(Reuters) – US chip stocks rose before the bell on Thursday after industry bellwether TSMC’s (TSM, 2330.TW) strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its expectation for annual revenue growth and said sales from AI chips…
Techs led US stock futures higher on Thursday as TSMC’s (TSM) upbeat outlook eased worries about AI chip demand, with the next batch of earnings and retail sales data on deck. Contracts on the tech-heavy Nasdaq 100 (NQ=F) rose 0.8%, while S&P 500 futures (ES=F) added 0.4%. Dow Jones Industrial Average futures (YM=F) held near…
By Max A. Cherney and Stephen Nellis (Reuters) – Computer chip equipment maker ASML’s deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on…
Computer chip equipment maker ASML’s deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on ASML’s pricey tools during the pandemic and have become…
By Max A. Cherney and Stephen Nellis (Reuters) – Computer chip equipment maker ASML’s deep cuts to its 2025 sales forecast sparked a sell-off in chip stocks on Tuesday over worries that global chip demand may be faltering. The weaker outlook could, instead, reflect some overcapacity at chip factories that had already stocked up on…
Consulting group Bain & Company recently published a sweeping report on the state of technology, which included the prediction of a possible chip shortage in the coming years. This shortage could come as demand for semiconductors needed for the current artificial intelligence (AI) infrastructure buildout continues to surge, combined with the potential of a smartphone…
Artificial intelligence (AI) has been the driving force behind the current bull market. Big tech companies like Nvidia have pushed the S&P 500 to new all-time highs in 2024. However, the AI boom might still be in the early stages. The market for AI hardware and software could grow 40% to 55% per year over…
China is aggressively advancing its artificial intelligence (AI) research and production, aiming to achieve greater autonomy in the China-U.S. tech competition through local AI chip design. This ambition makes Chinese AI chip firms prime targets for U.S. technology sanctions. However, China faces a significant challenge: its leading wafer manufacturer, Semiconductor Manufacturing International Corporation (SMIC), can…
The chip giant Intel could be at a crossroads as it figures out its next steps amid its declining valuation and struggling business. Chip and wireless communications competitor Qualcomm approached Intel about a takeover deal, the Wall Street Journal reported Friday. And on Monday, Intel CEO Pat Gelsinger sent out an email announcing “the next…