The manufacturer of Nvidia, AMD chips soothes concerns that rocked the industry Tuesday

📆 18/10/2024 00.20.00

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Jim Cramer,Investment Strategy,Markets

Shares of Nvidia, Broadcom and AMD all were higher in Thursday's session.

📆 18/10/2024 00.20.00
📰 CNBC

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Maybe the AI boom isn't petering out after all. The news Taiwan Semiconductor Manufacturing Company on Thursday reported strong third-quarter results fueled, in part, by artificial intelligence processors. Per-share profit at the world's largest third-party chip producer jumped 54% from the year-ago period. Sales rose 36%. TSMC shares that trade in the U.S. soared 12.

TSMC headquarters in Hsinchu, Taiwan. The semiconductor manufacturer's products lie at the heart of everything from automobiles to smartphones.

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