Nasdaq 100 climbs on bullish tech sentiment. TSMC gains 2% after strong earnings, Tesla up 1% on analyst upgrade, driving index higher.
Sales at the semiconductor maker rise 33% in June and 40% in the second quarter,
Taiwan Semiconductor Manufacturing Co on Wednesday beat analysts' forecasts in reporting a 40% increase in its second quarter sales on the back of a boom in demand for the advanced microchips required
Taiwan Semiconductor Manufacturing Company (TSMC) which is the world's largest contract chipmaker is expected to report a 32% increase in revenue for the April-June quarter at T$673.51 billion ($20.6

TSMC Chip Sales Surge on AI Infrastructure Demand

03:20am, Wednesday, 10'th Jul 2024
TSMC's second-quarter sales were buoyed by the AI boom that's fueling data center investment worldwide. The sole supplier of Nvidia and Apple's most advanced chips said revenue for June came to NT

TSMC Q2 revenue handily beats market forecasts

01:42am, Wednesday, 10'th Jul 2024
TSMC , the world's largest contract chipmaker, reported on Wednesday second quarter revenue of T$673.51 billion ($20.67 billion), according to Reuters calculations, handily beating market forecasts.
In the rapidly advancing tech world, semiconductor AI stocks are emerging as pivotal players in market value growth through the development of AI chips and related applications. These companies are ri
The artificial intelligence (AI) revolution has the potential to boost the global economy by more than $15 trillion in 2030. One of Wall Street's most-prominent billionaire money managers dumped more
Shares of upstream chip companies TSMC and ASML have surged on the back of Nvidia's gains. TSMC's market cap briefly crossed $1 trillion on Monday.
Investors pushed the global chip maker's share price to a new record high. The company is a key supplier of processors for artificial intelligence developers, a major factor in its recent success and

TSMC (TSM) Hits New All-Time High

04:39pm, Monday, 08'th Jul 2024
Morgan Stanley predicts that TSMC (TSM) will raise its FY sales forecast. Caroline Woods discusses TSMC as it hit a new all-time high today.
The entry of Taiwanese chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI revolution is shaking up Wall Street.
The chip-manufacturing firm's shares have been lifted, by investor anticipation for the prospects for artificial intelligence, along with shares of Nvidia, a big customer.
ASML shares briefly crossed the 1,000 euro ($1,084.30) mark for the first time on Monday, an all-time high, following positive research notes on top customer TSMC ahead of both companies' earnings.
Stocks like NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company Limited (TSM), Micron Technology, Inc. (MU) and RF Industries, Ltd. (RFIL) are likely to benefit form the rebound in semicond
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