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Vishakha Singh

TSMC Profit Tops 61% to All-Time High, Boosted by Surging AI Chip Demand

TSMC Profit Tops 61% to All-Time High, Boosted by Surging AI Chip Demand

Hsinchu, Taiwan – July 17, 2025: The world's biggest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), has recorded a stunning 61% year-over-year increase in second-quarter profit of 2025 driven by hyper demand for artificial intelligence (AI) chips. The net income of the company climbed to NT\$398.27 billion

Goldman Sachs Exceeds Expectations as Traders Bring in $840 Million More Revenue Than Projected

Goldman Sachs Exceeds Expectations as Traders Bring in $840 Million More Revenue Than Projected

Goldman Sachs produced a blockbuster second-quarter earnings report on Wednesday, well outpacing expectations. Powered by robust performance in its trading business, the Wall Street titan posted a 22% jump in year-over-year profit, largely owing to surging equities and fixed income revenues. The investment bank recorded a profit of \$10.91

Shares of ASML Fall 6.5% Following Caution That It Can't Assure Expansion in 2026

Shares of ASML Fall 6.5% Following Caution That It Can't Assure Expansion in 2026

ASML, a key figure in the international semiconductor supply chain, watched its stocks plummet by a steep 6.5% after a conservative forecast on its growth prospects in 2026. Even after announcing robust financial performance in the second quarter of 2025, the Dutch technology giant was in doubt regarding its

Meta CEO Zuckerberg Announces First AI Data Supercluster 'Prometheus' to Go Live in 2026

Meta CEO Zuckerberg Announces First AI Data Supercluster 'Prometheus' to Go Live in 2026

Meta CEO Mark Zuckerberg said on Monday that the company is about to launch its initial artificial intelligence supercluster, which it has called Prometheus, onto the internet in 2026. It is a risky project that is one of many aimed at establishing Meta as a powerhouse in the AI competition—

Nvidia to Resume H20 AI Chip Sales to China Following U.S. Government Assurances

Nvidia to Resume H20 AI Chip Sales to China Following U.S. Government Assurances

In a major boost to the worldwide semiconductor sector, Nvidia said on Tuesday that it is gearing up to restart sales of its H20 AI chips to Chinese buyers. The decision comes amid guarantees from the U.S. government that export permits shall be issued, ending a months-long pause precipitated

Tesla's Model Y Launches in India for $70,000 as Company Tests the Waters

Tesla's Model Y Launches in India for $70,000 as Company Tests the Waters

In a development that has been awaited by auto and tech fans for long, Tesla has made its official entry into the Indian market with the launch of its electric sport utility vehicle, the Model Y, at around \$69,770. The high price point — almost 55% above its U.S.

Nvidia Chief Jensen Huang Unloads \$36 Million Worth of Stock, Reaches Warren Buffett's Net Worth Level

Nvidia Chief Jensen Huang Unloads \$36 Million Worth of Stock, Reaches Warren Buffett's Net Worth Level

In a high-profile action that has already grabbed the attention of investors and analysts, Nvidia CEO Jensen Huang sold around \$36.4 million worth of company shares, as per a recent SEC filing. The sale was of 225,000 shares of Nvidia, the globe's number one producer of