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Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.
Nvidia unveils first Blackwell chip wafer made with TSMC in US
Companies have been racing to meet the broader AI industry's voracious appetite for computing power as they develop AI technology that meets or exceeds human intelligence. The move "bolsters the US supply chain and onshores the AI technology stack that will turn data into intelligence and secure America's leadership for the AI era," Nvidia said in a blog post.
Sensex adds 97 pts, Nifty above 25,600 as D-St extends gains to day 3
Indian stocks bounced back on Friday, continuing a three-day rally. Gains were seen despite early losses in IT stocks like Infosys and Wipro. Optimism over corporate earnings and steady foreign investment supported the market. Broader markets showed mixed performance. Global markets experienced declines, with Asian shares falling. Gold reached a new record high.
Wall Street ends down; Zions sparks worries about regional banks
As Wall Street recorded a dip on Thursday, Indian markets followed suit, influenced by rising unease regarding regional banks and cooler relations between the U.S. and China. Major banking stocks experienced considerable declines, and sectors like technology and insurance were not spared from the downturn. Even with a handful of bright corporate forecasts, a cautious sentiment prevailed among investors.
US stock market today: Dow, S&P, and Nasdaq advance despite US-China trade tensions — top gainers Nvidia, TSMC, Salesforce, and big banks lift Wall Street
US stock market today, October 16, surged despite fresh US-China trade tensions. The Dow, S&P 500, and Nasdaq all moved higher. Nvidia, TSMC, Salesforce, and big banks led the rally with strong earnings and AI-driven growth. J.B. Hunt jumped over 22%, lifting transportation stocks alongside. Traders focused on growth, earnings surprises, and rising demand in the semiconductor and AI sectors.
Navitas stock skyrockets 21%, rises 90% in 3 months - is it time to hold or sell?
NVTS stock price 2025: Navitas Semiconductor stock has seen a remarkable 90% surge in three months. Strong demand for its AI power chips and a softer US stance on China tariffs are driving this rally. The company is well-positioned for the booming AI data center market. However, analysts advise caution as the stock's rapid rise may outpace its current achievements.
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US stocks mixed; chipmakers rise after TSMC's results support AI optimism
Wall Street's main indexes opened higher on Thursday, driven by an upbeat quarterly update from TSMC that added to investor optimism around AI and extended a rally in chip stocks.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets extended gains for a fourth session, with Nifty inching closer to its 52-week high amid strong buying in financials, autos, and consumer durables. Optimism over Q3 earnings revival, renewed FII inflows, and dovish Fed cues lifted sentiment further.
TSMC stock rises after Q3 profit jumps 39.1% on AI boom - should you invest?
TSMC’s profit rose sharply thanks to high demand for AI and 5G chips made for big companies like Nvidia and Apple. The chipmaker is growing fast and plans to invest more in new technology. Experts say AI will keep boosting TSMC’s success, making it one of the top tech stocks to watch.
TSMC expects AI megatrend to strengthen, as profit blows past forecasts
TSMC reported a 39.1% surge in Q3 profit, marking its sixth consecutive quarter of double-digit growth, driven by the AI megatrend. The chip giant forecasts a strong Q4 with revenue up by as much as 24%, anticipating continued robust AI demand and maintaining its significant capital spending plans for 2025.
Scaling Indian chip startups tap Taiwan, South Korean foundries
The India Semiconductor Mission, through the Design Linked Incentive (DLI) scheme, is lowering entry barriers by offering financial aid and access to advanced electronic design automation tools, enabling startups to address demand across sectors, he said.
US stock futures: Dow gains 200 points, S&P and Nasdaq rally on AI, Tech earnings — but Trump confirms US-China trade war underway, risks on the radar — here’s top stock movers
US stock market futures climb today as investors digest strong earnings and growing trade tensions. Dow, S&P 500, and Nasdaq futures all rose early Thursday. Tech and AI chip stocks led gains after upbeat reports from major companies. However, risks remain high. President Trump confirmed a trade war is underway with China, adding uncertainty to markets. Traders also watch for potential Federal Reserve rate cuts later this year. Here’s a look at key movers shaping the market today.
TSMC posts strongest-ever quarterly profit, lifts 2025 growth outlook to mid-30 per cent range
Taiwan Semiconductor Manufacturing Co. (TSMC) has achieved a record-breaking profit in the third quarter, fueled by an unprecedented surge in demand for AI infrastructure. The chip giant's net profit soared to $14.75 billion, exceeding expectations. TSMC also raised its 2025 revenue growth forecast to the mid-30 percent range, signaling strong confidence in continued AI-driven expansion.
India’s chip debut, Sebi chief’s quantum warning
Happy Thursday! A made-in-India chip module is headed to the US. This and more in today’s ETtech Morning Dispatch.
Apple executive teases new MacBook M5. What can you expect?
Apple is gearing up to launch new products powered by its M5 chip, with a new MacBook Pro expected soon. The M5 chip will also find its way into the next iPad Pro and the Vision Pro headset, promising enhanced performance and efficiency across Apple's high-end devices.
