European stocks rise awaiting US inflation data

Today, European stocks were higher as global markets await US March inflation data. The Stoxx 600 climbed 0.6 per cent at 9:30 AM in London, with technology stocks leading gains at 1.4 per cent.

AI boom fuels TSMC record revenue growth

Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a surge in monthly revenue in March, driven by the ongoing artificial intelligence boom. The company’s revenue for March was around $6.1 billion, representing a year-over-year growth of 34.3 per cent, the fastest pace of growth since November 2022. TSMC is the largest contract semiconductor manufacturer worldwide, making chips for companies such as Apple and Nvidia.

Delta Air Lines returns to profit

Delta Air Lines (DAL) reported a profit in the first quarter of 2024. The airline made $37 million in the first three months of the year, a significant increase from a loss of $363 million in the same period of 2023. According to CEO Ed Bastian, leisure and business travel bookings are strong as the peak travel season approaches.

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Sources: Cnbc.com, Bloomberg.com