AI Chip Profits Jump 69% as Rate Fears Hit AI Stocks
TSMC just posted its sixth straight record quarter, with third-quarter profit up nearly 69% and AI demand still exceeding supply. But AI stocks are falling as inflation and renewed rate fears force investors to reconsider what that growth is worth.
AI Drives Wall Street Profits as Chip Earnings Jump 136%
AI is carrying an unusually large share of Wall Street’s expected profit growth, with semiconductor earnings projected to rise about 136%. That strength is supporting stocks near records, but it also makes the next AI earnings reports increasingly important.