- Benzinga
Taiwan Semi Rides AI Wave, Reports $7.1B Revenue In May
Taiwan Semiconductor Manufacturing Co (NYSE:TSMC) saw a 30% increase in May sales, reaching $229.6 billion New Taiwan dollars ($7.1 billion), due to high demand for AI and recovering consumer electronics. As the world’s largest contract chipmaker, TSMC produces semiconductors for Nvidia Corp (NASDAQ:NVDA), which supplies companies like Microsoft Corp (NASDAQ:MSFT) and OpenAI, Bloomberg reports. Additionally, global smartphone sales rebounded in early 2023, boosting mobile chip orders. Also Read:
- Motley Fool
Nvidia's 10-for-1 Split Isn't a Reason to Buy the Stock, but These 3 Reasons Are
Investors may be enthusiastic about stock splits, but business fundamentals are the only reason to purchase a stock.
- Insider Monkey
Is This Growth Stock a Good Long Term Buy?
We recently compiled a list of the 10 Best Growth Stocks to Buy According to Billionaire Dan Loeb and in this article we will discuss the activist investor’s position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Billionaire investor Dan Loeb’s hedge fund Third Point had a strong start to 2024 after its offshore fund posted […]
