Taiwan Semiconductor Manufacturing Company's blowout third quarter earnings and optimism over AI demand boosted chip stocks Thursday.
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. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
We recently compiled a list of the Jim Cramer’s Best Performers List: 12 Stocks Cramer is Talking About. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against the other best performers on Jim Cramer’s list. On a recent episode of Mad Money, Jim Cramer took a moment to […]