Reported 2 months ago
As markets gear up for the new day, U.S. stock futures are showing signs of recovery following a tumultuous week marked by recession concerns. Notably, Taiwan Semiconductor Manufacturing Co. (TSMC) reported a significant 45% increase in July revenue, fueled by AI-related chip demand, while Paramount Global announced job cuts and significant write-downs but saw a surge in share prices. Meanwhile, SoundHound AI's shares dipped despite previous gains, and Take-Two Interactive enjoyed a price jump after posting better-than-expected quarterly revenue.
Source: YAHOO