TSMC Posts First Profit Growth in a Year After Global AI Boom
Taiwan Semiconductor Manufacturing Co. posted its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker.
Taiwan Semiconductor Manufacturing Co. posted its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker.
China Tianrui Group Cement Co. said a sudden drop in its stock last week triggered a margin call for a major shareholder, shedding some light on a dramatic plunge that wiped out nearly all of its market value.
Stocks in Asia rose Thursday as pushback from authorities against a stronger dollar helped stabilize currencies and restored a sense of confidence in the region’s financial markets.
Nordea Bank Abp, the largest lender in the Nordic region, said its first-quarter net interest income continued to climb, rising 11% from a year ago and beating analysts’ expectations.
A gauge of global chip stocks and AI bellwether Nvidia Corp. have fallen together into a technical correction, showing moderation in the global equity market’s most conspicuous driver over the past year and a half.
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