Taiwan Semiconductor ((TSM) reported quarterly earnings this morning and did not disappoint shareholders. Earnings came in 8.9% above analysts' expectations and showed a 54.2% year-over-year (YoY) increase, while revenue beat estimates by 1.3% and grew an impressive 39% YoY.Management offered encouraging comments as well, with Wendell Huang, Senior VP and Chief Financial Officer saying, “Our business in the third quarter was supported by strong smartphone and AI-related demand for our industry-leading 3nm a ...

Key TakeawaysNvidia shares set yet another record high Thursday as concerns earlier this week about a softening in the semiconductor market was eased by TSMC's earnings report.The Taiwanese supplier of chips to Nvidia, Apple, and others reported a huge jump in profit and sales on AI chip demand, and predicted a continuation of that demand in the future.Also boosting Nvidia's stock were comments by billionaire Stanley Druckenmiller that he lamented selling all his shares of the company earlier this year. Sha ...

The foundry giant served up convincing evidence that the artificial intelligence (AI) revolution is far from over.Shares of Taiwan Semiconductor Manufacturing Company (TSM 10.68%), also known as TSMC, charged as much as 13.4% higher on Thursday. As of 2:13 p.m. ET, the stock was still up 11.4%.Driving the semiconductor specialist higher were its quarterly financial results, which came in ahead of expectations.AI continues to chug alongAfter the blistering share price rally that kicked off early last year, m ...

Key TakeawaysChip stocks rose Thursday after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., reinvigorated Wall Street’s AI enthusiasm. Better-than-expected quarterly results and a rosy financial outlook powered its shares higher, along with a broader index of semiconductor stocks. Pockets of the industry are still grappling with an inventory glut that has persisted for more than a year amid sluggish consumer demand.  Chip stocks rose Thursday after the world’s largest contra ...

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Many investors still hold high regard for the technology sector in the United States today, which makes sense as the services PMI index is carrying most—if not all—of the economic growth left in the country, compared to the 23-month contraction in the manufacturing sector, as seen in that PMI index. However, not all technology sectors are equal.Taiwan Semiconductor Manufacturing TodayTSMTaiwan Semiconductor Manufacturing$211.82 +24.34 (+12.98%) 52-Week Range$84.95▼$212.30Dividend Yield0.92%P/E Ratio37.89Pri ...

Taiwan Semiconductor (NYSE:TSM) stock is driving the chip sector higher today, and near the top of the Nasdaq-100 Index (NDX). The semiconductor company reported third-quarter profit that topped analyst estimates. Taiwan Semiconductor also expects annual revenue growth in the last three months of the year, with artificial intelligence (AI) driving demand. The shares are up 20% to trade at $207.94, on track for their best single-session gain since May 2023. TSM -- a Schaeffer's Top Pick for 2024 -- earlier h ...

Thursday, October 17th, 2024The biggest day of economic reports has begun, with numbers feeding Q3 GDP accounts yet to come. The only people disappointed this morning will be people who are looking for an economic downturn in the United States. It ain’t happening.Off new closing highs, the Dow is up another +58 points at this hour. The S&P 500, nearing an all-time closing high of its own yesterday, is up another +25 points. The Nasdaq, having lagged the other industries over the past couple trading sessions ...

Philippe Laffont's hedge fund, Coatue Management, has been scooping up shares of Taiwan Semiconductor for several consecutive quarters.Billionaire investor Philippe Laffont is the founder of Coatue Management, one of Wall Street's most prestigious hedge funds. Below, I'm going to explore some of the more interesting moves Coatue has made as of late as it pertains to the firm's artificial intelligence (AI) positions.To locate this information, I've reviewed the firm's Form 13F form. It's an incredibly useful ...

Taiwan Semiconductor Manufacturing reported strong demand for AI chips.In today's video, I discuss Taiwan Semiconductor Manufacturing (TSM 11.32%) and why Nvidia (NVDA 2.82%) stock investors should pay attention. To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the pre-market prices of Oct. 17, 2024. The video was published on Oct. 17, 2024. ...