TSM Stock Recent News
TSM LATEST HEADLINES
TSMC posted a surge in revenue in March as it cashes in on a continuing artificial intelligence boom powered by high-end chips.
Taiwan Semiconductor Manufacturing Co.'s quarterly revenue grew at its fastest pace in more than a year. The main chipmaker to Nvidia Corp. and Apple Inc. reported a better-than-expected 16% rise in March-quarter sales to about NT$592.6 billion.
Taiwan chipmaker TSMC reported a 16.5% year-on-year rise in first-quarter revenue on Wednesday.
Pre-market futures are up this morning. There is no real news on which market opinion to pivot, but slightly bullish sentiment looks to be gathering ahead of tomorrow's Consumer Price Index (CPI) report, which is expected to come in +3.5% on the Inflation Rate (headline CPI year over year) and +3.7% on core CPI year over year.
AI applications are leading demand for new semiconductors in 2024. A major new expansion project in Arizona will boost its growth prospects.
Taiwan Semiconductor is making massive investments to diversify and expand its manufacturing base.
Wall Street loves grouping high-performing stocks together to separate them from the rest of the pack. The FAANG stocks were red hot in 2017, and the "Magnificent Seven" took over as the leadership group in 2023.
Taiwan Semiconductor Manufacturing Company (NYSE: TSM) experienced a notable uptrend following the Biden administration's announcement of financial backing, totaling up to $11.6 billion.
Matt Bryson of Wedbush Securities discusses the outlook for the Taiwanese chip giant.
In the most recent trading session, TSMC (TSM) closed at $142.79, indicating a +1.01% shift from the previous trading day.