TSMC Just Gave Investors Another Reason to Be Bullish on Nvidia [Yahoo! Finance]
Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm
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US:NYSE Investor Relations:
tsmc.com/english/investorrelations/index.htm
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Source: Yahoo! Finance
Its revenue rose 13% year over year to $18.9 billion and its earnings grew 5% to $1.38 per American depositary receipt (ADR). Both figures exceeded analysts' expectations. However, TSMC followed up its earnings beat with a cautious outlook for the industry. It reduced its full-year revenue forecast for the broader semiconductor market (excluding memory chips) from "more than 10%" growth to "approximately 10%" and cut its outlook for the foundry market from "approximately 20%" to "mid-to-high teens" growth. Those comments immediately caused many semiconductor stocks, including Nvidia (NASDAQ: NVDA) , to tumble. But if we dig a bit deeper, we'll see that TSMC's earnings report actually featured good news for Nvidia, so the AI chipmaker's recent pullback might represent a great buying opportunity for patient investors. Why is TSMC's report a green flag for Nvidia's future? TSMC reined in its expectations for the semiconductor sector, but it still reiterated its own revenue guidan
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News
- Intel Chip Fabrication Plant Selling $3.85 Billion of Bonds [Yahoo! Finance Canada]Yahoo! Finance Canada
- Intel Chip Fabrication Plant Selling $3.85 Billion of Bonds [Yahoo! Finance]Yahoo! Finance
- Intel Chip Fabrication Plant Selling $3.85 Billion of Bonds [BNN Bloomberg (Canada)]BNN Bloomberg
- Third Point - Taiwan Semiconductor: The 'Toll Road' For AI Compute [Seeking Alpha]Seeking Alpha
- AI boom still running hot as SK Hynix says its already sold majority of its 2025 allotment of high-bandwidth memory chips [Fortune]Fortune
TSM
Earnings
- 4/19/24 - Beat
TSM
Sec Filings
- 5/2/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/18/24 - Form 6-K
- TSM's page on the SEC website