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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.

Industry

Micron posts fourth-quarter revenue of $54.23 billion, up 31 percent from prior quarter

Micron posted record quarterly and annual revenue, citing AI-driven memory demand. The company said fiscal fourth-quarter revenue rose 30.8 percent from the previous quarter to $54.23 billion, nearly five times the year-earlier level, with adjusted EPS of $33.42. Revenue and EPS beat LSEG-compiled estimates. Data center revenue jumped to $18.0 billion. Micron guided fiscal 2027 first-quarter revenue of $61.5 billion and EPS of $38.15.

AI & Enterprise

LG AI Research says it will bet on expert AI to solve industry problems

LG AI Research set out an AGI strategy it said differs from global big tech, aiming to keep improving general models while building expert AI that can solve difficult problems in manufacturing, science and finance. It unveiled sector applications and development plans at an event in Seoul. The group is developing EXAONE model series, domain-specific models and K-EXAONE. It also said AI development should continue, while releases and deployment require greater caution.