Taiwan Semiconductor beat analyst forecasts for both sales and earnings -- but its news still wasn't good. Q2 sales declined 14% year over year, and earnings were down 23%.

Why Are Chip Stocks Down Today?

02:56pm, Thursday, 20'th Jul 2023
While the semiconductor space skyrocketed in large part due to burgeoning demand from artificial intelligence (AI) applications, Thursday saw a marked decline in sentiment, thus yielding the question,
Taiwan Semiconductor Manufacturing Corp. executives may have slapped down some of Wall Street's euphoria over artificial intelligence, reflected in the recent runup in the stock prices of several chip
TSMC shares slid after reporting a drop in profit for the first time in four years, amid a decline in demand for electronics.
As the COVID-19 peak effect periods expired in 2021 and 2022, the chip industry's severe shortages caused delays in other pockets of the economy, such as new vehicles and consumer electronic products.
Taiwan Semiconductor shares fell after the chipmaker reported its first profit decline in four years, citing slowing demand.
TSMC's chairman said the company is working to send trained technicians from Taiwan to train local workers to help accelerate equipment installation.
Semiconductor stocks struggled Thursday morning after Taiwanese chipmaker TSMC announced a projected 10% drop in sales for 2023.  The largest contract chipmaker in the world also said investment spen
The semiconductor sector was suffering a broad selloff in Thursday's premarket, in the wake of Taiwan Semiconductor Manufacturing Co. Ltd.'s earnings report, which disappointed investors.

Taiwan Semi Profit Slumps on Slow Chip Demand

03:50am, Thursday, 20'th Jul 2023
The world's largest contract chip maker reported a 23% fall in second-quarter profit as it grapples with a slump in demand for electronic devices.
TSMC is the top producer of the world's most advanced processors, but demand for consumer electronics has plunged post-pandemic.
TSMC's market cap is set to climb as the company benefits from sales and margin tailwinds. Meta Platforms has proved it can eclipse the coveted $1 trillion milestone already.

3 Semiconductor Stocks to Buy and Hold Forever

09:38am, Wednesday, 19'th Jul 2023
Supported by artificial intelligence (AI), the semiconductor industry is thriving. It has immense growth potential, and investors seeking long-term value creation should be looking for semiconductor s
Quantum computing happens to be one of the most promising technologies of the 21st century. The tech has investors searching for the best quantum computing stocks.

2 AI Stocks Wall Street Loves

09:17am, Wednesday, 19'th Jul 2023
TSMC and Microsoft are two prominent companies with their fingers buried deep in the AI industry. Wall Street analysts see both TSMC and Microsoft as lucrative investment ideas in the AI space.
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