TSMC Reports Better-Than-Expected Sales on Sustained AI Demand
By Debby Wu 10/08/2025 22:39:30 [BN] (Bloomberg) — Taiwan Semiconductor Manufacturing Co. reported a 30% increase in its third-quarter sales as major US tech companies continued to make multibillion-dollar bets on AI. Revenue for the three-month period ending in September totaled NT$989.9 billion ($32.5 billion), according to Bloomberg News calculations based on monthly sales numbers […]
xAI to Raise $20 Billion After Nvidia and Others Boost Round (1)
Summary by Bloomberg AI Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion. The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and rent them to xAI for use in […]
Cisco Seeks to Challenge Broadcom in Connecting AI Data Centers
Summary by Bloomberg AI Cisco Systems Inc. is releasing a new chip and networking system to connect AI data centers across hundreds of miles. The Silicon One P200 chip and 8223 routing systems allow for faster transfers of data across long-haul optic cables and are smaller than the previous version. The new technology is meant […]
Oracle Is a Buy-the-Dip Opportunity, Analyst Says. How the Stock Could Rise 23%.
Mackenzie Tatananni Barron’s Oct 8, 2025 (Barron’s) — The time has come to buy the dip in Oracle stock, which fell after headlines about the software company’s gross margins sparked concern among investors, analysts say. Shares ended Tuesday’s session down 2.5% after The Information reported that the company was seeing weakness in margins as it […]
Nvidia shares rise after CEO Huang says AI computing demand is up ‘substantially’
Spencer Kimball CNBCC Oct 8, 2025 • Nvidia CEO Jensen Huang told CNBC that demand for AI is growing exponentially. • AI is also using exponential amounts of computing power, Huang said. • “We now have two exponentials happening at the same time,” the CEO said. • The U.S. needs to rapidly build out power […]
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 […]