Previous close | 1.7000 |
Open | 4.3500 |
Bid | 4.0500 |
Ask | 4.1500 |
Strike | 190.00 |
Expiry date | 2024-11-15 |
Day's range | 4.3500 - 4.3500 |
Contract range | N/A |
Volume | |
Open interest | 388 |
Taiwan Semiconductor (TSM) shares are rising after the company reported that its sales jumped nearly 60% year over year. Yahoo Finance's Dan Howley joins The Morning Brief to discuss the company's position in the AI chip race. The rising demand for chips built for artificial intelligence largely drove Taiwan Semiconductor's sales last quarter. The company also produces smartphone chips, but AI chips took the lead as demand slumped. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
As Big Tech companies reported earnings, they also revealed a massive wave of planned spending on AI projects and infrastructure. Some companies like Alphabet (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) have pulled ahead, while others, like Apple (AAPL), have faced mounting challenges. Wedbush Securities Managing Director Dan Ives joins The Morning Brief to discuss what he calls "the fourth industrial revolution" in AI and Apple's advances on the front. Ives states that Apple's annual Worldwide Developers Conference will be paramount for Apple: "I think it's probably the most important event for Apple that we've seen potentially in a decade because this is going to be [CEO Tim] Cook laying out the AI strategy on the services side for developers, what I believe is really the start of an AI app store in terms of how that's going to morph and then its proprietary AI technology in iPhone 16, which will launch in September." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
The Dow Jones cut its gains Friday after hot inflation data. Nvidia stock rallied on strong sales from TSMC on the stock market today.