AI spending doubts persist as Samsung profit jumps, TSMC sales surge
AI summary
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.
In-depth insight
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.