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Tag: Nvidia

Chip stocks rally as TSMC forecasts strong AI demand for “many years.”

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Chip stocks rally as TSMC forecasts strong AI demand for “many years.”

Optimism about AI demand in Taiwan Semiconductor Manufacturing Company's (TSM) stunning third-quarter earnings boosted chip stocks on Thursday. TSMC reported quarterly profit of 325.3 billion new Taiwan dollars ($10.1 billion), up 54% from a year earlier, beating Wall Street forecasts. The company also raised its full-year sales forecast: Sales rose 29% in 2024 compared to […]

TSMC becomes a $1 trillion company thanks to “insane” AI demand

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TSMC becomes a trillion company thanks to “insane” AI demand

Topline Chip stocks rallied on Thursday as American AI star Nvidia's Taiwanese manufacturing partner reported stunning profits, giving the Asian company a trillion-dollar valuation, as the generative AI boom continues to set new records on Wall Street. The lobby of the TSMC facility in Phoenix last year. The Washington Post via Getty Images Important facts […]

Nvidia shares lose $175 billion on selloff in chip stocks, behind worst day in six weeks

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Nvidia shares lose 5 billion on selloff in chip stocks, behind worst day in six weeks

Topline Fresh off a record closing high, Nvidia shares plunged Tuesday amid a slump in the semiconductor chip stock with an unusual stimulus: a less-than-stellar earnings release from a Dutch company that was accidentally released earlier than expected. Nvidia shares had problems on Tuesday. Getty Images Important facts Nvidia shares fell 4.5% in Tuesday trading, […]

Nvidia shares are heading for a record high and appear to be displacing Apple as the world's most valuable company

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Nvidia shares are heading for a record high and appear to be displacing Apple as the world's most valuable company

Nvidia stock (NVDA) is on track to hit a record high as investors continue to bet on the artificial intelligence boom and the chipmaker fights for the top spot as Wall Street's most valuable company. Shares rose over 3% to over $138 in morning trading on Monday. Nvidia already reached a record closing price of […]

Nvidia shares accelerate share record as company moves closer to Apple

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Nvidia shares accelerate share record as company moves closer to Apple

Topline Shares of Nvidia rose more than 3% on Monday morning, sending the chipmaker's stock to a record closing price as it nears an intraday high as the company is once again on the cusp of becoming the world's most valuable company, ahead of Apple. The chipmaker's CEO recently claimed that demand for the company's […]

Nvidia is driving strong Blackwell demand towards another inventory record

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Nvidia is driving strong Blackwell demand towards another inventory record

(Bloomberg) – Nvidia Corp. shares are rebounding after the company successfully allayed investor concerns about product delays and its long-term growth prospects. Most read by Bloomberg The stock is up 13% so far this month, on track for its first record close since June, although it remains below an intraday peak. It is the second-best […]

AMD unveils new AI server chips at an event in San Francisco

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AMD unveils new AI server chips at an event in San Francisco

By Max A. Cherney SAN FRANCISCO (Reuters) – Advanced Micro Devices said it plans to begin mass production of a new version of its artificial intelligence chip called MI325X in the fourth quarter of the year, strengthening its AI chips in a market dominated by Nvidia. The announcements, made Thursday at an AMD event in […]