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European chip stocks surge as AI-driven demand fuels strong earnings and investor optimism

European chip and electrical equipment stocks rallied sharply as investors responded to strong earnings reports driven by the artificial intelligence investment boom. ASM International surged 9% to an all-time high, while ABB hit a new record after raising its outlook on booming data centre demand. The gains mirror a historic 15-session winning streak in the U.S. SOX index.

Business2 sources

European chip stocks surge as AI-driven demand fuels strong earnings and investor optimism

Business2 sources

Salesforce CEO Marc Benioff Dismisses AI Fears as Stock Plunges 28% Amid SaaSpocalypse Panic

Salesforce CEO Marc Benioff pushes back against Wall Street's AI disruption fears as the company's stock drops 28% this year. While investors worry that AI will destroy the software-as-a-service model, Benioff argues AI is making Salesforce more valuable, pointing to its $300 million Anthropic investment and upcoming Agent Albert platform.

Business2 sources

Salesforce CEO Marc Benioff Dismisses AI Fears as Stock Plunges 28% Amid SaaSpocalypse Panic

Business2 sources

Netflix launches vertical video feed this April, expands AI recommendations across platform

Netflix is rolling out a TikTok-like vertical video feed within its mobile apps this month, alongside expanded AI-powered recommendations. The streaming service, which ended 2025 with 325 million subscribers, aims to transform how users discover content while using generative AI to enhance both personalization and content creation through its recent Interpositive acquisition.

Technology2 sources

Netflix launches vertical video feed this April, expands AI recommendations across platform

Technology2 sources

Taiwan stock market surges past UK with $4.14 trillion valuation as AI boom fuels TSMC growth

Taiwan's stock market has overtaken the UK to become the world's seventh-largest, reaching $4.14 trillion in market capitalization. The surge comes as TSMC reported record earnings with 58% net income growth, driven by insatiable demand for AI chips. The Taiex Index has gained 26.5% year-to-date, while TSMC alone represents 45% of Taiwan's entire market cap.

Business2 sources

Taiwan stock market surges past UK with $4.14 trillion valuation as AI boom fuels TSMC growth

Business2 sources

TSMC profit surges 58% on AI demand as chipmaker expands 3nm capacity amid rising costs

Taiwan Semiconductor Manufacturing Co. posted a record $18 billion quarterly profit, driven by surging global demand for chips used in AI applications. The world's largest contract chipmaker raised its 2026 revenue guidance to above 30% growth and announced plans to add three new 3-nanometer fabrication plants. However, TSMC warned that geopolitical tensions in the Middle East could impact profitability as supply chain costs increase.

Business12 sources

TSMC profit surges 58% on AI demand as chipmaker expands 3nm capacity amid rising costs

Business12 sources

ASML raises 2026 sales forecast to €40 billion as AI chip demand outpaces supply

Dutch chipmaking equipment giant ASML boosted its full-year revenue outlook to €36-40 billion, up from €34-39 billion, as surging AI infrastructure investments drive unprecedented demand. First-quarter net sales hit €8.8 billion while customers including TSMC and Samsung accelerate capacity expansion, though export controls on China sales pose geopolitical risks.

Business13 sources

ASML raises 2026 sales forecast to €40 billion as AI chip demand outpaces supply

Business13 sources

Amazon's AI chip business hits $20 billion run rate as Jassy hints at external sales

Amazon revealed its custom chip business generates over $20 billion annually, growing at triple-digit rates. CEO Andy Jassy disclosed in his shareholder letter that AWS AI revenue reached a $15 billion run rate in Q1 2026, while defending the company's $200 billion capital expenditure plan. The tech giant may soon sell its Trainium and Graviton chips directly to third parties.

Business14 sources

Amazon's AI chip business hits $20 billion run rate as Jassy hints at external sales

Business14 sources

Applied Digital beats revenue estimates as AI data center demand accelerates to new highs

Applied Digital reported third-quarter revenue of $126.6 million, crushing analyst estimates of $76.6 million with 139% year-over-year growth. The company now operates one of the only fully operational 100 MW liquid-cooled data centers globally, as hyperscalers aggressively compete for AI infrastructure capacity. CEO Wes Cummins says demand has reached unprecedented levels.

