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Taiwan Semiconductor Manufacturing: "With basic semiconductors - that's a supply and demand business... but I think you're going to continue to hear chatter about AI, and it will translate into huge revenue growth for a lot of these companies," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
AMD announced a new lineup of laptop processors designed to boost AI applications on PCs.
US restrictions on Nvidia's AI chips have given Huawei an opportunity to gain market share. Huawei has secured a significant AI chip order from Baidu
The world's largest contract electronics maker, Foxconn -- officially known as Hon Hai Technology Group -- already plays a lynchpin role in assembling gadgets for top global brands, including Apple's iPhone.
The French competition authority said that its operation this week followed a broader inquiry into the cloud-computing sector. The broader inquiry revolves around concerns that cloud-computing companies could use their access to computing power to exclude smaller competitors.