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TSMC's third-quarter revenue surges to record, beating market forecast

TSMC's third-quarter revenue surges to record, beating market forecast

TAIPEI, Oct 8 (Reuters) - TSMC, the world's largest contract chipmaker, reported on Thursday record third-quarter revenue of T$1.49 trillion ($46.71 billion), beating the market forecast and rising 50% from the year-earlier period due to surging demand for AI applications.

Shares slip as bond bashing rumbles on

Shares slip as bond bashing rumbles on

By Marc Jones and Wayne Cole LONDON/SYDNEY, Oct 8 (Reuters) - Global shares slid on Thursday as strains in sovereign bond markets were aggravated by a jump in oil prices and reports that some major tech firms were seeking to raise billions in debt in direct competition for limited funding.

Samsung flags $80 billion profit on AI boom, highest quarterly for any tech company

Samsung flags $80 billion profit on AI boom, highest quarterly for any tech company

By Heekyong Yang and Hyunjoo Jin SEOUL, Oct 8 (Reuters) - Samsung Electronics on Thursday projected its quarterly profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory

Bank of Japan Upgrades Economic Assessment for Two Regions Amid Strong AI Demand

Bank of Japan Upgrades Economic Assessment for Two Regions Amid Strong AI Demand

Bank of Japan Upgrades Economic Assessment for Two Regions Amid Strong AI Demand

US stocks edge further from their record as oil prices rise

US stocks edge further from their record as oil prices rise

The U.S. stock market is edging a bit further from its record high

Higher oil prices pull the US stock market further from its record

Higher oil prices pull the US stock market further from its record

Stocks are slipping on Wall Street after the price for a barrel of Brent climbed back above $104

Shares slip as European bond bashing rumbles on

Shares slip as European bond bashing rumbles on

By Marc Jones and Wayne Cole LONDON/SYDNEY, Oct 8 (Reuters) - Global shares slid on Thursday as strains in sovereign bond markets were aggravated by a jump in oil and gas prices and reports that some major tech firms were seeking to raise billions in debt in direct competition for limited funding.

WTO raises merchandise trade growth forecast to 3.9% as AI boom offsets hit from Middle East

WTO raises merchandise trade growth forecast to 3.9% as AI boom offsets hit from Middle East

The World Trade Organization is sharply increasing its forecast for global merchandise trade growth this year to 3.9%

AMD plans to substantially increase supply in 2027, CEO says

AMD plans to substantially increase supply in 2027, CEO says

By Wen-Yee Lee TAIPEI, Oct 6 (Reuters) - AMD plans to substantially increase chip supply in 2027 as the US chipmaker races to meet booming demand from artificial intelligence, CEO Lisa Su said on Tuesday.

AI racks are outgrowing old power: 2 chipmakers have a strategy

AI racks are outgrowing old power: 2 chipmakers have a strategy

The fix could still decide which suppliers win the next round of AI buildouts.

Saia Develops Energy-Efficient AI Chip, Plans Mass Production by 2028

Saia Develops Energy-Efficient AI Chip, Plans Mass Production by 2028

Saia Develops Energy-Efficient AI Chip, Plans Mass Production by 2028

S&P 500 set to open near record highs as Treasury yields cool, oil slips

S&P 500 set to open near record highs as Treasury yields cool, oil slips

By Tharuniyaa Lakshmi and Shashwat Chauhan Oct 6 (Reuters) - The S&P 500 was poised to open near record highs on Tuesday, as Treasury yields eased from multi-year highs and oil prices fell, while investors looked forward to the upcoming quarterly earnings season.