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TSMC Hikes Forecast Amid AI Boom | The Pulse 10/16/2025

Bloomberg•Thursday, October 16, 2025 at 10:13:10 AM
PositiveFinancial Markets
TSMC Hikes Forecast Amid AI Boom | The Pulse 10/16/2025
TSMC has raised its earnings forecast, reflecting the booming demand for AI infrastructure, which is a positive sign for the tech industry. This comes amid ongoing trade tensions with China, as President Trump acknowledges the long-term nature of the trade war. Meanwhile, Treasury Secretary Scott Bessent has issued a warning to Beijing regarding its rare earth restrictions. In contrast, Nestlé is planning significant job cuts as it aims for a turnaround under new leadership. This news highlights the contrasting fortunes of companies in the current economic climate.
— Curated by the World Pulse Now AI Editorial System
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