Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand
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Top stories - NBC News
CVS replaces CEO as profits, share price suffer
Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.15 minutes ago -
Business - CNBC
CVS replaces CEO Karen Lynch with exec David Joyner as profits, share price suffer
David Joyner has replace Karen Lynch as CVS CEO, as the company's stock price and performance suffers.41 minutes ago -
Business - CNBC
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.5 hours ago - Apple -
Business - MarketWatch
Nvidia’s stock sets one record but falls short of another
While TSMC issued upbeat commentary on the state of the AI market, Wall Street perhaps already had that confidence.15 hours ago -
World - The Guardian
Netflix to double profits after adding millions of subscribers in three months
After cracking down on password sharing, expanding into ads and investing billions in live TV, group declares success. Netflix expects to double its profits this quarter after the world’s largest ...15 hours ago - Netflix -
Business - Inc.
AI Power Needs Fuel Demand for Nuclear Energy
Electricity providers are looking at revamping nuclear power generation as Big Tech energy needs increase.18 hours ago - Artificial Intelligence -
Business - CNBC
Nvidia stock rises to new record, exceeding June high as AI trade is rekindled
Shares of Nvidia rose more than 3% on Thursday, briefly tapping a new intraday high of $140.89. It bested a previous record of $140.76, set June 20.21 hours ago -
Top stories - NBC News
Liam Payne's 'heartbroken' family share tribute after pop star's hotel death
Liam Payne's family paid tribute to the pop star following his death after falling from a hotel balcony in Argentina Wednesday.23 hours ago -
Business - The Wall Street Journal
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.Yesterday -
Business - MarketWatch
TSMC CEO says AI is not in a bubble and its growth is for real
the chief executive of contract manufacturer Taiwan Semiconductor Manufacturing Co. says the artificial intelligence revolution is for real.Yesterday -
Business - The Wall Street Journal
Merck KGaA Shares Jump on Expectations of AI Boost
The German company said booming artificial-intelligence demand would help its electronics sales grow faster than previously expected over the medium term.Yesterday -
Business - Financial Times
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 slumpYesterday -
Business - MarketWatch
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 firmsYesterday -
Tech - VentureBeat
Nvidia just dropped a new AI model that crushes OpenAI’s GPT-4—no big launch, just big results
Nvidia quietly launched a groundbreaking AI model that surpasses OpenAI’s GPT-4 and Anthropic’s Claude 3.5, signaling a major shift in the competitive landscape of artificial intelligence.Yesterday -
Business - CNBC
Morgan Stanley shares pop 7% after beating estimates for third-quarter profit and revenue
Morgan Stanley has several tail winds in its favor, from high stock values to a rebound in investment banking and strong trading activity.Yesterday -
World - The Guardian
‘I’m empowering my song to go and make love with different people’: Imogen Heap on how her AI twin will rewrite pop
Known for her wild ‘Imogenation’, Heap has always reworked pop with tech, but her new data-mining project is her boldest yet. She explains why ‘you can’t stop progress’. It’s a very Imogen Heap way ...2 days ago -
Top stories - CBS News
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 ...2 days ago - Google -
Tech - Wired
Apple Engineers Show How Flimsy AI ‘Reasoning’ Can Be
The new frontier in large language models is the ability to “reason” their way through problems. New research from Apple says it's not quite what it's cracked up to be.2 days ago - Apple -
Business - MarketWatch
Nvidia, AMD shares extend drops as investors get spooked — but should they be?
An ASML warning about the health of the semiconductor market is one factor weighing on AI chip stocks Tuesday — but one analyst says Nvidia investors shouldn’t be worried.2 days ago -
Business - Inc.
Nvidia Share Price Moves Could Unseat Apple as Most Valuable Company
Investors are driving up market capitalizations for the chipmaker, Apple, and Microsoft so fast it’s hard to know which company holds the top spot.2 days ago - Apple -
Tech - VentureBeat
DataStax looks to help enterprises stuck in AI ‘development hell’, with a little help from Nvidia
DataStax looks to improve enterprise AI production deployment with Nvidia, using Langflow as the center for building agentic AI workflows.2 days ago -
Business - MarketWatch
ASML results could provide insight into AI, China demand
ASML Holding, the Dutch company that makes the chip-making machines used by the major players in the semiconductor industry, is on Wednesday due to report results that could provide some insight ...2 days ago - China -
Business - Financial Times
Goldman profits jump 45% to $3bn after trading boost
Net income outstrips expectations despite hit from retail banking retreat3 days ago -
Business - CNBC
Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high
Nvidia's gains in share price lifted its market value to top $3.4 trillion, unseating Microsoft as the second most valuable company on Wall Street.3 days ago -
Business - MarketWatch
AMD’s AI punches are landing where it counts — against Nvidia
Not every AI customer wants or can afford Nvidia’s powerhouse Blackwell chip.3 days ago -
Business - CNBC
Nvidia closes at record as AI chipmaker's market cap tops $3.4 trillion
Nvidia shares closed at an all-time high on Monday as the chipmaker continues to ride a massive wave of demand for its artificial intelligence chips.3 days ago -
Business - MarketWatch
B. Riley’s stock soars 30% after bank agrees to sell Great American to Oaktree for almost $400 million
Investment bank’s stock is down 73% in the year to date amid regulatory fallout over a loan3 days ago