Chipmaking supplier ASML set to ride AI megadeals wave
ASML, a key semiconductor equipment maker, is likely to show stronger prospects in its upcoming Q3 results due to big deals between AI companies and chip producers. Analysts expect signs that clients like TSMC and SK Hynix are preparing to boost capacity from 2026. ASML shares have jumped 32% since early September
Sensex climbs 200 pts, Nifty above 25,250 as rally in IT stocks, soft inflation lift mood
Indian stock markets, Sensex and Nifty, opened higher on Tuesday, driven by strong IT sector performance following HCLTech's positive quarterly earnings. Easing retail inflation further bolstered market sentiment, increasing anticipation of a potential Reserve Bank of India rate cut in December.
US stock markets surged sharply today, reversing Friday’s massive loss: Dow, S&P 500, Nasdaq stage comeback as Trump tempers China tariff talk — top stock pick today
US stock markets surged Monday. The Dow jumped 574 points, rebounding from Friday’s 1.05% loss. The S&P 500 and Nasdaq gained 1.1% and 1.5%, recovering after Friday’s sharp declines of 0.8% and 1.7%. President Trump eased tariff fears on China. Tech stocks led gains with Broadcom, Nvidia, and AMD rallying. Bank stocks also moved higher ahead of key earnings. The market shows strong momentum after last week’s heavy losses.
Apple set to inveil M5-powered iPad Pro, Vision Pro, and MacBook Pro after iPhone 17 launch
Apple is preparing to launch new devices soon. The iPad Pro, Vision Pro headset, and 14-inch MacBook Pro is expected to feature the powerful M5 chip. These updates are expected to be announced online.
Taiwan sees no significant impact on chip sector from China rare earths curbs
China dramatically expanded its rare earths export controls on Thursday, adding five new elements and extra scrutiny for chip users as Beijing tightens control over the sector ahead of talks between Presidents Donald Trump and Xi Jinping.
Taiwan says doesn't need China for most of its rare earths needs
Taiwan's economy ministry is assessing the impact of China's expanded rare earth export curbs on its crucial semiconductor industry. While most of Taiwan's rare earth needs are met by Europe, the US, and Japan, Beijing's new restrictions, including added scrutiny for chip users, warrant close monitoring for potential supply chain disruptions and cost fluctuations.
Taiwanese giant MediaTek expresses readiness to make chips in India
As India accelerates its semiconductor ambitions -- with partnerships spanning technology firms, foundries, and government-backed consortiums -- MediaTek’s interest signals growing confidence among global chipmakers in the country’s ability to host advanced manufacturing infrastructure.
Intel's big bet: Inside the chipmaker's make-or-break factory
Intel is betting $20 billion on Fab 52 in Arizona to revive its chipmaking dominance. Using ASML tools, the company is producing denser, energy-efficient chips with its 18a process and Panther Lake series.
Softbank-owned chipmaker Graphcore will invest $1.3 billion in India over 10 years: CEO Nigel Toon
Graphcore, a UK chip firm, will invest $1.3 billion in India over the next decade. The company is opening its first office in Bengaluru, hiring 100 AI engineers initially. This move taps into India's talent pool for chip design. Graphcore's smartchips power AI data centers. The investment signals a significant expansion into the Indian market.
TCS's muted Q2 results; chipmaker Graphcore's India bet
TCS kicked off earnings season on Thursday with a muted second quarter showing. This and more in today's ETtech Top 5.
Intel details Panther Lake architecture, its first AI PC platform built on 18A process
Intel unveils Panther Lake, its new AI-focused computer chip. This platform uses Intel's advanced 18A manufacturing process. Panther Lake chips are already being made and will ship this year. Intel also showed Xeon 6+ Clearwater Forest, a server chip for data centers. These developments highlight Intel's commitment to leading in chip technology and bringing advanced manufacturing back to the U.S. This marks a significant step for AI computing and domestic semiconductor production.
US stock futures: Dow, S&P 500, Nasdaq steady after record highs as gold nears $4,100, Nvidia gains export boost, TSMC revenue surges 30% — is a Fed rate cut next?
US stock futures held steady Thursday after a record-setting rally. S&P 500 futures stayed flat as investors await more Fed rate cuts. Nasdaq and Dow futures also showed little change. Market optimism rose after the Fed’s September meeting minutes hinted at possible interest-rate cuts this year. No major economic reports ahead due to the government shutdown. Traders will watch key earnings from Delta Air Lines and PepsiCo.
Intel to reveal tech details on forthcoming PC chip, sources say
Intel is set to reveal details of its upcoming Panther Lake laptop chip. This new processor is Intel's first to be manufactured entirely using its advanced 18A process. The company aims to boost investor confidence and regain market share lost to rivals. Panther Lake chips are expected to offer significant improvements in energy efficiency and processing power.
OpenAI's Altman seeks funds for infrastructure expansion on Asia, Middle East tour, WSJ reports
OpenAI CEO Sam Altman is reportedly seeking global financing and manufacturing partners across East Asia and the Middle East to meet the company's computing capacity demands. He has held discussions with major suppliers like TSMC, Foxconn, Samsung, and SK Hynix since late September to boost AI chip production and secure priority orders for OpenAI.
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