5 stories on semiconductors from MarketRadar.
The Nasdaq Composite plunged 2.6% to 26,008.86 on Thursday, October 22 — its steepest one-day fall since early June — as earnings from Meta and Tesla reignited investor fears about the cost of the AI spending race.
Taiwan Semiconductor posted its sixth straight record quarter, with net profit up 68.7% to NT$763.06 billion as AI accelerators took 68% of revenue — and management says leading-edge demand is outrunning supply.
TSMC closed out a record third quarter with revenue of about $46.71 billion (NT$1.49 trillion), 50% higher than a year earlier, as AI chip demand stayed red-hot.
Micron's fourth quarter set records on every line that matters: $54.2 billion in revenue, up 379% from a year earlier, adjusted earnings of $33.42 a share, and guidance for the next quarter comfortably above Wall Street's estimates. The driver is AI data centers, and management says the memory shortage runs into 2028 and beyond.
Freedom Capital Markets upgraded Cerebras to Buy from Hold after the AI chipmaker's latest slide. The SemiAnalysis report on OpenAI's hardware choices is behind the drop — and neither company has confirmed it.
