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TSMC reported record monthly revenue of $16.35 billion for August, up 53.3% year-over-year, driven by strong demand for AI chips as the contract manufacturer maintains its market leadership.
ASML reported third-quarter profit exceeding expectations and noted customer interest in placing orders through 2030, driven by AI-related chip demand forecasts.
Escalating U.S.-Iran military conflict has prompted Wall Street to reassess economic impacts, with energy prices and bond yields rising amid concerns about consumer spending and corporate earnings.
Broadcom reported strong earnings and raised its fiscal year outlook, citing growing business with artificial intelligence labs including OpenAI, Google, and Meta. The chipmaker’s stock edged higher in extended trading following the announcement.
Snowflake shares surged 22% following stronger-than-expected quarterly results and guidance, buoyed by growth in its AI coding agent with over 9,100 accounts.
Zscaler beat fiscal fourth-quarter earnings expectations and issued upbeat forward guidance, but the cloud security stock declined on Friday despite strong results.
