Taiwan Semiconductor Leads Chip Stocks Higher. Sales Show AI Boom Isn’t Over. - Barron's
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July 10, 2024, 7:54 am EDT Shares of Taiwan Semiconductor Manufacturing TSM -1.13% , a big suppli...
Original sourceAI Summary
TSM stock rose after surge in sales reported by Taiwan Semiconductor Manufacturing. Demand for high-powered chips remains strong, impacting TSM and other chip makers positively. TSMC reported a significant increase in revenue for June and second-quarter sales.
Market-Moving
- TSM stock rose after surge in sales reported by Taiwan Semiconductor Manufacturing.
- Demand for high-powered chips remains strong, impacting TSM and other chip makers positively.
- TSMC reported a significant increase in revenue for June and second-quarter sales.
Key Facts
- TSM stock rose after surge in sales reported by Taiwan Semiconductor Manufacturing.
- Demand for high-powered chips remains strong, impacting TSM and other chip makers positively.
- TSMC reported a significant increase in revenue for June and second-quarter sales.