Chipmakers Rally, Nvidia Smashes Records On TSMC Blowout …

Oct 17, 2024 · A semiconductor rally pushed the S&P 500 to new all-time highs on Thursday, with strong earnings from Taiwan Semiconductor Manufacturing Co. Ltd.

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Nvidia Hits Record High As Chip Stocks Rally On TSMC's Rosy AI …

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Oct 17, 2024 · TSMC customer and AI chip frontrunner Nvidia rose almost 4% to a record high of $140.89, before paring gains to trade 2% higher in afternoon trade. Smaller rival AMD gained …

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TSMC Becomes $1 Trillion Company Thanks To ‘Insane’ AI …

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Oct 17, 2024 · 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” …

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Nvidia, Chip Stocks Rally After TSMC's Blowout Earnings - MSN

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TSMC reported a 54% increase in net profit, as global chipmakers continue to benefit from demand driven by AI applications. The company's net income for the July-September quarter …

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Nvidia Hits Record High As Chip Stocks Rally On TSMC's Rosy

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Oct 17, 2024 · TSMC customer and AI chip frontrunner Nvidia rose almost 4% to a record high of $140.89, before paring gains to trade 2% higher in afternoon trade. Smaller rival AMD gained …

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Nvidia Supplier Leads Chip Rally Despite Geopolitical Fears

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Oct 17, 2024 · It expects sales to be even hotter to close the year, with the company issuing revenue guidance between $26.1 and $26.9 billion for the fourth quarter. That news helped …

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TSMC Shares Hit Record High As AI Demand Boosts Chip Industry

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Jun 6, 2024 · The gains follow a rally by shares of Nvidia, a major customer of TSMC's, on Wall Street overnight. Shares of the AI chip maker also hit a record high, rising 5.2% to …

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Chip Stocks Rally After TSMC's Strong Sales Forecast Calms Growth …

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Oct 17, 2024 · TSMC is now up more than 100% year-to-date, trailing Nvidia's 182% climb but easily outpacing the iShares Semis ETF (21%) and the benchmark S&P 500 (23%) over the …

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Nvidia Hits Record High As Chip Stocks Rally On TSMC's Rosy AI …

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TSMC customer and AI chip frontrunner Nvidia rose almost 4% to a record high of $140.89, before paring gains to trade 2% higher in afternoon trade. Smaller rival AMD (NASDAQ: AMD) …

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FAQs about Chipmakers Rally, Nvidia Smashes Records On TSMC Blowout … Coupon?

Why did TSMC's chip stock rally?

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 its manufacturing technology, a warning seemingly rendered less relevant for the industry by TSMC’s bumper earnings. ...

Why did chip stocks rally Thursday?

Chip stocks rallied Thursday as the Taiwanese manufacturing partner for American artificial intelligence stalwart Nvidia reported blowout earnings, scoring a trillion-dollar valuation for the Asian firm as the generative AI bonanza continues to inspire new records on Wall Street. The lobby of the TSMC facility in Phoenix last year. ...

Does TSMC control the chip market?

TSMC controls roughly 90% of the market for advanced chip manufacturing. Another impressive round of earnings results from Taiwan Semiconductor Manufacturing Company sparked a broad chip stock rally Thursday morning. ...

Does TSMC make custom chips?

Wei declared his company “probably gets the deepest and widest growth of anyone” from the AI gold rush as “almost every AI innovator” relies on TSMC to make its custom semiconductor chips. Apple and Nvidia, the two most valuable companies in the world, are top customers of TSMC, relying on the Taiwanese foundry to actually build its custom chips. ...

Why did Nvidia stock hit a record high?

(Reuters) -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. ...

Did Taiwan Semiconductor Manufacturing (TSM) blowout earnings report?

Investing.com -- Chip stocks rose higher Thursday after a blowout earnings report by Taiwan Semiconductor Manufacturing (NYSE:TSM), the world’s largest producer of advanced chips and a key player in the ongoing AI boom. ...