(Bloomberg) — Taiwan Semiconductor Manufacturing Co. saw April sales jump 60% to NT$236 billion ($7.3 billion) as sustained artificial intelligence demand was helped by the beginnings of a recovery in consumer electronics. Most Read from Bloomberg The world’s largest contract chipmaker is running well ahead of estimates for revenue growth in the current quarter, after …
(Bloomberg) — Apple Inc. surprised investors with a decent beat on quarterly revenue from China, countering months of data that showed a quickening decline in iPhone sales. Most Read from Bloomberg Chief Executive Officer Tim Cook said iPhone revenue in mainland China grew “on a reported basis,” before adjustments related to Covid supply chain disruptions …
(Bloomberg) — Naver Corp., South Korea’s biggest internet company, is reviewing options for its holding in the operator of Japan’s most popular messaging app following pressure from Tokyo. Most Read from Bloomberg The company hasn’t determined its stance on its stake in LY Corp., Chief Executive Officer Choi Soo-yeon said on an earnings conference call …
(Bloomberg) — Qualcomm Inc., the world’s biggest seller of smartphone processors, gave an upbeat forecast for sales and profit in the current period, suggesting demand for handsets is increasing after a two-year slump. Most Read from Bloomberg Revenue in the three-month period ended in June will be $8.8 billion to $9.6 billion, the company said …
(Bloomberg) — Microsoft Corp. and Google owner Alphabet Inc. sent a clear message to investors on Thursday: Our spending on artificial intelligence and cloud computing is paying off. Most Read from Bloomberg The companies trounced Wall Street estimates with their latest quarterly results, lifted by a surge in cloud revenue — fueled in part by …
(Bloomberg) — Super Micro Computer Inc. and Nvidia Corp plummeted on Friday, with the two AI favorites leading a broad-based tech selloff. Most Read from Bloomberg The maker of equipment to handle artificial intelligence work sank 23%, its biggest drop since August, and it closed at its lowest in more than two months. Chipmaker Nvidia’s …
(Bloomberg) — AI’s voracious need for computing power is threatening to overwhelm energy sources, requiring the industry to change its approach to the technology, according to Arm Holdings Plc Chief Executive Officer Rene Haas. Most Read from Bloomberg By 2030, the world’s data centers are on course to use more electricity than India, the world’s …
(Bloomberg) — Apple Inc.’s iPhone shipments slid a bigger-than-projected 10% in the March quarter, reflecting flagging sales in China despite a broader smartphone industry rebound. Most Read from Bloomberg The company shipped 50.1 million iPhones in the first three months, according to IDC’s preliminary figures, falling shy of an average of analyst estimates compiled by …
(Bloomberg) — Chinese regulators are zeroing in on one of the country’s most prominent AI and computing firms, after a probe uncovered how the chairman’s wife secretly traded 150 million yuan ($21 million) of company stock during a year-long mega-rally. Most Read from Bloomberg Dawning Information Industry Co., one of a plethora of Chinese technology …
(Bloomberg) — Meta Platforms Inc.’s record-breaking, artificial intelligence-fueled rally has added $1 trillion in market value since its darkest days of 2022, and yet by some perspectives it’s still trading at a discount. Most Read from Bloomberg Its shares traded at 24 times estimated earnings early Wednesday, roughly in line with their 10-year average and …