Nvidia hits record high as chip stocks rally on TSMC's rosy AI-powered outlook
U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications.
US chip stocks rise as TSMC’s strong AI chip forecast boosts investor optimism
US chip stocks rise following TSMC's strong AI chip sales forecast, with Nvidia, AMD, and others benefiting from renewed investor confidence.
Chip stocks rally as TSMC forecasts strong AI demand for 'many years'
Taiwan Semiconductor Manufacturing Company's blowout third quarter earnings and optimism over AI demand boosted chip stocks Thursday.
Chip stocks rally after TSMC's strong sales forecast calms growth worries
Two days after a broad semiconductor-stock sell-off driven by a light forecast from the Dutch firm ASML, chipmakers rallied on Thursday on TSMC's strong results. TSMC itself climbed as much as 13% in New York trading, while major industry players Nvidia, Broadcom, and Micron each rose roughly 4% at intraday highs.
Wall Street set for strong open after retail sales data, chip stocks boost
U.S. stock indexes were set to rise on Thursday, with an upbeat forecast from TSMC boosting semiconductor stocks, while a bigger-than-expected rise in September retail sales pointed to a strong U.S. consumer.
US chip stocks rally buoyed by TSMC’s strong sales forecast
On October 17, an increasing trend was seen in US chip stocks. This happened after TSMC released a sales forecast which gained investors’ attention about the demand for processors. These in-demand processors are used to power AI applications.
Micron, Broadcom, and 3 More Chip Stocks to Buy on the Dip, According to J.P. Morgan
J.P. Morgan remains bullish on the sector and predicts shares will rise going forward. Sur said his top chip stock ideas are ...
Dow, S&P Flirt With Record Highs as Chip Stocks and Retail Data Support
The chipmaker's U.S.-listed shares soared 11.6%, while AI-trade favorite and TSMC customer Nvidia gained 2.6%, touching a ...
‘Just The Beginning’ For AI Demand Surge As Big Chip Stocks Gain $250 Billion
TSMC’s induction to the trillion-dollar club also spurred a rally for its ally Nvidia, whose shares rose 4% to an all-time ...
Chip stocks recover after ASML sparks global selloff
STORY: Semiconductor stocks recovered some ground on Wednesday, after a downbeat forecast from chip equipment maker ASML ...
Dow closes at another record high as chip stocks, retail data support
The Dow Jones Industrial Average advanced on Thursday to its fourth record close in the last five sessions, as ...
Chip Stocks Fall While Energy For AI Moves Into Spotlight
The big story on Tuesday was a warning from chipmaker ASML of a slower than expected recovery in some areas of the chip ...
Stock Market Today: TSMC Earnings Boost Chip Stocks
Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq ...
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Nasdaq to gain as chip stocks recover
A recovery in chip stocks soothed market nerves as results from Taiwan Semiconductor Manufacturing Co. spurred gains across ...
Chip stocks fall as ASML's weak outlook raises concerns of non-AI chip demand
AI chip giant Nvidia (NVDA.O), which had briefly surpassed Apple as the world's most valuable company the previous day, ...