This Week's AI Winners and Losers: TSMC and Moonshot AI Rise, IBM Falls
Yahoo Finance's weekly AI roundup highlights TSMC and China's Moonshot AI as winners, and IBM and the broader chip industry as losers. TSMC reported blowout Q2 earnings with revenue up 36% year-over-year and net income surging 77.4%, driven by insatiable AI chip demand from Apple, AMD, Nvidia, and Qualcomm. The company raised its capex and revenue forecast. Moonshot AI unveiled its Kimi K3 model, which, while trailing top US models like Anthropic's Fable 5 and OpenAI's GPT-5.6 Sol overall, surpasses them on certain benchmarks, signaling China's rapid AI catch-up. In contrast, IBM preannounced disappointing Q2 results as customers shifted spending from mainframe systems to AI servers and memory chips, missing analyst expectations. The article also notes the strategic divergence between Chinese firms releasing open-weight models and US firms focusing on proprietary, paid models.
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