TSMC August Revenue Jumps 53%: AI Chip Demand Runs Hot
TSMC posted NT$514.8B in August 2026 revenue, up 53.3% YoY and 10.1% MoM. YTD growth hit 39.3% as AI chip demand outstrips supply.
Artificial Intelligence
Market-focused coverage of artificial intelligence companies, infrastructure spending, business models, and adoption. We examine the filings, financial metrics, and competitive forces behind the headlines.
Listen Labs Walks $1.5B Round to Weigh $2B Salesforce Sale
AI customer-research startup Listen Labs shelved a $125M Menlo Series C at a $1.5B valuation to chase $2B Salesforce takeover talks — a 67x revenue multiple.
Meta Surges 6.5% on ‘Muse’ AI Agent Debut, Nears $1.7T Cap
Meta jumped 6.5% to $653.69 on Sept. 9, 2026 as Wall Street cheered the launch of Muse, its new AI agent, pushing market cap toward $1.7 trillion.
Cognition Hits $48B: $2B Series E as Devin Nears $1B ARR
Cognition raised $2B at a $48B valuation, nearly doubling from May’s $26B round as Devin’s ARR climbed from $492M to $900M in four months.
Qualcomm Jumps on Amazon AI Chip Deal: $15B by FY2029
Qualcomm shares rallied 2.75% Monday on a multi-generational AWS custom AI chip deal targeting ~$15B in data-center revenue by fiscal 2029.
Duolingo Rallies as Evercore Doubles Target to $210
Evercore ISI upgraded Duolingo (DUOL) to Outperform with a $210 target, citing durable growth as ChatGPT fears fade. Chegg tells the opposite story.
Anthropic IPO Update: MS, Goldman Lead; October Launch Eyed
Anthropic taps Morgan Stanley and Goldman Sachs to lead its IPO. Filing now targeting late September, with an October launch and a $15B pre-IPO credit line.
AI Power Trade: Vertiv, GE Vernova, Eaton Lead 2026 Rally
Vertiv +66%, GE Vernova +44%, Flex +79% YTD. The AI data-center power basket keeps crushing the S&P 500 as capex forecasts climb and M&A heats up.
Broadcom Q3 FY26: AI Revenue $16.7B, Q4 Guide $34.8B
Broadcom posted $29.6B in Q3 FY26 revenue (+86% YoY) with AI semi sales of $16.7B (+221%). Q4 guide $34.8B; AVGO fell after hours.
Snowflake Q2 FY27: Revenue +35%, RPO $9B, Guide Raised
Snowflake beat Q2 FY27 with $1.49B product revenue up 37%, $9B RPO, 126% NRR. CEO Ramaswamy cites AI flywheel as full-year guide is lifted to $6.07B.