TSMC Shares Reach Record High After AI Boom Brightens Forecast

Oct 17, 2024 · (Bloomberg) -- Taiwan Semiconductor Manufacturing Co. shares hit a record high after the chipmaker topped quarterly estimates and raised its target for 2024 revenue growth, …

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TSMC Shares Reach Record High After AI Boom Brightens Forecast

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Oct 17, 2024 · Taiwan Semiconductor Manufacturing Co. posted a better-than-projected 54% rise in quarterly earnings after strong sales of Nvidia Corp. AI chips offset a sagging mobile …

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TSMC Shares Rise On Record Results, Strong Outlook Amid AI Boom

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Oct 18, 2024 · TSMC's third-quarter net profit surged 54% to the equivalent of $10.12 billion, topping market consensus, with the gross margin reaching 57.8%, exceeding its own high-end …

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TSMC Bullish On Outlook As AI Boom Blows Q3 Profit Past Forecasts

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Oct 16, 2024 · The AI boom has helped drive up TSMC shares, with its Taipei-listed stock leaping 75% so far this year, compared with a 28% gain for the broader market , opens new tab, giving …

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

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Oct 17, 2024 · New York-listed shares of TSMC shot up 12% to an all-time high of $209 after the company comfortably beat consensus analyst forecasts for third-quarter profit and sales, …

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TSMC Stock Soars 10% On 54% Profit Surge And AI Demand

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Oct 18, 2024 · TSMC stock jumped 6% shortly after opening to reach T$1,100 ($34.25), surpassing the previous record of T$1,080 hit on July 11. That gave TSMC a market …

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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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TSMC Surges To Record High On AI Optimism, Global Chip Rally

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Mar 4, 2024 · Read: TSMC Close to Rejoining World’s 10 Biggest Stocks Amid AI Rally TSMC has soared over 22% so far this year, helping the local benchmark Taiex Index also reach a …

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TSMC Posts Record Profit As AI Boom Continues — Update

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Oct 17, 2024 · TSMC said third-quarter revenue from its high-performance computing segment, which includes AI chips, rose about 11% sequentially, while revenue from the smartphones …

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TSMC Stock Price (TSM) Hits New High, Profit Seen Jumping On AI …

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The TSMC stock price (NYSE:TSM) has hit new 52 week highs in trading today of $194.25., marking a 90% gain year-to-date as the broader market continues its upward momentum …

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TSMC Gains $42 Billion To Pass Visa As Investors Bet On AI Boom

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Feb 15, 2024 · (Bloomberg) -- Taiwan Semiconductor Manufacturing Co. gained about $42 billion of market value after investors bet the chipmaker to Nvidia Corp. and Apple Inc. will become …

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FAQs about TSMC Shares Reach Record High After AI Boom Brightens Forecast Coupon?

Is TSMC a beneficiary of the AI boom?

TSMC has soared over 22% so far this year, helping the local benchmark Taiex Index also reach a record high. The main supplier to Apple Inc. and Nvidia Corp. is considered a key beneficiary of the ongoing AI boom, with its executives expecting a return to solid growth this quarter amid signs of a demand recovery. ...

How much is TSMC worth?

New York-listed shares of TSMC shot up 12% to an all-time high of $209 after the company comfortably beat consensus analyst forecasts for third-quarter profit and sales, sending its market value to $1.08 trillion. ...

Is TSMC just the 'insane' demand for AI?

The lobby of the TSMC facility in Phoenix last year. “It’s just the beginning” for the “insane” demand for all things AI, C.C. Wei, the chief executive officer of Taiwan Semiconductor Manufacturing Co., said on his company’s third-quarter earnings call, according to FactSet’s translation of his comments. ...

How have TSMC shares performed this year?

The shares have risen 76% so far this year, compared with a 34% gain for the broader market. TSMC's ADRs jumped 4.8% to a record of $192.79 on Monday, briefly boosting the firm's market value to $1 trillion. ...

Why did TSMC top a trillion dollar market value this week?

TSMC also topped a trillion dollar market value this week. The AI frenzy has sparked a rally in chipmaker stocks across the globe. Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, whose customers include AI poster child Nvidia (NVDA.O), has especially benefited from the soaring demand for AI-capable chips. ...

Did TSMC beat market forecasts?

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights TAIPEI, July 10 (Reuters) - TSMC (2330.TW), the world's largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications. ...