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Asian markets rise amid sustained AI chip demand

Associated Press +1 · ·by G4L

  1. 1Asian markets rose as TSMC's October revenue increased nearly 6 times compared to the previous year.
  2. 2The TSMC board approved investments of up to $1 billion in Anthropic and OpenAI.
  3. 3Anthropic's target valuation is reportedly approximately $1.3 trillion.

So what's the key point?

Asian stock markets rose as TSMC's October revenue grew 6 times compared to last year. The company is energizing the market by deciding to invest large sums of money in AI companies.

Source Associated Press +1 · View original ↗

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