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  • Wed. Oct 23rd, 2024
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    Tag: Taiwan semiconductor

    TSMC Earnings Boost Chip Stocks, Robinhood CEO on New Tools: Morning Brief
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    TSMC Earnings Boost Chip Stocks, Robinhood CEO on New Tools: Morning Brief

    The technology sector is getting a boost Thursday morning after Taiwan Semiconductor Manufacturing Company (TSM) beat third-quarter earnings results and raised its 2025 revenue forecast. Morning Brief hosts Seana Smith and Brad Smith wake up investors and report on the biggest market stories before the opening bell. Kathy Bostjancic, Nationwide's senior vice president and chief […]

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    Chip stocks rally as TSMC forecasts strong AI demand for “many years.”
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    Chip stocks rally as TSMC forecasts strong AI demand for “many years.”

    Optimism about AI demand in Taiwan Semiconductor Manufacturing Company's (TSM) stunning third-quarter earnings boosted chip stocks on Thursday. TSMC reported quarterly profit of 325.3 billion new Taiwan dollars ($10.1 billion), up 54% from a year earlier, beating Wall Street forecasts. The company also raised its full-year sales forecast: Sales rose 29% in 2024 compared to […]

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    Why TSMC is a “leading ring” for the AI ​​industry
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    Why TSMC is a “leading ring” for the AI ​​industry

    Taiwan Semiconductor Manufacturing Company (TSM) leads chip stocks after reporting better-than-expected third-quarter results and raising its 2025 revenue forecast. The earnings surge appeared to boost investor confidence in artificial intelligence (AI) after ASML Holding (ASML) cut its forecast, causing semiconductor stocks to fall. Bob O'Donnell, president and principal analyst of TECHnalysis Research, joins Seana Smith […]

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