In 2024, the company, also known as TSMC, gained 90% -- essentially doubling the company's market cap from roughly $500 billion to more than $1 trillion today. Indeed, this is a steep increase in valuation in just 12 months, but what if I told you the stock is still a bargain?
One customer for their AI chips, Haitu Technology, described Sophgo as Bitmain’s “recommended distributor” in a filing to Chinese securities regulators in late 2022. Bitmain itself does not sell its AI processors to small and medium-sized companies, Haitu said.
TSMC, which makes chips for Nvidia, reported net income of $11.6 billion. Its CFO said this was supported by "strong demand" for its advanced chips.
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
Taiwan Semiconductor Manufacturing reported strong Q4 earnings, driven by surging demand for AI-optimized chips, signaling robust AI spending into 2025. Read more here.
TSMC’s strong Q4 earnings and AI-driven growth indicate promising potential. Find out why TSM stock offers a compelling buy despite geopolitical risks.
Artificial intelligence (AI) is expected to impact the global economy in a big way in the long run, with market research firm IDC estimating that every dollar spent on AI-related business solutions and services will generate $4.
Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to limit the export of advanced chips used for AI. Nvidia, Micron and TSMC ...
Chips that are powerful enough to run AI servers are in high demand, helping propel Taiwan Semiconductor Manufacturing’s stellar financial results. Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) are up in premarket trading Thursday after the company announced its Q4 2024 earnings results.
If growth at a reasonable price is the goal, the world’s largest contract chip manufacturer fits the bill. Strong demand for artificial intelligence chips has delivered a stellar quarter for Taiwan Semiconductor Manufacturing Co.
The world’s largest contract chip maker reported another record quarter as it continued to ride the AI wave while navigating the U.S.-China chip rivalry.
U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. rose in premarket trading Thursday after the world's largest contract chip manufacturer posted better-than-expected fourth-quarter profit and a bullish outlook for artificial intelligence demand.