Chip stocks rally as TSMC forecasts strong AI demand for 'many …
18 hours ago · TSMC’s results Thursday helped those AI chip stocks partially recover from those losses. The AI chip market is set to grow 99% in 2024 and another 74% next year, according to consulting firm ...
Nvidia hits record high as chip stocks rally on TSMC's rosy AI …
23 hours ago · Oct 17 (Reuters) - Shares of Nvidia (NVDA.O), opens new tab hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC's strong sales forecast boosted investor ...
TSMC Becomes $1 Trillion Company Thanks To ‘Insane’ AI …
19 hours ago · The TSMC-led chip stock rally comes just two days after earnings from another non-U.S. titan in the industry, Dutch firm ASML, caused a selloff as it warned of “less gradual” demand growth for ...
U.S. Chip Stocks Rally as TSMC's AI-Backed Outlook ... - U.S. News
22 hours ago · TSMC customer and AI chip frontrunner Nvidia and smaller rival AMD both gained more than 2%. Networking chipmaker Broadcom, smartphone semiconductor maker Qualcomm and memory chip provider Micron ...
Nvidia's stock tracks toward record as TSMC sees AI chip market …
16 hours ago · TSMC, which makes chips for many companies in the industry, now anticipates that its revenue contribution from AI server processors will more than triple in 2024 to make up a mid-teens portion of ...
Stock market today: Dow hits fresh record, Nvidia and chip stocks …
13 hours ago · US-listed TSMC shares jumped 13% on the news to all-time highs, pushing the company's market capitalization past the $1 trillion mark. ... Shares of the AI chip heavyweight rose more than 3% to ...
Chip Stocks Rally as TSMC Earnings Point To Strong AI Demand
18 hours ago · Chip stocks rose Thursday after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co. , reinvigorated Wall Street’s AI enthusiasm with better-than-expected quarterly ...
Chip giant TSMC reports blockbuster results even as questions over AI …
1 day ago · TSMC's share price in Taiwan closed 0.96% lower on Thursday, but the stock is up nearly 75% this year-to-date and near its all-time high. TSMC's strong Q3 results show the AI spending party is ...
TSMC Q3 Earnings: Strong 2024 Sales Outlook Boosts AI Stocks …
The firm also said AI-product revenue would triple this year, making up 15% of the company's total revenue. Advertisement "The demand is real," CEO C.C. Wei said on the post-earnings …
TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom
1 day ago · Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns about global chip demand and the sustainability of an AI ...