Thursday, October 15, 2026 · 2:20 PM ET
Semiconductors · FT
Taiwan Semiconductor Manufacturing posted a record third-quarter profit of about $23.6 billion, beating estimates as AI-driven chip demand powered results. The upbeat outlook did little to quell broader market worries about the pace and sustainability of AI infrastructure spending.
AI · FT
Anthropic informed investors that its quarterly revenue jumped roughly 50%, approaching a $17 billion annualized run rate, as it met public-market investors ahead of a planned IPO next month. The pace was slower than some had anticipated, landing as jitters over the AI trade rattled markets.
AI Infrastructure · Bloomberg
CoreWeave shares fell as much as 9.5% Thursday, extending a slide that has erased more than $10 billion in market value over four sessions amid concerns about AI-related debt. Deutsche Bank called the drop a buying opportunity and kept its $150 target, while Nvidia CEO Jensen Huang said the cloud provider's financial health is improving.
Markets · FT
US and global chip stocks fell for a second day as investors rotated into Treasuries amid mounting fears over AI-related debt and the sustainability of the AI boom. Debt issued by AI-infrastructure and 'neocloud' providers has sunk toward stressed territory in what one analyst called a 'Darwin moment' for AI borrowers.
Earnings · Bloomberg
Ericsson reported third-quarter earnings that topped analyst forecasts, helped by steady demand for its mobile network equipment. The results offered a bright spot for telecom-gear suppliers.
Hardware · Bloomberg
Global smartphone shipments fell 22% last quarter, which IDC described as the worst quarter on record, signaling renewed weakness in the handset market. The data points to pressure on consumer-hardware demand across the device makers.