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TSMC second-quarter profit beats expectations as AI chip boom continues
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge. Here are TSMC’s second-quarter results versus LSEG consensus […]
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Anthropic launches $100 million AI fund with Menlo Ventures, ramping up competition with OpenAI
Anthropic and one of its biggest investors are taking a page from Apple’s playbook. The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using the AI company’s technology. Menlo will put up the cash to invest in the startups, while Anthropic will […]
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Trump says Taiwan should pay the U.S. for defense; shares of chip giant TSMC fall
Former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024. Brendan Mcdermid | Reuters Former U.S. President Donald Trump, who is vying for another White House mandate, said he thinks Taiwan should pay the U.S. for defense, claiming that the country “doesn’t give […]
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IMF raises India’s economic outlook, says global growth will remain lackluster
The IMF said it is optimistic on Chinese consumption returning in the next few years, but falling birth rates will still cause an economic down. Martin Puddy | Photodisc | Getty Images The International Monetary Fund has upgraded its economic forecast for India for 2024, while warning that growth will dip in the following year. […]
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A growing number of parents are refusing to give their children smartphones — and the movement is going global
Photo: Jaromir Chalabala / Getty LONDON — The evidence linking smartphone use with mental health harms in children is growing and one grassroots organization in the U.K. is supporting parents who are refraining from giving their kids the devices. Smartphone Free Childhood, founded by Daisy Greenwell and Clare Fernyhough in February, set up various group […]
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Morgan Stanley hikes price targets for Asian stocks it says will benefit from greater iPhone demand
Increased shipments of Apple’s iPhones will be a key “volume driver” for the supply chain, according to Morgan Stanley. Consumers have been replacing their iPhones less often — an average of every five years from 3.7 years in 2021, according to the bank. But the situation is set to change, with Apple Intelligence predicted to […]
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Forget the Magnificent 7: UBS just refreshed its ‘Super 8’ list of global stock picks
The so-called “Magnificent Seven” were last year’s hot stocks, with investors piling into Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla . But for those looking for alternatives, UBS has refreshed its list of “highest conviction and most investable” tech stocks in Asia. The bank says these stocks are […]
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Apple releases iOS 18 public beta for iPhone — Here’s what’s new and how to get it
Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. Bloomberg | Getty Apple on Monday released a preview version of its big new iPhone update. The iOS 18 public preview is a beta version of the software […]
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A big European asset manager trims Nvidia shares after huge rally
DNB Asset Management, a Nordic fund giant managing nearly $90 billion as of the end of 2023, dumped a sizable portion of its Nvidia stake after the chipmaker’s stunning 2024 run, according to a new regulatory filing. The firm decreased its Nvidia share count by 9% in the second quarter to about 9.3 million shares, […]
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Stocks making the biggest moves midday: Trump Media, Macy’s, Goldman, Coinbase and more
Check out the companies making headlines in midday trading: Humana , UnitedHealth Group — Health care insurers rose as a group Monday as the greater likelihood of a Donald Trump victory in this year’s presidential election raised hopes of fewer cost pressures. Shares of Humana and UnitedHealth Group gained around 1% each. Wolfe Research on […]
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