The stocks of AI chipmakers such as Nvidia and TSMC have been on a tear as Wall Street stays bullish on artificial intelligence — in the short term, at least.
Taiwan Semiconductor Manufacturing Company (TSM) plans to build additional chip plants throughout Europe, according to a Bloomberg report. B. Riley Financial (RILY) shares catapult by nearly 25% in pre-market trading after agreeing to sell its majority stake in Great American Holdings to Oak Tree Capital Management (OAK-PB, OAK-PA) for nearly $400 million. Lastly, Delta Air Lines (DAL) suspends its hot meal service for flights departing from Detroit due to "food safety issues." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.