South Korean chipmakers Samsung and SK Hynix collectively posted record profits of $59.7 billion in the March 2026 quarter, surpassing India Inc’s aggregate profit for any previous quarter. This surge is driven by booming AI capital expenditure, with memory chips being central to the technology.
NY Fed’s John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed