NVIDIA Revenue Surges 105.9%, TSMC AI Revenue $46.7B

Key Takeaways

• NVIDIA revenue grew 105.9% year over year with a 66.24% operating margin
• TSMC Q3 revenue hit $46.7 billion with AI chips making up 68% of revenue
• Anthropic proposes federal AI safety rules with government blocking power over high-risk models
• TSMC expects Q4 revenue between $52.3 billion and $54.3 billion
• TSMC plans $60 billion to $64 billion in capital expenditure for 2026
• Korea's 2026 growth forecast raised to 3.3% due to AI boom
• RUM Group signed a six-year, $13.7 billion contract with Anthropic
• Wall Street's Fear and Greed Index dropped to 18 as chip stocks fell 11.4%
• Israeli AI firms helped NVIDIA Nemotron models improve hacker resistance by 41 points
• nCino launched AI-powered mortgage tools targeting origination workflow

NVIDIA stock rose 16 percent while suppliers surged far higher

NVIDIA designs AI processors and is the world's most valuable company. Its stock rose 16.48% over the past year. Taiwan Semiconductor rose 43.10% and Micron rose 360.14% in the same period. NVIDIA's revenue grew 105.9% year over year, and its operating margin reached 66.24%. The stock now trades at 24.88 times expected earnings, down from 28.51 times a year ago.

TSMC reports strong AI demand but faces rising costs

TSMC's third quarter revenue rose 41.2% to $46.7 billion, and net income jumped 68.7%. AI-related chips drove much of this growth, making up 68% of revenue. The company expects fourth quarter revenue of $52.3 billion to $54.3 billion. TSMC plans to spend $60 billion to $64 billion on capital expenditure in 2026 and has committed $265 billion to US expansion. Gross margin fell from 67.7% to 66.4% due to the cost of its 2nm process ramp.

S&P Global benefits from AI boom and may be undervalued

S&P Global returned 1.41% over the last six months but has strong fundamentals. Q2 2026 revenue grew 11% and adjusted EPS rose 23%. Its Ratings and Indices divisions account for nearly two-thirds of revenue and over 80% of operating profit. More than 500 customers use its Kensho AI-ready APIs, with usage growing fivefold from Q1 to Q2. The stock trades at 19.88x forward earnings, slightly below its peer group average of about 20.93x.

Anthropic proposes AI safety bill with government blocking power

Anthropic has privately proposed legislation to US lawmakers that would let the federal government block high-risk AI models. Government intervention would be allowed when a model threatens over $1 billion in financial damage or serious harm to more than 50 people. The proposal covers biological weapons, AI systems beyond developer control, and cyberattacks. Independent evaluators registered with the Commerce Department would assess AI developers periodically. A federal judge in Washington, D.C. would have final authority to order a model's suspension.

Anthropic proposes federal AI safety rules with strict limits

Anthropic is said to propose a federal AI safety framework that would centralize oversight and potentially reduce compliance costs by overriding state regulations. Federal intervention would only apply to imminent risks exceeding $1 billion in damage or threats causing deaths or serious injuries to 50 or more people. The covered threats include biological, cyber, and control-escaping risks. The plan limits abrupt government suspensions while still requiring mandatory reporting and independent evaluations.

AI boom keeps Korea growing strong despite global problems

An IMF official said Korea's economy is doing well because of the AI boom. The IMF raised Korea's 2026 growth forecast to 3.3 percent. Strong semiconductor exports and AI demand helped offset global problems like the Middle East war. AI investment in data centers is expected to continue for about 10 years.

RUM Group falls as AI data center deal draws analyst interest

RUM Group is getting attention for its pivot to AI data centers and a six year contract with Anthropic worth US$13.7b. The share price has dropped 37.4 percent over the past month. Analysts gave buy ratings but the stock has struggled. The company is also launching Rumble Wallet with crypto tipping and payment features.

Ankur Gupta makes AI model deployment faster and more reliable

Ankur Gupta cut AI model deployment time at LinkedIn from two days to 2.5 hours. Deployment success rose to about 96 percent. He built a control plane that manages the full deployment process and created dashboards to track failures. He shared his methods at the AI Infra Summit in Santa Clara on September 16, 2026.

AI adoption grows but productivity gains remain unclear

Many companies have adopted AI for individual tasks but productivity numbers have not improved. The author says pushing AI too fast causes resistance and change fatigue. New ideas need time to grow and should be protected from being rushed. Most workers use AI for simple tasks at a basic level.

Israeli AI firms help NVIDIA models resist hackers

Israeli AI companies Alice and AI21 trained NVIDIA Nemotron models to resist manipulation by hackers. They also worked with Inflection AI to stop chatbots from encouraging unhealthy emotional dependence. Tests showed a 41 point improvement in resisting hidden malicious instructions. The results have not been independently verified.

Wall Street fear spikes as traders lose $52 million on AI bets

Wall Street's Fear and Greed Index dropped to 18, signaling extreme fear, as the Nasdaq fell 4.5% for the week. Chip stocks dropped 11.4% and CoreWeave fell about 25% amid AI debt worries. Traders lost nearly $52 million on leveraged AI stock bets in just 10 minutes on a Saturday. The reading came one day before Black Monday turned 39 years old.

China's Star50 index plunges as AI trade loses momentum

China's Star50 index fell close to 40% over the current half year after soaring 75% from April to June. At its June 30 peak, the index traded at over 80 times next 12 months' earnings. Onshore IPOs have raised $37 billion this year, with tech issuers bringing in over one third. Even after the drop, the Star50 still trades above 40 times forward earnings.

nCino launches AI mortgage tools to boost lending software

nCino launched its Loan Officer Productivity Suite with AI tools for eligibility checks, automated pre approvals, and workflow automation. Parlay announced a partnership linking its SBA intake technology into nCino's commercial and small business solutions. The tools target manual work in mortgage origination and aim to make contracts stickier. The main risk is execution, as nCino competes with large platforms and specialist fintechs.

Sources

• Why Did NVIDIA (NVDA) Rise Only 19% While Its Suppliers Did Far Better?
• TSMC’s (TSM) Record AI Demand Comes With a Growing Cost
• S&P Global (SPGI) Is Benefiting From the AI Boom. Is the Stock Undervalued?
• Anthropic Proposes AI Safety Bill Giving US Government Power to Block High-Risk Models
• Anthropic is said to propose federal AI safety rules with limits on government
• AI boom sustains Korea's growth despite global headwinds: IMF official
• Is RUM Group (RUM) Undervalued As Its AI Data Center Pivot Draws Buy Ratings?
• How Ankur Gupta is making AI model deployment more reliable
• The AI productivity paradox: Why AI is everywhere except in the productivity numbers
• Israeli AI firms train NVIDIA models to resist hackers and dangerous chatbot behavior
• Black Monday Fears Grip Wall Street as Traders Lose $52 Million on AI Stock Bets
• China's Star50 plunges as AI trade unravels
• Does AI Mortgage Launch Change The Bull Case For nCino Stock (NCNO)?