Consumer Tech (Oct 12-16): Big Banks Reports Earnings, Anthropic Revenue Jumps 45% & More
TSMC reported third-quarter revenue of $46.7 billion, up 16.2% sequentially and above the high end of its guidance as AI chip demand grows.ASML raised the lower end of its 2026 sales outlook after strong third-quarter results, as accelerating AI investment pushed customers to expand equipment plans.
Big chip makers TSMC and ASML beat their targets because companies are buying more AI equipment. When you see strong results like this, it hints that businesses are investing heavily in AI.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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