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TSMC says Japan plant gradually resuming operations after earthquake
Reuters14d agoneutral
TSMC says Japan plant gradually resuming operations after earthquake

Taiwan Semiconductor Manufacturing Co, the world's largest ‌contract chipmaker, said late ‌on Tuesday it had begun gradually resuming ​operations at its Japan Advanced Semiconductor Manufacturing (JASM) plant in Japan's Kumamoto prefecture after a strong earthquake prompted ‌the precautionary evacuation ⁠of workers. The company said all personnel at the Japan site were confirmed ​safe after ​being evacuated ​in accordance with ‌internal safety procedures. JASM's construction site was ‌unaffected, TSMC said, adding ​that parts ​of the construction work had been suspended as a safety ​precaution because ‌there could still be occasional ​aftershocks.

Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry
The Wall Street Journal14d agoneutral
Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry

Visa is cutting 2,600 jobs, or about 7% of its workforce, as it works to adapt to the rapidly changing payments industry. “To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work,” he wrote in a memo viewed by The Wall Street Journal. Visa joins other large companies seeking to streamline operations and improve efficiency with AI.

PayPal Q2 Earnings Call Highlights
MarketBeat14d agoneutral
PayPal Q2 Earnings Call Highlights

PayPal (NASDAQ:PYPL) reported second-quarter results that exceeded its expectations, citing growth in Venmo, credit products and Braintree, while raising full-year guidance for transaction margin dollars and non-GAAP earnings per share. CEO Enrique Lores said revenue increased 5% during the quarter

CommVault Systems Q1 Earnings Call Highlights
MarketBeat14d agoneutral
CommVault Systems Q1 Earnings Call Highlights

CommVault Systems (NASDAQ:CVLT) reported first-quarter fiscal 2027 results that exceeded its expectations, driven by continued growth in subscription and software-as-a-service offerings, while the company raised its full-year non-GAAP EBIT margin outlook and subscription revenue guidance. Chief Exe

Core Scientific Q2 Earnings Call Highlights
MarketBeat14d agoneutral
Core Scientific Q2 Earnings Call Highlights

Core Scientific (NASDAQ:CORZ) said it has entered a commercial partnership with AMD covering up to 2.5 gigawatts of data center capacity, beginning with approximately 530 megawatts across five campuses under 15-year agreements. Chief Executive Officer Adam Sullivan said the initial agreements repre

Cadence Stock Can Be an AI Winner. The Earnings Prove It.
Barrons.com14d agoneutral
Cadence Stock Can Be an AI Winner. The Earnings Prove It.

Cadence Design Systems stock jumped Tuesday after the chip-design company reported better-than-expected earnings and reaffirmed its positioning as an artificial-intelligence beneficiary. Cadence reported adjusted earnings of $2.11 a share in the second quarter, up from $1.65 a year ago and above analysts’ consensus estimate of $2.05, according to FactSet. Cadence lifted its full-year guidance for adjusted earnings per share to between $8.05 and $8.15, up from a previous range of $7.85 to $7.95.

Hedge funds on track for another stellar year on AI boom
Reuters14d agoneutral
Hedge funds on track for another stellar year on AI boom

Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half ‌performance for money managers across most investment strategies, according to a Goldman Sachs note sent to ‌clients that was seen by Reuters. During the first six months of this year, hedge funds returned an average of 7%, well above the 10-year ​average of 4.1%, according to the Goldman report. "The first half of 2026 was notably strong for risk assets – an equity market rally ‌helped to offset softer fixed income performance, ⁠propelling a 60/40 passive portfolio to a return of 5.7% – but in spite of this, hedge funds continued their run of outperformance," Goldman said.

Coca-Cola second quarter earnings top estimates, raises full-year guidance
Proactive14d agoneutral
Coca-Cola second quarter earnings top estimates, raises full-year guidance

The Coca-Cola Company (NYSE:KO) reported better-than-expected second quarter results on Tuesday and raised its full-year guidance, sending shares up almost 7% in early trading on Tuesday. The beverage maker posted adjusted earnings of $0.97 per share for the quarter, ahead of Wall Street...

Investing.com14d agoneutral
Apple’s bold new smart home revolution is coming

According to reporting from Bloomberg’s Mark Gurman, Apple is preparing an aggressive push into the living room with an AI-powered command center designed to sit at the heart of your home. The core of Apple’s immediate strategy centers on a new wall- or desk-mounted smart display featuring a roughly 7-inch square screen. Powered by a customized operating system that blends elements of tvOS, watchOS, and iOS, the UI relies on a familiar grid of apps, interactive widgets, and customizable Apple Wa

Bloomberg14d agoneutral
Nasdaq 100 Heads for Correction as AI Worries Rattle Investors

(Bloomberg) -- The Nasdaq 100 Index is on track to enter a correction as worries about the eventual payoffs from artificial intelligence investments sour sentiment in the technology giants that have powered most of this year’s stock-market advance. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China