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. ...

TSMC (NYSE: TSM ) has rallied 13% since our last coverage, narrowing the gap toward our target price of $210. Following its Q3 2024 earnings, which showed substantial year-over-year (YoY) revenue and profit growth, we believe TSMC’s long-term prospectsYiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fello ...

Technology stocks, specifically chipmakers, could lead from the front on Thursday as a stellar third-quarter earnings report from Taiwan Semiconductor Manufacturing Company Ltd. TSM is triggering positive sentiment toward all artificial intelligence plays. Oil prices have rebounded and gold traded at a fresh record, while bond yields held steady ahead of a slew of market-moving data that include retail sales, a regional manufacturing activity index, industrial production, and jobless claims.Earnings news co ...

KEY TAKEAWAYSU.S.-listed Taiwan Semiconductor Manufacturing Co. shares are jumping 8% in premarket trading after the chipmaker posted a quarterly earnings surge and projected a buoyant outlook on the back of the artificial intelligence (AI) boom.The company, which supplies tech heavyweights such as Apple and Nvidia, reported a better-than-expected 54% year-over-year rise in third-quarter net income of 325.3 billion New Taiwan dollars ($10.12 billion).TSMC also reported a 39% jump in revenue to NT$759.69 bil ...