Mmastodon BusinessMarkets first seen 9 h ago, last 1 h ago, peak #3

Samsung profit jumps nine-fold, TSMC sales surge on AI

Original: Bloomberg: #Samsung reported an almost nine-fold rise in quarterly profit and #TaiwanSemiconductor’s sales jumped 51%, r

Samsung reported an almost nine-fold rise in quarterly profit, while Taiwan Semiconductor's sales jumped 51%, both driven by relentless spending on AI infrastructure. Despite the strong results, shares of both companies fell, suggesting investors may have been expecting even more or are taking profits after big gains in chip stocks.

Why now: Strong results from the world's leading chipmakers highlight how much of the AI investment boom is flowing to them, and the stock dips raised questions about whether expectations have outpaced reality.

SamsungTaiwan Semiconductor Manufacturing CompanyBloomberg

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Evidence

• Bloomberg: #Samsung reported an almost nine-fold rise in quarterly profit and #TaiwanSemiconductor’s sales jumped 51%, reflecting the spoils of relentless spending on #AI infrastructure. Both #stocks fell. #markets · dbcurren.bsky.social@bsky.brid.gy · 3

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