Chip and Equipment Makers Post Strong Profits as CoreWeave Bond Yield Hits 15%

Chip and equipment makers are turning artificial-intelligence demand into profit while CoreWeave faces rising borrowing costs, with a June bond's secondary-market yield reaching about 15%. CoreWeave, which rents graphics processing unit (GPU) computing capacity to large AI customers, reported second-quarter revenue of $2.575 billion, up 112% from a year earlier. Its backlog was about $104 billion at the end of June. Net interest expense totaled $640 million and the company posted a $626 million net loss. 台积电 reported third-quarter net profit of $23.9 billion, up 68.7% year over year, on revenue of $46.72 billion. Its net margin was 51.1%; 7-nanometer and more advanced processes accounted for 79% of wafer revenue, while 2-nanometer production contributed 8% as it began ramping up.

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