Reported about 1 month ago
Nvidia shares reached a record high as US chip stocks rallied after TSMC, the leading chipmaker, projected strong annual revenue growth driven by AI chip sales. TSMC's positive outlook encouraged investors, lifting its own shares over 11% and boosting major players like Nvidia and AMD. Despite concerns about demand for non-AI semiconductors, TSMC’s forecast reinforced confidence in the chip sector's ongoing momentum.
Source: YAHOO