Reported 14 days ago
TSMC exceeded expectations in its third-quarter earnings, leading to a significant rally in chip stocks, with shares of key companies like Broadcom and Nvidia also rising. The semiconductor giant raised its revenue forecast, citing stronger than anticipated demand, especially driven by the growing investment in artificial intelligence. Despite warnings from analysts about a potential AI bubble, Wall Street continues to favor the AI trade as major tech players like Google and OpenAI expand their operations.
Source: YAHOO