Billionaire Investor Raises TSMC Stake 67% as Profit Soars 77%, Revenue Climbs 36%
Daniel Loeb increased his TSMC stake from 275,000 to 460,000 shares as AI demand drives strong revenue growth and record capital spending.
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Spotify says AI music launch won't require every major label deal, as it expands partnership with Merlin for fan-made covers and remixes.
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Daniel Loeb increased his TSMC stake from 275,000 to 460,000 shares as AI demand drives strong revenue growth and record capital spending.
Sony Music Publishing and Warner Chappell sue Anthropic over alleged copyright infringement involving songs used to train Claude.
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Japan's stock market is up 19% year-to-date, outperforming the S&P 500's 13% gain, driven by a weak yen that boosts exports and strong economic growth. Key sectors include technology, financials, and industrials. While Japanese exporters benefit from currency weakness, the country's heavy dependence on imported oil poses a significant economic risk.
Spotify reported 15% year-over-year growth in Premium revenues to €4.33B, driven by 9% subscriber growth and 7% ARPU increases from price hikes. Ad-Supported revenues grew only 1% despite improvements in podcast sponsorships, with music advertising facing pricing pressure. The company's focused strategy on subscriber and monetization gains positions it competitively against Apple and Amazon in the streaming market.
CNBC Halftime Report guests picked Capital One, ServiceNow, Nvidia and Spotify, citing analyst support, AI expansion and buybacks.