Arm forecasts quarterly revenue above estimates on AI-driven chip demand

Arm forecasts quarterly revenue above estimates on AI-driven chip demand  Reuters

WEC Energy Group reported a nearly 22 per cent rise in second-quarter profit on Wednesday, as higher electricity sales to commercial and industrial customers boosted revenue and offset rising costs.

​South Korean chipmaker SK hynix reported a ‌557 percent increase in quarterly operating profit to a record high ‌on Wednesday, driven by robust demand for advanced memory chips ⁠as big technology firms ramped up spending on AI data centres. The ⁠Nvidia supplier reported an operating profit ​of 60.5 trillion won ($41.6

FILE PHOTO: A logo of Semiconductor and memory chip company SK Hynix during the company's debut at the Nasdaq market in New York City, U.S., July 10, 2026. REUTERS/Angelina Katsanis/File Photo 29 Jul 2026 06:57AM SEOUL, July 29 : South Korean chipmaker SK Hynix reported a 557 per cent increase in quarterly operating pr

UPS beat Wall Street expectations and raised its full-year guidance in its second-quarter earnings report Tuesday.

Social Security 2027 COLA forecast has been lowered, but easing inflation could benefit retirees. Here's what the latest projections mean for benefits.