U.S. chip stocks rally as TSMC's AI-backed outlook impresses investors

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 49 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

TSMC News

Taiwan Semiconductor Manufacturing Co,Artificial Intelligence

Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised its expectation for annual revenue growth and said sales from AI chips ...

- U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications.

U.S.-listed TSMC shares rose 7%, with the company's market capitalization set to cross $1 trillion if premarket gains hold. TSMC's outlook also offered some respite to investors after deep forecast cuts from chipmaking equipment giant ASML sparked fears of a slower-than-expected recovery in demand for semiconductors not used in AI.

Funds Raised During Company’s 3rd Annual PA CASA Golf Tournament Support the Important Work of the Pennsylvania Court Appointed Special Advocates for Children Organic Remedies Raises $80,000 to Support PA CASA Left to right: Rick McBride, OR Facilities Manager; Kelly Light, PA CASA Board Member; Mark June Wells, OR, Chief Science Officer; Jennifer DeBalko, PA CASA, Pres./CEO; Tammy Royer, OR, COO; Mark Toigo, OR CEO; Ryan Simpson, OR CFO; Mary Werdebaugh, OR Dir.

SIMPLY BETTER BRANDS CORP. ANNOUNCES LAUNCH OF TRUBAR™ ACROSS 1,400 STORES OF GPM INVESTMENTS, ONE OF THE LARGEST U.S. CONVENIENCE STORE OPERATORS

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines