By Bloomberg News
Copyright financialpost
The sector’s capital-raising moves also underscore the already white-hot global AI race that is further intensifying. Nvidia Corp.’s chip production partner Taiwan Semiconductor Manufacturing Co. reported healthy sales growth in August earlier this week, while Oracle Corp. provided an aggressive outlook for its cloud business. Last week, Broadcom Inc.’s stock also soared after news emerged that it secured a massive order with OpenAI totaling more than $10 billion.
