Earnings
TCS revenue rises 11% as AI work tops 10% of sales and it lines up Porsche and Best Buy deals
Operating margin held at 24% and bookings hit $9.6 billion. A planned MHP purchase still needs regulatory approvals.
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Earnings
TSMC's third-quarter revenue hits a record NT$1.49 trillion after a 54.6% jump in September sales
Converted at the exchange rate TSMC used in its July forecast, the quarter came in about 2% above the top of the company's range. Profit and margins arrive with full results on Oct. 15.
Earnings
Samsung's quarterly operating profit tops 100 trillion won for the first time on demand for AI memory
Preliminary figures put July-September sales at about 195 trillion won. Profit came in slightly above forecasts that a stronger won had pulled down, and Samsung gave no breakdown by business.
Financing
Wolfspeed gets a conditional Pentagon loan offer of up to $1.5 billion that would pay off its costliest debt
The 30-year facility is not final. It needs signed agreements, government approvals and at least $750 million in outside money, and it would hand the government warrants for up to 7.5% of the company.
Earnings
Applied Digital's revenue runs far past forecasts on tenant build-out work as rent from its AI data centers climbs
Fit-out work billed to tenants drove a 322% jump in revenue to $341.9 million. Rent from finished buildings rose by about half from the prior quarter, while interest costs pushed the net loss to $221 million.
Technology
Micron's Taoyuan union wins strike authorization as Taiwan bonus fight escalates
No walkout has been called, but the union says it could strike at short notice if Micron's board does not offer a concrete profit-sharing plan this week. The shares fell with other chip stocks.
Technology
HubSpot cuts nearly 660 jobs, about 7% of staff, and stands by its 2026 forecast
The marketing-software company expects $65 million to $75 million of charges and says the cuts are not driven by AI-related efficiencies. Fair Isaac, the maker of the FICO score, said the same day it will cut about 15% of its positions.
Technology
Marvell raises fiscal 2028 revenue target to about $20 billion and sets a goal of up to $90 billion by fiscal 2031
The new targets lean on custom chips for the biggest cloud companies. The shares rose about 5% by midday after swinging as much as 11% higher.