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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

Micron Technology beats estimates as AI boom fuels unprecedented demand for memory chips

Micron Technology delivered a stunning forecast, projecting third-quarter revenue of $33.5 billion—far exceeding Wall Street's $24.29 billion estimate. The chipmaker's second-quarter revenue nearly tripled to $23.86 billion as surging demand for memory chips used in artificial intelligence hardware drives an unprecedented market shift. However, shares dipped 4% after the company raised its capital expenditure to over $25 billion.

Business4 sources

Micron Technology beats estimates as AI boom fuels unprecedented demand for memory chips

Business4 sources

Meta ends metaverse era as Horizon Worlds loses VR access after $80 billion investment

Meta is shutting down Horizon Worlds on Quest VR headsets by June 15, marking a dramatic retreat from Mark Zuckerberg's metaverse vision. After burning through over $80 billion since 2020, Reality Labs posted a record $6.02 billion loss in Q4. The company now shifts focus to AI-powered products like Ray-Ban Meta glasses.

Technology4 sources

Meta ends metaverse era as Horizon Worlds loses VR access after $80 billion investment

Technology4 sources

Trustpilot targets e-commerce partnerships as AI boom drives 1,490% click-through surge

Trustpilot's annual profit more than quadrupled as AI search tools drove a massive 1,490% surge in click-throughs. The review platform is now pursuing partnerships with major e-commerce players and expects margins to double by 2030, positioning itself as a critical data source for AI agents. The company was the fifth most cited domain globally on ChatGPT in January 2026.

Business3 sources

Trustpilot targets e-commerce partnerships as AI boom drives 1,490% click-through surge

Business3 sources

Nvidia's networking business overtakes Cisco as AI infrastructure dominance expands beyond chips

Nvidia's networking division generated $31 billion in annual revenue, surpassing Cisco to become the world's largest networking company. The business grew 267% year-over-year, driven by demand for AI data center infrastructure. This expansion signals Nvidia's push beyond chips into end-to-end AI solutions, challenging established players across multiple categories.

Technology3 sources

Nvidia's networking business overtakes Cisco as AI infrastructure dominance expands beyond chips

Technology3 sources

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