TSMC delivered a far bigger earnings beat than investors expected on Thursday, as demand for advanced AI chips pushed quarterly profit above NT$700 billion for the first time.Net income surged 77.4% to a record NT$706.56 billion, comfortably exceeding the NT$632.6 billion estimates. Diluted earnings rose to NT$27.25 a share, equivalent…
Kioxia’s stock price has plunged since reaching a record high in late June, falling from ¥112,750 to ¥63,100 today. The shares have dropped to their lowest level since May 29, mirroring the broader selloff across memory-chip stocks while significantly underperforming the Nikkei 225 Index.Kioxia stock drops despite the memory boomTop…
Nvidia’s latest Japanese collaboration may not change earnings forecasts overnight, but it offers a glimpse of where the chipmaker expects artificial intelligence to travel next.Fujitsu is bringing together FANUC, Yaskawa Electric and Kawasaki Heavy Industries to explore a physical-AI control platform using Nvidia technology, with applications across factories, logistics networks…
Shares of British engineering company Rotork surged 67% on Thursday after Swiss industrial giant ABB agreed to acquire the company for $5.5 billion in the largest acquisition in ABB’s history, extending a wave of foreign takeovers that is reshaping the UK stock market.The recommended cash offer eclipses ABB’s previous biggest…
One of Wall Street’s most dependable income stocks has quietly become a market outperformer trading close to a record high. Its dividend yield is roughly twice that of the broader market, while its payout has increased every year for more than six decades.The company is Coca-Cola (NYSE: KO). Investors have…
Ocado shares fell sharply on Thursday. The British technology and online grocery group’s stock hit its lowest level in 13 years.Investors were disappointed after the company failed to show meaningful progress in securing new US retail partners.The market is closely watching Ocado’s efforts to grow its customer base. The company…
US stock futures were mixed on Thursday as investors paused after a two-day advance and weighed whether strong earnings can keep the rally moving while semiconductor shares remain under pressure.Futures tied to the Dow Jones Industrial Average surged 131 points, or 0.08%, reversing an earlier gain. S&P 500 futures edged…
US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in energy costs.Data released by the Bureau of Labor Statistics on Wednesday showed the producer price index (PPI), which measures prices…
Morgan Stanley has identified three stocks that could outperform as the second-quarter earnings season gets underway. The Wall Street bank highlighted GE Vernova (NYSE: GEV), Lam Research (NASDAQ: LRCX), and United Airlines (NASDAQ: UAL) among its top picks, citing expectations that they will deliver strong quarterly earnings. GE Vernova GE Vernova stock…
Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering modestly from its lowest level of the week.Lucid Group stock rises after denying it’s going bankrupt or privateLCID stock crawled…