Reported about 1 month ago
Chipmaker stocks experienced a significant rally as Taiwan Semiconductor Manufacturing Company (TSMC) reported a 54% increase in quarterly profits and forecasted strong, long-term demand for AI-related chips. As a result, stocks of major players like Nvidia, AMD, and Qualcomm all saw upticks, with TSMC's shares jumping nearly 10%. TSMC's optimistic assessment of AI demand, coupled with its market dominance over rivals in the AI semiconductor space, has reassured investors amidst previous market uncertainties.
Source: YAHOO