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TSMC's third-quarter profit rose 40% on strong demand for AI chips

TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co (TSM, 2330.TW), the main maker of advanced chips for artificial intelligence applications, is expected to report a 40% jump in third-quarter profit on Thursday thanks to rising demand. The world's largest contract chipmaker,…

The rise in Nvidia stock pushes its market cap past Microsoft and nears record highs

Nvidia CEO Jensen Huang at the Bipartisan Policy Center on September 27, 2024 in Washington, DC photo: Chip Somodevilla (Getty Images) In this story Nvidia stock seems to be climbing back to its June record high. The AI ​​chip maker's…