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TSMC leads chip stocks higher after earnings beat

DeFi Daily News by DeFi Daily News
October 17, 2024
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Taiwan Semiconductor Manufacturing Company (TSM) shares jump after the company reported better-than-expected quarterly earnings and lifted its sales outlook on artificial intelligence (AI) demand. The results eased some concerns about a slowdown in AI-related growth, driving names like Nvidia (NVDA), Super Micro Computer (SMCI), Micron (MU), and other semiconductor stocks higher. Morning Brief Hosts Seana Smith and Brad Smith take a closer look at TSMC’s results and moves in the chip sector.
#youtube #news #stocks

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Tags: BeatBondsbusinessChipCurrenciesEarningsEquitiesFXhigherInvestingInvestmentLeadsMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsSavingsStock marketstocksTSMCYahoo FinanceYahoo FInance Premium
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