John Tucker

Their January sales grew at the fastest clip in months.

This is the contract chipmaker for NVIDIA reporting a 37% rise in January revenue.

TSMC, which also produces chips for Apple, it has been one of the biggest beneficiaries of the surge in artificial intelligence.

In New York, I'm John Tucker, Bloomberg Radio.

And Nathan, the Dow finished at a record yesterday.

The S&P 500, that drove to within a few points of its record.

and two of the strongest forces pushing up the S&P 500 were Nvidia, up 2.4%, and Broadcom, up 3.3%, beneficiaries of all that CapEx spending.

But always lingering in the background, worries about whether all the huge spending on AI is going to produce enough profit to make the investments worth it.

Andrew Sliman at Morgan Stanley marvels at how investors seem to climb the wall of worry.

Andrew Slimit at Morgan Stanley.

And this morning, another beneficiary of all that spending on AI, Taiwan Semiconductor Manufacturing.

They report January sales grew at their fastest clip in months.

TSMC is the contract chip maker for NVIDIA.

They also make chips for Apple.

They are reporting a 37% rise in January revenue to $12.7 billion.

In New York, I'm John Tucker, Bloomberg Radio.

And Nate, it's not unlike the deep-seek sell-off of a year ago.

Investors have been spooked by developments on a couple of fronts.

The rollout of models from Anthropic that threaten to make software services redundant.

alongside the uh eye-watering spending plans of the biggest tech companies you guys were talking about the tech heavy nasdaq composite index now down three percent year to date and the risk off mood extended to bitcoin the selling picked up steam this week in line with the unwinding of leveraged bets and the broader market turbulence nobel laureate paul krugman on bloomberg business week daily said he sees a possible crisis of faith in crypto and