TSMC Sales Jump; Wolfspeed Gains; Levi Strauss Growth Slows | Stock Movers
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Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Taiwan Semiconductor (TSM) shares are moving on news Samsung earned a nearly nine-fold rise in quarterly operating profit, and Taiwan Semiconductor Manufacturing Co.’s sales jumped 51%, reflecting the spoils of relentless spending on AI infrastructure. Investors are questioning how long AI spending can last, especially as companies’ big capex plans come under pressure because of rising borrowing costs around the world. - Applied Digital (APLD) is lower as it reported adjusted loss per share for the first quarter of 1.0c vs. loss/shr 3.0c y/y. The company expects initial operations at Polaris Forge 2 in Harwood to increase delivered critical IT load across our North Dakota campuses to 300 MW by the end of calendar 2026 - Wolfspeed (WOLF) shares are gaining on news the Department of Defense announces a $1.5b conditional loan commitment to the company, according to a press release. The company says
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