AI Chip Boom Costs More Than Profits | Business and Finance News

TSMC just shattered profit records but dumped a bombshell: they’re pouring $60–64 billion into new factories and cutting-edge 2-nanometer chips, which will slash profits this year. Investors panicked as ASML’s stock also dipped, sending Western Digital and Vishay plummeting — a sign the market’s bracing for the brutal cost of AI hardware. Meanwhile, SK Hynix may miss earnings, stuck with long-term contracts that lock them out of booming spot prices. The big question? Can AI software revenue offset this hardware spending tsunami? Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/88d410abd5a25899