Sold Out, but Not Convinced: The AI Boom Puts the Stock Market to the Test!

This week's numbers read like a triumph for AI. TSMC increased its quarterly revenue by 51%, Samsung Electronics nearly multiplied its operating profit by nine times, and optics specialist Lumentum reports that its production is sold out until early 2029. Nevertheless, tech stocks significantly declined on Thursday: the Nasdaq 100 dropped by 1.4%, and an index of major chip stocks fell even by 3.4%. The trigger was reports indicating that OpenAI's revenue is lower than some estimates. Adding to this are rising interest rates and growing debts...