Nvidia supplier Taiwan Semi reports profit surge. AI capacity is ‘very tight,’ CEO says.

• Nvidia analysts are very bullish on the stock. But this holdout defends his cautious view.

  The chip maker’s stock has surged in the year since D.A. Davidson’s Gil Luria began coverage with a neutral view. But he still thinks elements of his initial call have merit.
  
  MarketWatch - 1h
• 

  Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

  Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom
  
  ABC News - 2h
• 

  Taiwan reports 'significant rise' in suspected Chinese espionage

  Taiwanese charged with suspicion of spying on behalf of China rose by a third to 64 people last year, the island’s National Security Bureau said.
  
  NBC News - 3d
• 

  UK pledges huge increase in computing capacity to build AI industry

  Labour to expand sovereign computing power in response to report by British venture capitalist
  
  Financial Times - 3d

• Biden administration planning new AI chip export limits that would hit Nvidia, report says

  The White House is finalizing additional restrictions on the export of artificial intelligence microchips that would hit companies including Nvidia and Advanced Micro Devices, according to a report.
  
  MarketWatch - Jan. 9
• 

  Nvidia's Jensen Huang is 'dead wrong' about quantum computers, D-Wave CEO says

  D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday.
  
  NBC News - Jan. 8

• Nvidia's Jensen Huang is 'dead wrong' about quantum computers, D-Wave CEO says

  D-Wave Quantum shares plunged 36% on Wednesday after Nvidia CEO Jensen Huang suggested that quantum computers are decades away.
  
  CNBC - Jan. 8

• Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business

  Fourth-quarter earnings hit by greater investments in advanced chip manufacturing
  
  Financial Times - Jan. 8

• Don't be fooled by Nvidia stock's slide after CEO Jensen Huang laid out an AI roadmap

  The CEO's product announcements are not as important as the long-term vision he presented.
  
  CNBC - Jan. 7

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• Target’s stock rises as holiday sales show rebound from third-quarter doldrums

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• Outsourcing giant Infosys raised sales guidance for a third time. AI is helping.

  Indian outsourcing giant Infosys on Thursday raised its sales outlook for the third time this year as the company said clients were increasingly adopting its artificial-intelligence services.
  
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More in Business

• Morgan Stanley tops estimates on strong equities and fixed income trading revenue

  The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.
  
  CNBC - 12m

• Bank of America tops estimates on better-than-expected investment banking, interest income

  The company said fourth-quarter profit jumped 47% to $6.67 billion, or 82 cents per share, from a year earlier.
  
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• 

  What Scott Bessent, Trump’s Treasury Pick, Might Get Asked Today

  Scott Bessent, a billionaire hedge fund manager, will likely face tough questions on tax cuts and tariffs — and how bond markets might check his economic agenda.
  
  The New York Times - 16m

• Target says its holiday sales were better than expected — but its profits weren't

  The big-box retailer's report indicates that deals and promotional events motivated shoppers.
  
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  Bank of America CEO Brian Moynihan said the bank turned in a “strong” fourth quarter, CEO says.
  
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