PepsiCo Exceeds Estimates; TSMC Raises 2026 Outlook; Alibaba's New AI Model for 3D Video
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- PepsiCo’s (PEP) quarterly revenue and earnings beat expectations, as the maker of Doritos and Lay’s sees improvement in salty snacks volume following recent price cuts.
- Taiwan Semiconductor Manufacturing Co. (TSM) raised its revenue outlook for 2026, an upbeat forecast that underscores the resilience of AI chip demand despite concerns about the economic fallout from the Middle Eastern conflict.
- Alibaba Group Holding (BABA) launched a new AI model that can be used to develop games and generate videos simulating the real world, expanding its suite of products to challenge Tencent Holdings Ltd. as it looks to monetize the technology.
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