AI spending doubts persist as Samsung profit jumps, TSMC sales surge
Bloomberg reports that Samsung's quarterly profit jumped and TSMC's sales surged, yet investors remain worried about the staying power of the AI investment boom. Separately, the Trump administration suspended an immigration program for several tech firms, including Microsoft, alleging widespread abuse of the worker visa system. The report also noted NASA's SpaceX Crew-12 returned to Earth after 237 days in space.
Why it matters: Chipmakers' results are a key gauge of whether AI compute demand can keep growing, while tighter visa rules could affect how tech companies hire talent.
Bloomberg’s Ed Ludlow breaks down the Trump administration's decision to suspend an immigration program for multiple tech firms, including Microsoft, alleging widespread abuse of that worker visa system. Plus: Samsung's quarterly profit jumps and TSMC sales surge, but investors are still worried about the staying power of the AI investment boom. And, NASA's SpaceX Crew-12 makes it way back down to Earth after 237 days in space.
(Source: Bloomberg)
This is the outlet's own summary. Read the full story on the original site.
Read the original →How we got here
- Trump to unveil $2.4B in AI credits from five tech firms for federal scienceThe Next Web · Microsoft
- Oracle trucks compressed gas to AI data centres as grid delays biteThe Next Web · Microsoft
- Trump: White House deems 'Artificial Intelligence' users 'THE ENEMY'Techmeme · SpaceX
- Smartphone launch wave: higher prices, on-device AI agents, foldables going mainstream虎嗅 AI · Samsung
- UK ICO secures data protection changes from 10 AI developers, targets agentsThe Next Web · Microsoft
- The Verge reviews Artificial, Luca Guadagnino's biting Sam Altman biopicThe Verge AI · Microsoft