Taiwan Semiconductor Manufacturing Co has sold its remaining stake in Arm Holdings for about $231 million, completing its exit from the British chip designer after gradually cutting the position over the past year, according to a company filing. The sale

UBS Group posted first-quarter net profit of $3 billion, comfortably ahead of analyst expectations, as the Swiss bank benefited from strong client activity and revenue growth across its business lines. The result compared with an average estimate of $2.3 billion in

Shares of Maruti Suzuki India rose 4% on Wednesday after investors looked past the carmaker’s weaker-than-expected quarterly profit and instead focused on stronger volume prospects, resilient demand for small cars and an aggressive capacity expansion plan. The reaction suggested the market

Asian markets began on Wednesday on an uneven footing as investors weighed multiple factors. The sentiment appeared cautious following a technology-led selloff in the United States, fresh concerns about the sustainability of AI spending, and lingering tension surrounding the Iran conflict. The

The US stock market has seen a massive reallocation of capital toward artificial intelligence (AI) infrastructure stocks in recent years. Yet, a paradox has emerged – several of the sector’s most indispensable leaders are still trading at valuations that arguably discount

Global markets saw a mix of developments on Tuesday, as Amazon expanded its partnership with OpenAI following a shift away from exclusivity with Microsoft, oil prices surged amid tensions involving Iran and OPEC changes, concerns over OpenAI’s growth weighed on

US stocks closed lower on Tuesday, retreating from record highs as concerns over the sustainability of the artificial intelligence boom and rising oil prices weighed on investor sentiment. The S&P 500 fell 0.49% to close at 7,138.80, while the Nasdaq Composite

Visa (NYSE: V) is pushing higher in extended hours after the credit‑card company posted its fiscal second quarter results that comfortably topped Street estimates. Visa earned $3.31 per share on $11.2 billion in revenue, up some 17% on a year-over-year

Amazon announced an expanded partnership with OpenAI on Tuesday, enabling its cloud customers to access OpenAI’s models through Amazon Web Services (AWS). The move comes just a day after OpenAI and Microsoft confirmed they had ended their exclusivity agreement, allowing the