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Trusted News & Timely Insights

    • Third Quarter Results

    Tesla reports profit growth due to higher sales and lower costs
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    Tesla reports profit growth due to higher sales and lower costs

    Tesla beat analysts’ expectations with its third-quarter results, improving investor sentiment that has lagged since the disappointing launch of the company’s robotaxi prototype earlier this month. Tesla reported net income of $2.2 billion in the quarter ended Sept. 30, up…

    Posted on Bronwen Cerys
    Chip stocks rally as TSMC forecasts strong AI demand for “many years.”
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    Chip stocks rally as TSMC forecasts strong AI demand for “many years.”

    Optimism about AI demand in Taiwan Semiconductor Manufacturing Company’s (TSM) stunning third-quarter earnings boosted chip stocks on Thursday. TSMC reported quarterly profit of 325.3 billion new Taiwan dollars ($10.1 billion), up 54% from a year earlier, beating Wall Street forecasts….

    Posted on Bronwen Cerys
    Analyst: Broadcom’s earnings report was “simply not sufficient”
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    Analyst: Broadcom’s earnings report was “simply not sufficient”

    Broadcom shares fell in after-hours trading Thursday. The chip giant reported better-than-Wall Street expectations for its third quarter, but its fourth-quarter revenue forecast of $14.0 billion fell short of expectations for $14.13 billion. Jordan Klein, technology, media and telecommunications analyst…

    Posted on Bronwen Cerys

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