The raised guidance was largely driven by “extremely robust AI-related demand,” Wei said. The chip manufacturer expects AI revenue to more than triple in 2024. TSMC is one of three companies ...
Advt TSMC customer and AI chip frontrunner Nvidia rose almost 4% to a record high of $140.89, before paring gains to trade 2% higher in afternoon trade. Smaller rival AMD gained nearly 1% ...
The forecast from the leading producer of advanced AI chips reinforced investor confidence ... over the past two years due to a surge in chip spending by Big Tech. U.S. chip stocks rose before ...