Caroline Hyde

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This is Bloomberg Tech.

Coming up, TSMC posts a strong forecast and results lifting peers, a sign that demand related to AI remains robust.

This is OpenAI focuses on its infrastructure, striking a deal with Cerebras for compute and hunting for hardware partners across data centers and consumer devices.

And the mayor of New York City is suing a delivery tech company, accusing it of breaking local worker protection laws.

We'll get into that in a moment.

But first, we check in on where the markets are.

And actually, we're managing to rally in the NASDAQ 100 after two days of losses.

It's all about that TSMC headline that you were just discussing, Ed, and the rejuvenation in maybe wading back into these key AI names.

NVIDIA, indeed, one of the key points rides is higher.

Bitcoin, though, not feeling much of the love.

There's also a delay to a key Senate markup on the market structure bill.

So that's putting some pressure on the ecosystem more generally.

But watch for crypto.

But you're looking at TSMC.

Yeah, the world's most important chip contract manufacturer telling us capital expenditures up to 56 billion this year.

Top line growth's 30%, two markers that the AI demand is intact.