TSMC, Samsung Optimistic on AI

This is a U.S. news story, published by Yahoo Finance, that relates primarily to TSMC news.

U.S. news

For more U.S. news, you can click here:

more U.S. news

tech giants news

For more tech giants news, you can click here:

more tech giants news

Yahoo Finance news

For more news from Yahoo Finance, you can click here:

more news from Yahoo Finance

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like tech giants news, you might also like this article about

global AI darling Nvidia

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest tech giant news, memory chip business news, tech giants news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

AI sector

Reuters

•

Stocks sink but TSMC, Samsung bullish on AI at major trade show

Summary

Nutrition label

77% Informative

TSMC , world's largest contract chipmaker, dropped as much as 5.5% while Samsung Electronics closed down 3.5% . Losses came after global AI darling Nvidia was sold heavily overnight as investors reined in their optimism about the AI sector, as well as U.S. economic growth.

In July , Samsung reported its highest operating profit since the third quarter of 2022 .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech