Investors Put Iran War Behind Them as Stocks Hit Records on AI Demand
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Investor attention is shifting away from the Mideast conflict to corporate earnings and AI as a ceasefire holds and expectations build for further negotiations between the US and Iran.
TSMC’s earnings added weight to the rebound in stocks to record highs, with the main chipmaker to Nvidia and Apple saying it expects revenue growth of more than 30% this year, more than its previous guidance. Taiwan’s largest company delivered its projection after reporting a 58% surge in profit in the three months through March, signaling that the war hasn’t depressed AI investment.