TSM Aug 2024 135.000 put
- Yahoo Finance Video
Solar industry, AI chip stocks, Fed rate outlook: Market Domination
The final trading hour of the day is here, and it brought Julie Hyman and Josh Lipton to break down the biggest market (^DJI, ^IXIC, ^GSPC) stories and economic themes ahead of Thursday's closing bell. In today's episode of Market Domination, Wedbush senior equity analyst Dan Ives talks chipmaker earnings for this quarter as the AI chip trade recovers from yesterday's selloff. Former Federal Reserve Bank of Kansas City President Thomas Hoenig outlines the Fed's patience in waiting to cut interest rates, reminding officials of historical examples of what could happen if you cut rates too fast. Other top trending tickers on the Yahoo Finance platform include Abbott Laboratories (ABT) after reporting second quarter earnings, Meta Platforms (META) as it seeks to buy a stake in European sunglass maker EssilorLuxottica (EL.PA, ESLOY), Broadcom (AVGO), and Blackstone (BX) on its latest earnings print; Julie Hyman interviewed Blackstone President and COO Jonathan Gray this morning. This post was written by Luke Carberry Mogan.
- Reuters
TSMC shares fall sharply amid Nasdaq plunge, despite strong earnings
TAIPEI (Reuters) -Taipei-listed shares of TSMC ended 3.5% lower on Friday, dragged down by continuing geopolitical concerns and overnight losses on U.S. markets, despite the chipmaker posting strong earnings and giving an upbeat revenue outlook. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple and Nvidia supplier and Asia's most valuable listed company, has benefited from the global artificial intelligence boom that has helped it weather the tapering off of pandemic-led electronics demand. The chip industry bellwether on Thursday posted a second-quarter net profit that beat market expectations.
- Investor's Business Daily
Taiwan Semiconductor Tops Q2 Views Amid Robust AI Chip Demand
Taiwan Semiconductor Manufacturing beat estimates for the second quarter and guided above views for the current period.
