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ARTIFICIAL INTELLIGENCE DEMAND
Foxconn posts quarterly profit surge on AI server demandThe company said net profit for April-June reached NT$59.97 billion ($1.86 billion), up 35% from the previous year. Foxconn, whose official...- Oracle plans fresh layoffs as AI spending piles up billions in debt: ReportOracle is reportedly planning another round of job cuts. This move aims to reduce payroll while investing heavily in AI infrastructure. The...
- TSMC approves $29.44 billion capital budget for capacity expansion amid AI demandTaiwan Semiconductor Manufacturing Co. (TSMC) approved a capital budget of about USD 29.44 billion for expansion amid the ongoing artificia...
- Global Market: Kospi extends winning streak as AI optimism lifts chip stocksSouth Korean shares rose for a third straight session, with the Kospi gaining 3.46% as chipmakers rallied on optimism over strong AI infras...
- IBM, Together AI ink $240 million deal for Nvidia-powered AI inference clusterThe cluster will provide inference for open-source AI models, which have gained traction as businesses seek to rein in AI costs and weigh...
- Is Microsoft overbuilding AI capacity? Bernstein says no, raises target price to $660Bernstein maintains an Outperform rating on Microsoft and raises its target to $660, citing disciplined AI infrastructure spending, flexibl...
- Singapore says AI-related demand lifting economyStrong AI-related demand helped the electronics and precision engineering clusters of the manufacturing sector, as well as the machinery, e...
- HCLTech says no evidence of system compromise after hacker group’s data breach claimIn an exchange filing, HCLTech said its initial investigation found the data "may be limited and dated to a few years back." The company sa...
- Finance panel calls for AI checks for tax refundsA parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine ...
- Hindustan Copper net rises over 2x in Q1Hindustan Copper Limited announced a substantial profit increase for the first quarter. Total income also saw a significant rise compared t...
- Intel shares drop 5% after announcing $15 billion offering to support AI growthIntel shares fell over 5% after the semiconductor giant announced a $15 billion common stock offering to fund capital needs and support AI-...
- Is 'Trumpflation' real? Why Wall Street fears this could be a reason for stock market crashWall Street's record rally faces a new test as 'Trumpflation' concerns grow alongside AI-driven pricing pressures. Sticky core PCE inflatio...
- AI frenzy spooks investors but JPMorgan CEO Jamie Dimon says spending boom likely to pay off. Here's whyJPMorgan Chase CEO Jamie Dimon believes massive capital expenditure in artificial intelligence by hyperscalers will ultimately pay off desp...
- Global Market: China, Hong Kong stocks rise as strong trade data and AI demand lift sentimentChina and Hong Kong equities advanced on Friday after stronger-than-expected July trade data reinforced confidence in the country's export ...
- Explained: How AI-led Kospi, Nikkei selloff sparked record 15% drawdown in Asian funds in JulyAsia’s major multi-strategy funds suffered sharp July losses as an AI-linked stock selloff across Japan, South Korea and China erased much ...
- Gracenote anchors global AI development in India, unveils MCP server for entertainment discoveryGracenote's India technology center is leading the company's artificial intelligence development efforts. This includes a new Model Context...
- US trade deficit contracts in JuneThe United States trade deficit saw a decrease in June. This contraction occurred as imports dropped significantly during the month. Howeve...
- India's data centre boom may drive 195 mn sq ft housing demandIndia's proposed data centres will create nearly 4.33 lakh ecosystem jobs. This expansion is projected to generate substantial residential ...
- Taiwan's economy grows by almost 13% on AI demandTaiwan's exports surged 21.6% year-on-year in the second quarter, which was "mainly driven by the sustained strong external demand for arti...
- Why high-conviction investor Cathie Wood bought Nvidia after it erased billions from May highCathie Wood's Ark Invest bought nearly 79,000 Nvidia shares worth about $15.5 million after the AI chipmaker's recent selloff, reaffirming ...
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