Mmastodon BusinessMarkets first seen 19 h ago, last 8 min ago, peak #3

Samsung and TSMC post huge AI-driven gains

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%, results Bloomberg attributes to relentless spending on AI infrastructure. Despite the strong numbers, both companies' stocks fell after the announcements, as investors weighed whether the gains were already priced in amid concerns about the durability of the AI investment boom.

Why now: Massive earnings from the two biggest chipmakers highlight how much companies are profiting from the AI boom, while the stock drops raise questions about market expectations.

SamsungTaiwan Semiconductor Manufacturing CompanyBloomberg

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Rank over time, top of the chart is #1. 15 snapshots from 19 h ago to 8 min ago.

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

API: https://socialmediatrends-api.osmike.com/v1/trends/1491679