Previous close | 32.95 |
Open | 35.40 |
Bid | 34.00 |
Ask | 34.95 |
Strike | 135.00 |
Expiry date | 2024-10-18 |
Day's range | 35.40 - 35.55 |
Contract range | N/A |
Volume | |
Open interest | 506 |
Taiwan Semiconductor (TSM) reported a 30% sales jump in May as the demand for AI continues to surge. Yahoo Finance's Seana Smith and Brad Smith report more on the chip company's latest earnings and how they stack up to other big players in the AI game. 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
Taiwan Semiconductor Manufacturing reported better-than-expected sales in May thanks to artificial intelligence chips and a recovery in PC demand.
Taiwan Semiconductor Manufacturing Co (NYSE:TSMC) saw a 30% increase in May sales, reaching $229.6 billion New Taiwan dollars ($7.1 billion), due to high demand for AI and recovering consumer electronics. As the world’s largest contract chipmaker, TSMC produces semiconductors for Nvidia Corp (NASDAQ:NVDA), which supplies companies like Microsoft Corp (NASDAQ:MSFT) and OpenAI, Bloomberg reports. Additionally, global smartphone sales rebounded in early 2023, boosting mobile chip orders. Also Read: