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Here's what we're serving up today:

• Chip Titan TSMC's Earnings Rollercoaster 🎢 

• Asteroids ☄️

• Trending Tools ⚒️

Chip Titan TSMC's Earnings Rollercoaster 🎢 

TSMC - the LeBron James of chip-making - just dropped their third-quarter profits, and guess what? It’s a mixed bag of microchips!

On one hand, they've made a whopping NT$211 billion ($6.69 billion) in profit, beating the smarty-pants analysts’ expectations. On the other hand, it's their biggest profit drop since the glory days of 2019.

Sales are down, but hey, they are still the cool kids of the chip-making world.

They’re like the Beyoncé of semiconductors, manufacturing for big names like Apple and Nvidia. They're talking about a strong ramp in 3-nanometer tech and higher demand for 5-nanometer technologies.

Yet, despite all this snazzy technology, consumer electronics are still acting elusive when it comes to demand.

But with the demand for AI chips going through the roof, thanks to large language models, TSMC’s shares have been hitting the gym, bulking up by 19% this year.

They've got plans for a $12 billion playground in Arizona and a new sandcastle in Japan. And if you're thinking they're putting all their chips in one basket - they're also eyeing Europe and Singapore.

The global computer chip industry has more ups and downs than a rollercoaster, and with consumer tech purchases taking a nosedive, it's like watching a game of Jenga where you just KNOW something’s about to topple.

☄️ Asteroids ☄️

Peak XV Partners is diving deep into AI and deeptech with its new Surge cohort, spotlighting 10 out of 13 startups in these buzzing sectors. They're nurturing India’s tech landscape, also extending their gaze to Aussie software startups. 🤖💡

Microsoft's CEO, Satya Nadella, is all in on AI, seeing it as a game-changer in computing. Microsoft’s riding the AI wave, especially with its stake in OpenAI, potentially outpacing Google in this tech race. 🌊🤖

Mark Gurman hints at a 24-inch iMac reveal around October 30. It's speculated to house an M3 chip, with more substantial changes eyed for 2025 and 2026. 🖥️🍎

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