TSM Dec 2024 220.000 call

TSMC stock rises on increased annual revenue growth forecast

Shares of Taiwan Semiconductor Manufacturing Company (TSM) are rising on Thursday morning after the company forecasted a 10% revenue growth in the global semiconductor industry for the year. The company also estimated sales in its current second quarter could rise as much as 30% due to demand for semiconductors used in AI. Yahoo Finance anchors Brad Smith and Seana Smith break down the latest developments for Taiwan Semiconductor and what it could mean for the company moving forward. 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