

Lennar Corp Reports Strong Fourth Quarter and Fiscal Year 2023 Results\n\nLennar Corp, one of the leading homebuilding companies in the United States, has reported strong financial results for the fourth quarter and fiscal year 2023. The company's net earnings per diluted share increased by 11.7% compared to the same quarter last year. Its revenue also saw a significant increase of 8.2%, reaching $10.44 billion. This growth is a testament to the company's strategic initiatives and its ability to adapt to changing market conditions.\n\nThe company's backlog of homes also saw a 7.8% increase compared to the previous year, indicating strong demand for its homes. This is further supported by the company's increase in new orders, demonstrating the continued demand for its homes. Lennar Corp's focus on active communities and delivering homes at an average sales price of $441 has contributed to its strong financial results.\n\n A decrease in revenue in its multifamily segment by 21.4%, the company's financial services segment saw a significant increase of 32.1% compared to the same period last year.\n\nLennar Corp's solid balance sheet, with a significant amount of cash and cash equivalents, also provides it with the financial flexibility to continue its growth and expansion plans. This, coupled with its strong backlog and increase in new orders, positions the company for continued success in the future.\n\nIn a Lennar Corp's fourth quarter and fiscal year 2023 results showcase its strong performance and resilience in the homebuilding industry. Its strategic initiatives and focus on active communities have contributed to its solid financial results, with an increase in revenue and net earnings per diluted share.