Tag: Third Quarter Results

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 […]

By John Fenwick

October 17, 2024October 17, 2024