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TSMC, the go-to chipmaker for Apple Inc. and Nvidia Corp., now foresees mid-30% growth in annual sales, up about a few percentage points from previously. The outlook hike was striking given Taiwan’s biggest company last raised its guidance just three months ago, igniting a rally that’s tacked on more than $260 billion to its market value. The results underscore how TSMC remains one of the bigger beneficiaries of a spending spree on AI infrastructure that’s expected to cross the $1 trillion mark in coming years...
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Revenue growth recently accelerated in some of Alphabet's core businesses, including Google Search and Google Cloud...
Continue ReadingTaiwan Semiconductor Manufacturing Co. hiked its projection for 2025 revenue growth to the mid-30% range. The company also raised the lower end of its capital spending target for the year after reporting a better-than-anticipated 39% jump in profit in the September quarter. TSMC is the go-to chipmaker for Apple Inc. and most of the world's biggest semiconductor designers. The results show Taiwan's largest company remains one of the bigger beneficiaries of a spending spree on AI infrastructure. Bloomberg Intelligence's Matthew Bloxham breaks down the numbers...
Continue ReadingThe global industrial software market, valued at $110.52 billion in 2023, is projected to reach $189.68 billion by 2029, driven by automation trends, Industry 4.0 technologies, and a shift to cloud-based solutions. With a CAGR of 9.42% from 2024-2029, the market is segmented by platform (on-premise, cloud) and end users like BFSI and manufacturing. North America leads the market due to advanced IT infrastructure, while Asia-Pacific is the fastest-growing region. Key market drivers include indust...
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Microsoft's Copilot is already helping generate billions in revenue, while Apple is in the midst of enhancing its iPhones with new AI features...
Continue ReadingSYDNEY (Reuters) -The head of Australia's Macquarie Asset Management (MAM), which sold its Aligned Data Centers business in a deal worth $40 billion, said on Thursday the sale was not a sign the global data centre boom had peaked. Aligned emerged as one of the world's largest data centre operators during the seven years it was owned by MAM, the funds management arm of investment bank Macquarie Group. MAM head Ben Way said the decision to sell to investors including BlackRock, Microsoft and Nvidia, was not a warning sign for the sector or AI...
Continue ReadingWe recently published 10 Trending Stocks to Watch As AI Bubble Warnings Heat Up. Apple Inc (NASDAQ:AAPL) is one of the trending stocks. Billionaire Paul Tudor Jones recently warned that “ingredients” are in place for a massive stock rally before a potential downturn amid rising speculative behavior in the markets. The billionaire said investors should position themselves […]...
Continue ReadingZacks highlights Shopify, Amazon, Wix.com, and Commerce.com, noting Shopify's strong momentum, AI-driven innovation, and expanding global reach despite a premium valuation...
Continue ReadingZacks highlights Amazon, Microsoft, IonQ, Google, and IBM as key beneficiaries of rising quantum computing investments fueled by renewed U.S. government support and global funding momentum...
Continue ReadingIBM remains a buy for its stable legacy business, strong software growth, and resilient consulting outlook amid elevated valuations. Read why IBM stock is a buy...
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