Chip stocks rally after TSMC's strong sales forecast calms growth worries
Costfoto/NurPhoto via Getty ImagesSemiconductor stocks rose after TSMC's strong sales forecast.The bellwether chipmaker expects AI-product revenue to
Nvidia Stock Hits Another Record High as AI Chip Excitement Returns
Nvidia shares hit another record high Thursday as concerns earlier this week about a softening in the semiconductor market was eased by TSMC's earnings report.
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.
Taiwan's TSMC posts sharp rise in third quarter net profit
Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for AI technology. Taiwan Semiconductor Manufacturing Company controls more than half the world's output of chips used in everything from Apple's…
Nvidia hits record high as chip stocks rally on TSMC's rosy AI-powered outlook
:Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC's strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world's largest contract
US chip stocks rally as TSMC's AI-backed outlook impresses investors
:U.S. chip stocks rose on Thursday after industry bellwether TSMC's strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised its expectation for annual r
Markets News, Oct. 17, 2024: Dow Notches 39th Record Close of the Year; TSMC Soars on AI Demand
U.S. stocks were little changed on Thursday after a morning chip rally, spurred by solid quarterly results from the world's largest contract chipmaker, lost steam.
S&P 500 Gains and Losses Today: Health Insurers Slide as Elevance Cites Medicaid Declines
The S&P 500 was essentially flat on Thursday, Oct. 17, 2024, closing less than 0.1% lower despite strong retail sales data and a resurgence in AI chip stocks.
TSMC Stock Jumps on AI-Fueled Earnings Surge
U.S.-listed Taiwan Semiconductor Manufacturing Co. shares jumped 9% Thursday morning after the chipmaker posted robust quarterly earnings and projected a buoyant outlook on the back of the artificial intelligence (AI) boom.
Taiwan's TSMC posts sharp rise in third quarter net profit
Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for AI technology. TSMC said it expected full-year revenue to increase by nearly 30 percent.
Taiwan's TSMC posts sharp rise in third quarter net profit
Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and raised its growth forecasts for the year on "extremely robust" demand for AI technology. TSMC said it expected full-year revenue to increase by nearly 30 percent.
Nvidia and Apple supplier TSMC shares pop 10% after quarterly profit soars on AI demand
TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.
TSMC Q3 profit rises 54%, better than forecasts
TAIPEI : Taiwanese chipmaker TSMC posted a 54 per cent rise in third-quarter net profit on Thursday that beat market expectations as it continues to reap the rewards of surging demand for semiconductors used in artificial intelligence applications.Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the worl
ABB Raises Margin Outlook as Power Unit Gains From Data Boom
(Bloomberg) — ABB Ltd. raised its margin outlook as massive investments in data centers fueled demand for its power-grid business, helping offset weaker sales of factory automation products.
Down 5%, What's Happening With Nvidia Stock?
The selloff follows an earnings report by chip manufacturing equipment supplier ASML which indicated weaker-than-expected sales guidance for 2025, raising concerns amo...
TSMC bullish on outlook as AI boom blows Q3 profit past forecasts
TAIPEI : TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54 per cent jump in quarterly profit driven by soaring demand for chips used in artificial intelligence (AI).Taiwan Semiconductor Manufacturing Co, the dominant produc
TSMC bullish on outlook as Q3 profit beats forecasts on AI boom
TAIPEI :TSMC, the world's largest contract chipmaker, said on Thursday it expects strong growth in its business to be sustained as it reported a forecast-beating 54 per cent jump in quarterly profit due to soaring demand for chips used in artificial intelligence (AI).Taiwan Semiconductor Manufacturing Co, the
TSMC set to report strong profit driven by AI boom
TAIPEI : Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 42 per cent leap in third-quarter profit on Thursday thanks to soaring demand.The world's largest contract chipmaker, whose customers include Apple
TSMC's third-quarter profit handily beats forecasts on AI boom
TAIPEI :Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, reported on Thursday a forecast-beating 54 per cent jump in third-quarter profit on the back of soaring demand.The world's largest contract chipmaker, whose customers include Ap
S&P 500 Gains and Losses Today: United Airlines Soars on Strong Earnings, $1.5B Buyback
The S&P 500 added 0.5% on Wednesday, Oct. 16, 2024, driven by upbeat earnings reports and a rebound among semiconductor stocks.
Stock market today: Dow jumps 337 points to fresh record as US stocks rise on solid earnings
Stocks rose on Wednesday after traders took in a handful of strong corporate earnings reports.Morgan Stanley and United Airlines beat estimates, sending
All eyes are on TSMC earnings as the chipmaker industry faces slowdown worries
Investors are awaiting TSMC earnings for signs of what's to come for the chip sector. AMSL sparked a panic on Tuesday as it slashed sales guidance for
last updated on 18 Oct 08:40