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U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications.Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised its expecta

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US chip stocks rally as TSMC's AI-backed outlook impresses investors

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(Reuters) –     U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC’s strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its expectation for annual revenue growth and said sales from AI chips would account for mid-teen percentage of its full-year revenue. Th…

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U.S. chip stocks rally as TSMC’s AI-backed outlook impresses investors

U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications.
Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, raised…

BizToc

U.S. chip stocks rally as TSMC's AI-backed outlook impresses investors

(Reuters) – U.S. chip stocks rose before the bell on Thursday after strong sales forecast from TSMC (TSM, 2330.TW) fueled investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its forecast for annual revenue growth and said sales of AI chips would account for a mid-teens percentage of annual revenue. The forecast from…

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Chip stocks soar as TSMC's AI-powered prospects impress investors - THE BHARAT EXPRESS NEWS

The post US chip stocks rally buoyed by TSMC’s strong sales forecast appeared on BitcoinEthereumNews.com. On October 17, an increasing trend was seen in US chip stocks. This happened after TSMC released a sales forecast which gained investors’ attention about the demand for processors. These in-demand processors are used to power AI applications. TSMC is the largest chipmaker contractor around the globe. Recently it shared a positive outlook on …

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US chip stocks rally buoyed by TSMC’s strong sales forecast

Shares of US chipmakers surged before Thursday’s market open, driven by a positive sales forecast from Taiwan Semiconductor Manufacturing Co. (TSMC).  The world’s largest contract chipmaker raised its annual revenue growth expectations and highlighted that AI chips will contribute a significant portion of its full-year revenue, sparking fresh investor confidence in the sector. TSMC boosts revenue outlook TSMC, a key supplier to Nvidia and Apple,…

Invezz

US chip stocks rise as TSMC’s strong AI chip forecast boosts investor optimism

U.S. stock index futures advanced on Thursday, with an upbeat forecast from Taiwan Semiconductor Manufacturing (NYSE: TSM) boosting semiconductor stocks.

abbonews.com

US Stock Futures Rise as TSMC Forecast Lifts Chip Stocks; Economic Data in Focus

(Reuters) – US chip stocks rose before the bell on Thursday after industry bellwether TSMC’s (TSM, 2330.TW) strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, raised its expectation for annual revenue growth and said sales from AI chips would account for mid-teen percentage of its full-year re…

overpassesforamerica.com

Chip stocks rally as TSMC's AI-backed outlook impresses investors - Overpasses For America

US chip stocks rally as TSMC's AI-backed outlook impresses investors

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