Reported 14 days ago
Chip stocks saw a boost on Thursday after TSMC, the leading contract chipmaker, presented an optimistic outlook driven by strong demand for AI technology. The company reported record profits and increased its revenue projections, citing robust orders from major clients like Nvidia and Apple. The AI sector has recently experienced significant deals, including a $40 billion acquisition led by BlackRock and a partnership between OpenAI and Broadcom to produce specialized chips. Analysts suggest this growing trend indicates a sustained demand in the semiconductor market beyond mere cyclical spikes.
Source: YAHOO