- Benzinga
Nvidia, AMD Chips To Get Dearer as Taiwan Semi Eyes AI Chip Price Hike
Chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Qualcomm Inc (NASDAQ:QCOM), Micron Technology, Inc (NASDAQ:MU) and Arm Holdings Plc (NASDAQ:ARM) were trading lower Tuesday amid reports of Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) plans to boost the price of its AI chip production services. TSMC stock also traded lower on Tuesday. U.S. Big Tech stocks harboring AI ambitions are also trading lower Tuesday, including Microsoft Corp (NASDAQ:MSFT), Met
- Barrons.com
Microsoft, Alphabet, TSMC, and Other Tech Stocks in Focus Today
Technology shares were mainly in the red early Tuesday, in line with the broader market as fears grow about the strength of the U.S. economy.
- Benzinga
What's Going On With Taiwan Semi Stock On Tuesday?
On Tuesday, Taiwan Semiconductor Manufacturing Co's (NYSE:TSM) C.C. Wei assumed the Chairman and CEO roles, marking the first time in years someone has held both positions. The stock is trading lower on Tuesday after closing higher by almost 3% on Monday. Wei reiterated expectations for AI advancement to fuel a recovery in the industry by 2024. Quite interestingly, Wei is looking to boost the price of his company's AI chip production services. He has already discussed the matter with Nvidia Corp
