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TSMC's 3rd-quarter profit handily beats forecasts on AI boom
Nvidia and Apple supplier TSMC shares pop 10% after quarterly profit soars on AI demand
TSMC is the world's largest producer of advanced chips, serving clients such as Apple and Nvidia. Shares of Taiwan Semiconductor Manufacturing Co., the world's largest producer of advanced chips, serving clients such as Apple and Nvidia,
TSMC beats forecasts with 54% surge in profits on soaring AI demand
Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms
TSMC's third-quarter profit handily beats forecasts on AI boom
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, reported on Thursday a forecast-beating 54% jump in third-quarter profit on the back of soaring demand.
Nvidia stock rises to new record, exceeding Jun. high
Nvidia’s stock tracks toward record as TSMC sees AI chip market still booming
All members of the PHLX Semiconductor Index were in positive territory Thursday as TSMC offered upbeat commentary on the sector.
Stock market today: Indexes fall from records as chip rout drags tech shares lower
A drop in chipmaker shares on Tuesday hit pause on the latest rally, yanking indexes from the record highs achieved in the previous session. The tech-heavy Nasdaq dropped 1% as Tuesday's session delivered a double-whammy to the semiconductor industry.
Nvidia stock rises to new record, exceeding June high as AI trade is rekindled
Shares of Nvidia rose more than 3% on Thursday, briefly tapping a new intraday high of $140.89. It bested a previous record of $140.76, set June 20.
17m
on MSN
What the roller coaster earnings at ASML and TSMC tell us about demand for AI chips
TSMC's blockbuster results will be a welcome surprise to investors after ASML's earnings sent semiconductor stocks tumbling ...
23m
on MSN
Chip stocks rally after TSMC's strong sales forecast calms growth worries
Two days after a broad semiconductor-stock sell-off driven by a light forecast from the Dutch firm ASML, chipmakers rallied ...
1h
Chip stocks rally as TSMC forecasts strong AI demand for ‘many years’
Taiwan Semiconductor Manufacturing Company's blowout third quarter earnings and optimism over AI demand boosted chip stocks ...
8h
on MSN
Chip giant TSMC reports blockbuster results even as questions over AI mania loom
The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.
4h
Taiwan chipmaker TSMC forecasts higher-than-expected profit as AI demand grows
Taiwan’s TSMC, the world’s largest contract chipmaker, said Thursday that its full-year revenue for 2024 was expected to grow ...
7h
on MSN
TSMC set to produce first chips from new Arizona plant at start of 2025
TSMC is building three new facilities in Arizona in order to protect its business against mounting tensions between China and ...
7h
Taiwan's TSMC Says Net Profit Rose 54.2% In Third Quarter
Taiwanese chip giant TSMC announced Thursday a bigger-than-expected increase in net profit for the third quarter of 2024.
6h
on MSN
TSMC Stock Jumps on AI-Fueled Earnings Surge
U.S.-listed Taiwan Semiconductor Manufacturing Co. shares are jumping 8% in premarket trading after the chipmaker posted ...
5h
on MSN
U.S. Chip Stocks Rally as TSMC's AI-Backed Outlook Impresses Investors
TSMC's U.S.-listed shares are up more than 80% so far this year, while Nvidia has risen over two folds, as investors pour ...
7h
Taiwan's TSMC Says Full-year Revenue Forecast To Grow Nearly 30%
Taiwan's TSMC said Thursday that its full-year revenue was forecast to grow nearly 30 percent, after the world's biggest chipmaker recorded a better-than-expected performance in the third quarter.
Shacknews
3h
Taiwan Semiconductor (TSM) stock leaps on bullish Q4 2024 outlook
Taiwan Semiconductor blasted past its financial expectations for Q3 and is adjusting its Q4 outlook accordingly.
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