(Reuters) -Semiconductor stocks advanced on Thursday after top contract chipmaker TSMC (TSM) issued a rosy forecast, fanning optimism about demand for artificial intelligence infrastructure in a week of multi-billion-dollar deals across the sector. The company posted a record quarterly profit and raised its annual revenue expectation, pointing to robust demand from customers including AI chip…
(Reuters) -Data analytics firm Palantir forecast first-quarter and annual revenue above Wall Street estimates on Monday, betting on robust demand for its software from companies adopting generative AI, sending its shares up about 12% after the bell. Businesses pushing to deploy the most sophisticated generative artificial intelligence tech have helped drive sales for Palantir’s AI…
• Fed rate cut, FOMC dot-plot, Powell comments will be in focus this week. • Micron offers significant upside potential backed by robust earnings growth and strong demand for its AI-related products. • Nike faces mounting challenges, with declining revenues, a cautious outlook, and soft consumer demand suggesting further downside for its stock price. •…