Taiwan Semiconductor Manufacturing Co. Ltd. ADR (TSM)
Sales Breakout Sends This Semiconductor Stock to Record High
Investors will find that most of the market's attention has centered on today's technology sector, particularly stocks dealing with artificial intelligence and its growing adoption throughout the global economy. For better reference, investors can dig into the VanEck Semiconductor ETF NASDAQ: SMH to filter out their picks further.
TSMC: Taiwan Discount
Taiwan Semiconductor Manufacturing Company Limited reports strong revenue growth for June, up 33% YoY, with booming demand for AI chips. The company is likely to easily top Q2 '24 EPS targets of $1.41 after a big revenue beat. Despite a massive rally, the stock still trades discounted at 21x boosted '25 EPS targets due to fears of a China invasion of Taiwan.
AI frenzy takes Taiwan's TSMC to record peak, puts it in trillion dollar club
Taiwan's TSMC scaled a record high on Thursday after posting strong second-quarter revenue on booming demand for AI applications, cementing its position as Asia's most valuable company.
Why Taiwan Semiconductor Stock Popped on Wednesday
TSMC reported a sequential slowdown in sales for the month of June, but a big increase in sales year over year. Year to date, sales are up 28% in comparison to the first half of 2023.
Nvidia supplier TSMC reports higher revenues than expected
Shares in the world's largest chip foundry, Taiwan Semiconductor Manufacturing Co (NYSE:TSM), climbed 2.5% in New York after reporting stronger than expected sales, driven by the artificial intelligence (AI) trend. TSMC, which makes chips for Nvidia and others.
TSMC Jumps on 40% Year-Over-Year Q2 Revenue Increase
Taiwan Semiconductor Manufacturing Company's (TSM) American depositary receipts (ADRs) rose in intraday trading Wednesday after the chipmaker released revenue figures for June, offering a full picture of the company's second-quarter performance.
Taiwan Semiconductor Leads Chip Stocks Higher. Sales Show AI Boom Isn't Over.
Sales at the semiconductor maker rise 33% in June and 40% in the second quarter,
TSMC outstrips forecasts in posting 40% surge in second quarter sales
Taiwan Semiconductor Manufacturing Co on Wednesday beat analysts' forecasts in reporting a 40% increase in its second quarter sales on the back of a boom in demand for the advanced microchips required for artificial intelligence technologies.
TSMC expected to report 32% jump in Q2 revenue on AI boost: Reuters
Taiwan Semiconductor Manufacturing Company (TSMC) which is the world's largest contract chipmaker is expected to report a 32% increase in revenue for the April-June quarter at T$673.51 billion ($20.67 billion), a Reuters calculations has revealed, on the back of rise in demand for artificial intelligence (AI) applications.
TSMC Q2 revenue handily beats market forecasts
TSMC , the world's largest contract chipmaker, reported on Wednesday second quarter revenue of T$673.51 billion ($20.67 billion), according to Reuters calculations, handily beating market forecasts.
Chip giant TSMC crosses $1 trillion market cap, riding on the back of Nvidia's gains
Shares of upstream chip companies TSMC and ASML have surged on the back of Nvidia's gains. TSMC's market cap briefly crossed $1 trillion on Monday.
Why Taiwan Semiconductor Stock Topped the Market Today
Investors pushed the global chip maker's share price to a new record high. The company is a key supplier of processors for artificial intelligence developers, a major factor in its recent success and popularity.