Business2 sources

Applied Digital beats revenue estimates as AI data center demand accelerates to new highs

Business2 sources

Grab bets on AI-led products to counter fuel costs and drive growth amid economic headwinds

Southeast Asia's leading ride-hailing and delivery firm Grab is banking on artificial intelligence to navigate rising fuel costs and economic challenges. CEO Anthony Tan revealed the company's AI-led product strategy includes 13 new products, featuring a group ride option that cuts customer fares by up to 40%. Despite posting its first-ever net profit, Grab's revenue forecast fell short of expectations as its share price dropped nearly 30% this year.

Business2 sources

Grab bets on AI-led products to counter fuel costs and drive growth amid economic headwinds

Business2 sources

Samsung posts record profit up eightfold as AI chips demand defies geopolitical uncertainties

Samsung Electronics reported a preliminary operating profit of $37.9 billion for Q1 2026, an eightfold increase driven by explosive demand for memory chips used in AI computing and data centers. The result nearly triples the company's previous quarterly record and exceeds its entire 2025 profit, signaling an unprecedented supercycle in the semiconductor industry despite Middle East conflict concerns.

Business14 sources

Samsung posts record profit up eightfold as AI chips demand defies geopolitical uncertainties

Business14 sources

TSMC revenue growth beats estimates as AI demand survives Middle East war disruption

Taiwan Semiconductor Manufacturing Co. reported a 35% quarterly revenue increase to $35.6 billion, signaling that global AI chip demand remained robust during the first weeks of Middle East conflict. The chipmaker for Nvidia and Apple is expected to post its fourth straight quarter of record profit with a 50% surge in net income, driven by insatiable demand for 3-nanometre technology and advanced packaging.

Business9 sources

TSMC revenue growth beats estimates as AI demand survives Middle East war disruption

Business9 sources

Bitcoin Miner MARA Cuts 15% of Workforce After $1.1 Billion BTC Sale to Fund AI Pivot

MARA Holdings has laid off 15% of its workforce following a $1.1 billion Bitcoin sale, marking a strategic shift from pure-play mining to AI and energy infrastructure. The move reflects mounting pressure across the cryptocurrency mining sector, where companies are pivoting to high-performance computing amid declining profitability post-halving.

Business2 sources

Bitcoin Miner MARA Cuts 15% of Workforce After $1.1 Billion BTC Sale to Fund AI Pivot

Business2 sources

Eric Jackson shorts Salesforce and four other software stocks, citing AI Paradox research

Hedge fund founder Eric Jackson announced short positions in five major software companies after analyzing 716 earnings calls. His research reveals an AI Paradox: companies mentioning AI most frequently underperform peers by 5.4 percentage points over 90 days, suggesting AI buzzwords mask underlying threats from AI automation rather than signal genuine business growth.

Business2 sources

Eric Jackson shorts Salesforce and four other software stocks, citing AI Paradox research

Business2 sources

Zhipu AI revenue doubles to $105M as net losses climb 60% amid fierce China AI rivalry

Chinese artificial intelligence company Zhipu AI reported a 132% surge in annual revenue growth to $105 million, but net losses widened 60% to $682 million as intense competition in China's AI market drives aggressive spending. The Beijing-based firm's first earnings since its Hong Kong IPO reveal the high costs of competing with rivals like MiniMax and Alibaba.

Business3 sources

Zhipu AI revenue doubles to $105M as net losses climb 60% amid fierce China AI rivalry

Business3 sources

Pony AI swings to profit, plans robotaxi expansion to 20 cities with Uber partnership

Pony AI delivered its first profitable quarter with $75.5 million net income, driven by investment gains. The company's robotaxi revenue surged 160% year-over-year as it achieved unit economics breakeven in Chinese cities. Pony AI now targets deploying over 3,000 robotaxis across 20+ cities globally in 2026, including Europe's first commercial service in Zagreb through an Uber partnership.

Technology3 sources

Pony AI swings to profit, plans robotaxi expansion to 20 cities with Uber partnership

Technology3 sources

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