TSMC's Strong Earnings Boosts Chip Stocks, Lucid's Shares Plunge on New Offering

Reported about 1 month ago

Shares of Taiwan Semiconductor Manufacturing Company (TSMC) surged after exceeding Q3 revenue expectations and raising its 2024 guidance due to robust demand for AI chips, positively impacting peers like Nvidia and AMD. In contrast, Lucid Group's shares fell sharply after announcing plans to sell approximately 262.5 million shares for corporate purposes.

Source: YAHOO

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