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TSMC reports record June revenue, second quarter sales top guidance
Proactive34d agoneutral
TSMC reports record June revenue, second quarter sales top guidance

Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) reported record June revenue of NT$442.7 billion (about US$13.2 billion), as strong demand for its chips helped lift second-quarter sales above the high end of the company's guidance. June revenue increased 67.9% from a year earlier and...

American drivers just sent Detroit a clear message
TheStreet34d agoneutral
American drivers just sent Detroit a clear message

Markets rarely speak in press releases. They speak in the quiet, unglamorous act of a person signing for a car and driving it home. Detroit spent the better part of a decade listening to a different signal. Executives read the headlines, the climate targets, and the government incentives, and they ...

Spencer Jakab | Media Deals’ Poor Record
The Wall Street Journal34d agoneutral
Spencer Jakab | Media Deals’ Poor Record

There’s a golden opportunity to play mogul via shares of Warner Bros. Discovery, which agreed to be bought for $81 billion by smaller Paramount Skydance, given the more than 16% upside to the closing price and the companies’ intention to close this quarter.

Investing.com34d agoneutral
Apple stock target raised as Citi sees continued market share gains

Investing.com -- Citi has increased its price target on Apple (NASDAQ: AAPL) to $365 and maintained its Buy rating on the stock in a note on Monday, citing the company's ability to gain market share in a challenging devices environment and its capacity to implement selective price increases to protect margins.

Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch
Reuters34d agoneutral
Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch

Global smartphone shipments fell 11% in the second quarter to their lowest level ‌for the period since 2013, as a prolonged ‌memory chip shortage drove up handset prices and dampened demand, according ​to early estimates from Counterpoint Research. Apple bucked the trend with a 3% rise in shipments, taking its global market share to a record 20% in the quarter ‌on resilient demand for ⁠its premium iPhone lineup and keeping prices unchanged. However, analysts expect price increases in ⁠the coming months.

Bloomberg34d agoneutral
Shein Is Said to Target Up to $3 Billion Hong Kong IPO by August

(Bloomberg) -- Shein Global Holdings Ltd. is seeking to list in Hong Kong as soon as in August after securing approval from China’s securities regulator, according to people familiar with the matter.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as

📈 Earnings Snippet: TSMC’s June
The Wall Street Journal34d agoneutral
📈 Earnings Snippet: TSMC’s June

Taiwan Semiconductor Manufacturing said its revenue last month jumped 68% compared with a year ago, hitting a record That implies that TSMC's second-quarter revenue came in at the equivalent of $39.55 billion, a record for the company and slightly above a FactSet consensus.

Bloomberg34d agoneutral
Saylor’s Strategy Raises Reserve to $3 Billion With Stock Sale

(Bloomberg) -- Michael Saylor’s Strategy Inc. raised about $467 million through the sale of common stock, lifting its cash reserve to roughly $3 billion while refraining from buying or selling Bitcoin.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes a

Bloomberg34d agoneutral
Wall Street Mounts Pushback on Trillion-Dollar Stablecoin Boom

(Bloomberg) -- For years, banks largely watched stablecoins evolve from a niche cryptocurrency product into a payments network moving tens of trillions of dollars annually. Now they’re dusting off the same collaborative playbook that produced Zelle, betting shared infrastructure is the best way to stop digital dollars from encroaching further on their business.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Gro

Intel announces $5.7 billion capital investment at Irish manufacturing hub
Reuters34d agoneutral
Intel announces $5.7 billion capital investment at Irish manufacturing hub

Intel has begun a €5 billion ($5.7 billion) capital investment at its Irish campus ‌to expand its manufacturing output in Europe and ‌meet growing global demand for AI and high-performance computing, the U.S. chipmaker ​said on Monday. Intel said the move would maximize capacity at its European manufacturing base in Leixlip outside Dublin, expanding current production output, advancing research and development activities and utilising ‌capacity across existing cleanroom ⁠space. Intel is one of the key multinationals in Ireland's foreign investment-focused economy, having already invested €30 ⁠billion in the country since 1989, more than half of which was spent between 2019 and 2023 to double ​capacity at ​the plant in order to ​produce the company's most ‌advanced process technologies.

Bloomberg34d agoneutral
Intel Invests €5 Billion in Irish Hub to Keep Up in AI Chip Race

(Bloomberg) -- Intel Corp. is spending €5 billion ($5.7 billion) to expand its plant in Ireland, as the chipmaker attempts to regain its manufacturing dominance for the AI boom.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Hormuz Route Open Despite Iran Declaration, Maritime Group SaysOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleTrump Embraces Australian Retirement System Backed by Larry FinkUS Renews Iran Strikes as Both Sides Dispute Hor

Big bank earnings on tap: Why these 2 could surprise to the upside
Yahoo Finance Video34d agoneutralVIDEO
Big bank earnings on tap: Why these 2 could surprise to the upside

Big banks are kicking off second quarter earnings season on Tuesday, Jul. 14, with reports from JPMorgan (JPM), Goldman Sachs (GS), Wells Fargo (WFC), Bank of America (BAC), and Citigroup (C). Morgan Stanley (MS) posts its results on Wednesday. RBC Capital Markets analyst Gerard Cassidy shares which banks he thinks could surprise markets and investors.

Meta Scales Up Louisiana AI Data Center
The Wall Street Journal34d agoneutral
Meta Scales Up Louisiana AI Data Center

> $50 billion How much Meta Platforms expects its massive data center in Northeast Louisiana to cost—nearly double the original $27 billion estimate—after supersizing the project to 5 gigawatts of compute capacity.