Foxconn Reports Bumper Profit on Demand for Ai Servers

Musk’s $1mn-a-day voter giveaway could violate US law, DoJ warns

Billionaire Trump backer has targeted swing states with contest ahead of presidential election

Business - Financial Times - October 24

Foxconn reiterates forecasts after record profits

Taiwanese contract manufacturer Foxconn on Thursday said it was reiterating its outlook but with better visibility after record earnings and profit.

Business - MarketWatch - 8 hours ago

TSMC beats forecasts with 54% surge in profits on soaring AI demand

Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms

Business - MarketWatch - October 17

Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand

TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.

Business - CNBC - October 18

SK Hynix Profit Momentum Continues on AI-Chip Demand

SK Hynix posted record earnings in the third quarter as it continued to ride strong demand for powerful computing chips to support artificial-intelligence applications.

Tech - The Wall Street Journal - October 23

Nintendo reports lower profits as demand drops for its aging Switch console

Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth ...

Entertainment - ABC News - November 5

UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections

The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit Suisse

Business - MarketWatch - October 30

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates

Tech - ABC News - October 31

Tencent posts better-than-expected 47% profit surge as games, AI tools shine

Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly.

Business - CNBC - Yesterday

Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand

Revenue for the third quarter grew about 94% year-on-year.

Business - CNBC - October 24

Google turns to nuclear energy for AI electricity demand

Google announced a deal with energy startup Kairos Power to supply its data centers with electricity from seven small modular nuclear reactors, which still need to be built. A recent study found ...

AI Power Needs Fuel Demand for Nuclear Energy

Electricity providers are looking at revamping nuclear power generation as Big Tech energy needs increase.

Business - Inc. - October 17

Winnebago’s stock rocked by a big profit miss, due to ‘sluggish’ retail demand

Winnebago’s stock sinks after a big profit miss for its fiscal fourth quarter, which offset a revenue beat.

Business - MarketWatch - October 23

Asylum housing provider Clearsprings’ profits jump on high demand

Bumper profits risk fuelling government concerns over large amounts paid to private companies to handle politically sensitive issue

World - Financial Times - November 1

Siemens Profit Tops Forecasts as Data-Center Demand Offsets Automation Woes

The industrial conglomerate reported a net profit of $2 billion for the fourth quarter, beating market views, after it benefited from high demand for electrical infrastructure driven by data centers.

Business - The Wall Street Journal - 7 hours ago

Tesla Surprises Wall Street With Strong Third-Quarter Results

The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.

Business - The Wall Street Journal - October 24

UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - October 30

Amazon Stock Jumps After Earnings Report Record $15.3 Billion Profit

The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.

Business - The New York Times - October 31

Nuclear energy stocks hit record highs on surging demand from AI

Amazon and Google deals to deploy small modular reactors are latest step in sector’s revitalisation

Business - Financial Times - October 20

Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending

The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.

Business - The Wall Street Journal - October 31

AI demand drives growth and higher spending at Amazon’s cloud business

Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarter

Business - Financial Times - October 31

Palantir’s shares jump as ‘unwavering demand’ for AI lifts earnings

Peter Thiel’s data analytics company raises its revenue forecast as growth accelerates

Business - Financial Times - November 4

TSMC profits jump 54% on back of AI chip boom

World’s biggest chipmaker says demand has recovered across all segments despite fears of industry slump

Business - Financial Times - October 17

AI Boom Is Real---and Really Profitable---Says Chip Maker TSMC

The world’s largest contract chip maker says revenue from AI-related products is expected to triple this year.

Business - The Wall Street Journal - October 17

Miners are razing forests to meet surging demand for metals and minerals, report says

A report by the World Resources Institute shows that rapidly expanding mining operations are causing widespread destruction of tropical primary rainforests and protected areas, raising carbon ...

World - ABC News - October 23

Latest UN report demands 'unprecedented' emissions cuts to salvage climate goals

World - Yahoo News - October 24

Apple sales rise 6%, company seeing early iPhone 16 demand

Apple reported earnings after the bell. Here are the results.

Business - CNBC - November 1

Durbin demands House ethics panel share Gaetz report with Senate panel

Illinois Sen. Dick Durbin (D), chair of the Senate Judiciary Committee, urged the House Ethics Committee to "preserve and share" its report on former Rep. Matt Gaetz after President-elect Trump ...

Politics - The Hill - 2 hours ago

New Google AI Will Take Over Browsers: Report

The new product, code-named Project Jarvis, may reach users as soon as December, according to reports.

Business - Inc. - October 28

Tesla’s Shares Surge 20% After Strong Earnings and Outlook

The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.

Business - The New York Times - October 24