TAIPEI: Taiwan Semiconductor Manufacturing Company (TSMC) reported a 39.1% jump in third-quarter profit on Thursday, setting a new record as robust demand for artificial intelligence chips continued to drive growth. The world’s largest contract chipmaker posted net income of NT$452.3 billion ($14 billion), beating LSEG SmartEstimates of NT$417.69 billion. Revenue rose 30.3% year-over-year to NT$989.92…
Net operating loss for the quarter widened slightly to $3.44 million from $3.22 million a year earlier JACKSONVILLE: Duos Technologies Group, Inc. (Nasdaq: DUOT) on Thursday reported a 280% year-over-year increase in second-quarter revenue, driven by strong performance in its energy services and edge computing segments. The Jacksonville, Florida-based company said it remains on track…
Amazon’s online store sales rose 11% to $61.5 billion, while advertising revenue jumped 23% to $15.7 billion SEATTLE: Amazon Web Services (AWS) reported its lowest profit margins since late 2023, raising concerns among investors about the tech giant’s ability to maintain growth in its cloud computing division. Amazon said AWS operating margins fell to 32.9%…
AI and crypto stocks lead market as traders weigh ceasefire stability, Fed signals Stocks treaded water Wednesday, pausing after a two-day rally that pushed major indexes to within arm’s reach of their all-time highs. While investor sentiment has warmed on easing geopolitical tensions and resilient earnings, markets remain locked in a tug-of-war between long-term tech…