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AI Boom Drives Record Quarterly SalesTSMC (NYSE:TSM) reported record second-quarter revenue on Monday as robust demand for artificial intelligence chips continued to fuel growth for the world’s largest contract semiconductor manufacturer. Revenue for the April-to-June period climbed 36% year-on-year to T$1.
SpaceX stock has given up most of its gains after just one month as a public company.
The market expects the fed funds rate to be higher before this year comes to a close.
Micron and Sandisk have climbed in the triple and quadruple digits, respectively, over the past year.
<body><p>STORY: TSMC reported record high second-quarter revenue on Monday. </p><p>The world’s largest contract chipmaker posted that Q2 revenue rose 36% from a year earlier on surging interest in AI applications. </p><p>Reuters calculated TSMC’s earnings came in at just over $39.6 billion - slightly above forecasts. </p><p>TSMC is a major supplier to companies including Nvidia and Apple. </p><p>For June alone, TSMC reported revenue rose almost 68% year-on-year to $13.8 billion - up 6% from the previous month.</p><p>TSMC, which is Asia's most valuable publicly listed company, didn't provide any details or forward guidance in its brief revenue statement.</p><p>It is scheduled to due to report second-quarter earnings on Thursday.</p><p>It's also due to update its outlook and plans for the current quarter and the rest of the year.</p><p>The company's shares have risen 57% so far this year, in line with the broader market.</p></body>
As data centers expand, so does Bloom. Does that make it a buy?
A little more transparency as to what was waiting right around the corner would have been nice.
SK Hynix dropped as investors looked to be taking some profit after a 500% gain in the past 12 months and a blockbuster U.S. listing.
↘️ SK Hynix (KR:000660, SKHY): The chipmaker’s Korean shares sank more than 15%, its biggest one-day drop on record, as investors cashed out after its ADRs’ Nasdaq debut on Friday sparked a price rally.
This consumer-facing company has increased its net sales annually for more than three decades.
Buffett originally bought shares of the health insurance giant last year.
SpaceX costs less than its opening price on its IPO day. Is it a bargain -- or could it go lower?
Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Monopoly Stocks to Buy According to Hedge Funds. On July 6, Bloomberg reported that Turing Inc. is being backed by AMD Ventures. Furthermore, it has started adopting Advanced Micro Devices, Inc. (NASDAQ:AMD)’s AI accelerators in its systems. To provide a brief background, AMD Ventures is the corporate venture […]
Two drugs now generate almost two-thirds of the pharmaceutical giant's revenue.
There are incredible bargains available among AI stocks right now.
The latest performance underscores steady demand for advanced chips.
Jerome Powell's successor vowed to get the Fed "out of the fiscal business" -- but that's not happened.
Nearly 5 extra percentage points a year, compounded over a decade, is a life-changing difference.
Nearly three-quarters of last quarter's earnings came from a one-time tariff refund. Strip it out, and the picture gets more interesting.
SpaceX, Alibaba's and Nvidia have been highlighted in this Investment Ideas article.
Taiwan, Nvidia and Apple have been highlighted in this Investment Ideas article.
Elon Musk's space transportation company has already lost $1 trillion of its peak value.
CoreWeave has been tanking, but Cathie Wood is buying.
SpaceX's stock price experienced a steep correction in recent weeks.
TSMC, the world's largest contract chipmaker, reported on Monday second-quarter revenue of 1.27 trillion Taiwan dollars ($39.63 billion), beating market expectations and rising 36% from a year earlier on surging interest in artificial intelligence applications. An LSEG SmartEstimate, drawn from 20 analysts, had expected revenue in the April-to-June quarter of 1.264 trillion Taiwan dollars. Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier to companies including Nvidia and Apple.
Investing in index funds is a good way to gain exposure to a broad range of stocks, but it's not without risk.
Don't give up on these stocks yet.
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