The rumor mill is spinning overtime on struggling Intel (INTC) as the tech icon looks at ways to create shareholder value. Chip rivals Taiwan Semiconductor (TSM) and Broadcom (AVGO) are each eyeing deals with Intel that could break up the company, the Wall Street Journal reported over the weekend. Broadcom is reportedly looking to gain…
Nvidia stock rose on Monday amid mixed news from Taiwan Semiconductor. Nvidia will report its fourth quarter results on Feb. 26. The earnings report brings some risks with it. Add that to the fact that this is the first earnings season since 2022 that the Magnificent Seven companies have not reported a sales surprise. Source…
WASHINGTON (Reuters) -The Biden administration added more than a dozen Chinese entities to its restricted trade list on Wednesday, including a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence processor. Sophgo and other entities linked to it were among 14 China-based companies and two Singapore-based companies added to the U.S. Commerce…
Stocks ended the session little changed on Friday despite Broadcom’s (AVGO) jump to all-time highs driven by the chipmaker’s bullish AI-fueled sales forecast. The S&P 500 (^GSPC) closed flat while the tech-heavy Nasdaq Composite (^IXIC) gained 0.1%. The Dow Jones Industrial Average (^DJI) slipped 0.1% The S&P 500 and Dow posted weekly losses, with the…
We recently published a list of 15 Trending AI Stocks on Latest News and Analyst Ratings. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other trending AI stocks on latest news and analyst ratings. OpenAI, the AI startup of ChatGPT fame, recently urged…
HONG KONG (Reuters) – China’s Taiwan Affairs Office said on Wednesday that a U.S. order to Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to some Chinese customers – as reported by Reuters – proved that the United States was “playing the Taiwan card” to raise tensions in the Taiwan Straits. Zhu Fenglian,…
We recently published a list of 11 AI News and Ratings You Should Not Miss. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other AI news and ratings you should not miss. As tools like ChatGPT by OpenAI become more popular, a larger…
Taiwan Semiconductor Manufacturing Company (TSM, Financials) will stop producing advanced artificial intelligence chips for Chinese firms starting next week. The ruling is in line with American initiatives to curtail China’s scientific progress. Set to start on Monday, the suspension affects processors with process nodes of 7 nanometers or below. According to sources, future Chinese company…
Buy the dip. That was the mindset around chip stocks this week as investors scooped up beaten-down shares, sending Nvidia to a record high. A strong outlook for Taiwan Semiconductor (TSM) was enough to revive Wall Street’s enthusiasm for AI as growing confidence in the AI boom overshadowed chip supplier ASML’s sluggish forecast and reports…
STORY: The Dow registered its fourth record high in five days on Thursday, after stronger-than-expected monthly retail sales and a chip stock rally powered by Taiwan Semiconductor’s upbeat forecast. The Dow added more than a third of a percent, while the S&P 500 and Nasdaq ended essentially flat. Shares of Taiwan Semiconductor Manufacturing, the world’s…