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-0.0015861571737562 -0.0021629416005767 -0.00324921893775529 -0.00408555635664491 -0.00801730353280454 -0.0113001682287911 -0.00865176640230712 -0.0074453256428742
Stock impact report

Nvidia shares get boost from key supplier ahead of earnings [Yahoo! Finance]

Palantir Technologies Inc. Class A (PLTR) 
Company Research Source: Yahoo! Finance
Taiwan Semiconductor TSM , the world's biggest contract chipmaker, posted a bigger-than-expected 60% surge in April sales, which topped $7.3 billion, while declaring a quarterly dividend. The surprise April gains followed last month's muted first quarter earnings report from TSMC, which held its capital spending plans in place and trimmed its 2024 chip revenue forecast to just under 10% in U.S. dollar terms. Related: Single Best Trade: Wall Street veteran picks Palantir stock TSMC's spending plans form a key element for Nvidia's revenue potential as the market leader in so-called chip-on-wafer-on-substrate, often called CoWoS. The high-end packing technology enables better performance on a smaller form factor and is a crucial component in the rollout of artificial-intelligence-focused processors. TSMC has warned its clients that CoWoS demand has far outpaced supply and it expects that imbalance to continue well into next year. Bloomberg/Getty Images Another key Nvidia s Show less Read more
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