AI & Enterprise

S&P 500 third-quarter profits seen up nearly 31% on AI despite slower U.S. chip growth

U.S. semiconductor companies are expected to post slower third-quarter profit growth than in the previous quarter, but AI investment demand is forecast to lift S&P 500 profits nearly 31% from a year earlier. LSEG sees chip-sector profits up about 136% year-on-year. Alphabet, Amazon and Meta Platforms are expected to account for about two-thirds of the index’s profit growth. Investors are increasingly focused on whether rising AI spending translates into sustainable profits and cash flow.

Crypto

Is XRP correction over? Uptrend resumption or further drop at crossroads

XRP has rebounded after a recent sell-off, but analysis says it is too early to conclude the correction is over. It fell about 14 percent from $1.52 to as low as $1.31 before recovering to around $1.40. Attention is on whether the bounce signals a renewed uptrend or a temporary pullback before further declines. Key levels cited include $1.51945 on the upside and $1.37959 on the downside, alongside broader crypto and Fed factors.