Microsoft unveils the Maia 300, its latest AI chip

What happened: Microsoft (MSFT) unveiled the Maia 300, its latest AI chip, with key components built by Taiwan Semiconductor Manufacturing Company (TSM). Why it matters: Microsoft seeks to reduce its reliance on third-party processors from Advanced Micro Devices (AMD) and Nvidia (NVDA). Market: +1.9% by next close ($605.53 on Oct 13), +155.4% YTD Coverage: 5 outlets in 24h

Microsoft (MSFT) unveiled the Maia 300, its latest AI chip, with key components built by Taiwan Semiconductor Manufacturing Company (TSM).

Microsoft seeks to reduce its reliance on third-party processors from Advanced Micro Devices (AMD) and Nvidia (NVDA). Market: +1.9% by next close ($605.53 on Oct 13), +155.4% YTD