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February 10th - According to TrendForces latest high-speed interconnect market research, to meet the massive computing demands of AI, Googles next-generation Ironwood rack system combines 3D Torus network topology and Apollo OCS all-optical network to achieve a high-speed interconnect architecture. This will boost the global shipment share of high-speed optical transceiver modules above 800G, which is estimated to rise from 19.5% in 2024 to over 60% in 2026, and gradually become standard equipment in AI data centers.French President Macron: Plans to make Europe more sovereign are not progressing fast enough.The yield on 20-year Japanese government bonds fell 5.0 basis points to 3.115%.February 10th - Taiwan Semiconductor Manufacturing Company (TSM.N) reported record-high revenue in January, reflecting that chip orders for the global tech giant have not been reduced despite concerns about a potential bubble in the artificial intelligence sector. The companys January revenue reached NT$401.26 billion (approximately US$12.71 billion), a 37% year-on-year increase, setting a new record. Previously, investors worried about cooling AI demand, as TSMCs monthly revenue growth had slowed in recent months, with Octobers growth at only 16.9%, the slowest pace since February 2024. These concerns are expected to ease with the rebound in monthly revenue momentum and its record-breaking 2026 capital expenditure plan. Previously, based on strong fourth-quarter results, TSMC increased its 2026 capital expenditure plan to US$52 billion to US$56 billion, a 27%-37% increase year-on-year. The company also expects revenue to grow by approximately 30% in 2026, following a 32% increase in 2025.The yield on 40-year Japanese government bonds fell 8.0 basis points to 3.735%.

Visa's earnings exceeds projections due to robust customer demand

Aria Thomas

Jul 27, 2022 10:44

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Visa Inc.'s quarterly earnings above analyst estimates on Tuesday, as solid consumer spending and a vacation boom throughout the majority of the United States translated into greater card spending.


After being confined to their homes due to a pandemic, pandemic-weary Americans are spending lavishly on vacation and other leisure activities, helping to keep the economy on track despite the inflationary attack.


In recent weeks, big U.S. banks like as JPMorgan Chase & Co (NYSE:JPM) and Citigroup Inc (NYSE:C) have emphasized the resilience of consumer spending amid an uncertain economic outlook, a bullish sign for card companies.


The revenue of the largest payments processor in the world climbed during the third quarter due to a 12 percent rise in payment volumes and a 40 percent increase in cross-border volumes. Cross-border travel volumes increased 16% compared to 2019.


Visa (NYSE:V) still receives its share, according to TouchdownMoney.com creator Scott Lieberman. "While a company like Walmart (NYSE:WMT) may suffer if consumers change their spending from higher-margin apparel to low-margin groceries, Visa (NYSE:V) still receives its share."


Lieberman, who covered the credit card industry for almost a decade, stated, "Visa stands to earn whether people purchase champagne in a bull market or beer in a recession."


Visa announced an adjusted net income of $1.98 per share, far more than the $1.75 per share that experts had predicted.


American Express (NYSE:AXP) boosted its annual revenue forecast on Friday as a consequence of record card usage, as did the results of the payments processor.

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