US banks say consumers are ‘healthy’ despite economic uncertainty
Joshua Franklin and Akila Quinio 7/15/2025 JPMorgan Chase and Citigroup struck an upbeat tone on the strength of US consumers, underscoring how the world’s biggest economy has remained resilient despite the effects of Donald Trump’s tariffs. The duo of Wall Street banks said there were signs that Americans’ financial footing was solid even as they […]
TSMC Revenue Climbs 39% in Latest Sign of AI Spending Boom
By Debby Wu 07/09/2025 22:41:09 [BN] Summary by Bloomberg AI Taiwan Semiconductor Manufacturing Co.’s revenue rose 39% in the June quarter, beating the average analyst projection. TSMC Chief Executive Officer C.C. Wei says AI chip demand still outstrips supply, and the company has pledged to spend $100 billion ramping up manufacturing. According to Charles Shum, analyst, TSMC […]
Oracle, OpenAI Expand Stargate Deal for More US Data Centers
By Brody Ford and Rachel Metz 07/02/2025 12:07:40 Summary by Bloomberg AI OpenAI has agreed to rent a massive amount of computing power from Oracle Corp. data centers as part of its Stargate initiative. The rental will total about 4.5 gigawatts of data center power in the US, which could power millions of American homes. Oracle will develop […]
Big Tech Is Smart to Invest Hundreds of Billions for AI Infrastructure. Here’s Why
By Tae Kim June 26, 2025 New Street analyst Pierre Ferragu is optimistic the hundreds of billions spent annually by large technologies companies for artificial-intelligence infrastructure will pay off for the industry. The analyst estimates the top four major data center technology companies— Alphabet GOOGL -0.20%, Amazon AMZN +0.85%, META +0.37%, Microsoft MSFT -0.46% —will grow […]
Broadcom rides on AI chip demand to deliver upbeat revenue forecast
By Harshita Mary Varghese and Max A. Cherney June 5, 2025 Reuters June 5 (Reuters) – Broadcom (AVGO.O), forecast third-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its networking and custom AI computing chips. However, the company’s shares fell 4% in extended trading, after gaining about 12% this year, as […]
Microsoft Shares Go From Laggard to Leader as AI Growth Improves
Summary by Bloomberg AI Microsoft Corp. shares are close to a record high due to signs of improvement in its Azure cloud-computing business, fueled by the broader rebound in US equities and better-than-expected results. Azure’s revenue growth of 33% exceeded expectations, with analysts projecting AI-related Azure revenue to rise to about $24 billion in the […]
Nvidia Eases Concerns About China With Upbeat Sales Forecast
Summary by Bloomberg AI Nvidia expects revenue of about $45 billion in the second fiscal quarter, despite new export restrictions costing about $8 billion in Chinese revenue. The company is ramping up production of its latest semiconductor design, Blackwell, and is offering its chips as part of whole computer systems to speed up AI deployment. […]
Lyft shares pop 23% after buyback; CEO says there are no signs of worry with the consumer
Samantha Subin May 9th, 2025 • Lyft CEO David Risher told CNBC’s “Squawk Box” that the company isn’t seeing “anything to worry about” with the consumer. • The ride-sharing company upped its share buyback plan to $750 million and posted better-than-expected gross bookings. • The company said the quarter was its 16th straight period of […]
Disney Raises Profit Forecast on Strong Parks, Streaming
Summary by Bloomberg AI Walt Disney Co. reported fiscal second-quarter results that beat Wall Street estimates and raised its outlook for the full year, citing strong performances from theme parks and streaming TV. The company expects full-year fiscal 2025 earnings to rise 16% to $5.75 a share, driven by faster-than-expected growth at its theme parks […]
AMD beats on earnings but will take $1.5 billion hit to revenue from chip restrictions to China
Kif Leswing May 6 2025 AMD reported first fiscal-quarter earnings on Tuesday that topped expectations, and provided a strong guide for current-quarter revenue. The company’s data center segment, including AI graphics and central processor sales, topped estimates and rose 57%. AMD’s forecast also included $800 million in costs that the company said it would incur […]