Oct 8 (Reuters) -
* INSURANCE AUSTRALIA GROUP SEEKS BIDS FOR MALAYSIAN GENERAL INSURANCE BUSINESS IN DEAL THAT COULD VALUE CO AT AROUND $600 MILLION - WSJ, CITING SOURCES Source text - https://on.wsj.com/2QAS1bo
The insurer was accused by a short-seller of "extensive" fraud.
(Bloomberg) -- Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainSingapore Loses ‘World’s Best
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TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc and Nvidia supplier, has benefited from a surge towards AI that has helped it weather the tapering off of pandemic-led electronics demand and pushed TSMC's stock to a record high. TSMC saw January-March net profit rise to T$225.5 billion ($6.98 billion) from T$206.9 billion a year earlier.
Even the best stocks fall in a bear market. Here's what to do during a stock market correction to protect your portfolio.
A downbeat report from ASML dragged down other AI stocks.
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