Global corporate profits up 7% in April-June on AI and tech demand

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AI-related demand fueled corporate profit growth worldwide in the second quarter, with tech companies and chipmakers leading the way. © Reuters

KENSHO MOTOWAKI

TOKYO -- Total net profits at publicly listed businesses around the world rose 7% on the year in the April-to-June quarter, with U.S. tech firms and semiconductor companies underpinning the overall performance thanks to artificial intelligence-related demand.

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