April 19, 2024

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Latest April 19, 2024

TSMC Shares Drop After Modest Growth Outlook Despite Strong Q1 Performance

Key Points: TSMC's shares dropped 6.7% following its first-quarter earnings report. Due to AI chip demand, second-quarter sales are forecasted to increase by up to 30%. Capital spending plans for the year are maintained at $28 billion to $32 billion. The outlook for global semiconductor industry growth is revised to around 10%. The growth forecast for the global foundry sector...

Meta Platforms Releases Llama 3 Model and Real-Time Image Generator

Key Points: Meta Platforms releases early versions of Llama 3 and an image generator to compete with OpenAI. The models are integrated into Meta AI. Llama 3 is trained on images and text, with future versions planned to incorporate advanced reasoning and multimodal capabilities. Meta's partnership with Google supplements its collaboration with Microsoft's Bing search engine. Meta AI expands to...

Australian Stocks Decline as S&P/ASX 200 Hits New 1-Month Low

Key Points: Australian stocks closed lower as the IT, A-REITs, and Metals & Mining sectors declined. The S&P/ASX 200 lost 0.98%, marking a new 1-month low. St Barbara Ltd (ASX:SBM), Perseus Mining Ltd (ASX:PRU), and Santos Ltd (ASX:STO) were among the top performers. Clinuvel Pharmaceuticals Ltd (ASX:CUV), Omni Bridgeway Ltd (ASX:OBL), and Polynovo Ltd (ASX:PNV) were among the worst performers....