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US semiconductor index jumps as TSMC signals strong AI chip demand

An index of semiconductor stocks was up more than 2% on Thursday and chip stocks were helping the broader market after Taiwan Semiconductor Manufacturing cited strong demand for high-end chips used in artificial intelligence (AI). U.S.-listed shares of the world's largest contract semiconductor maker, which also forecast more than 20% growth in 2024 revenue, were last up 7.2%, the biggest percentage gainer for the day on the semiconductor index. The semiconductor index rose 65% in 2023 an...
New York United States Caroline Valetkevitch Tim Ghriskey Ingalls Snyder Lance Tupper
Source: yahoo.com

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Salesforce shares jump as strong cloud demand drives stellar results

Salesforce Inc's stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter results underpinned by strong demand for its services. Salesforce's revenue of $8.72 billion and adjusted profit of $2.11 per share beat Wall Street expectations, the company reported after the closing bell on Wednesday. It also forecast fourth quarter revenue to reach between $9.18 billion and $9.23 billion, and adjusted p...
New York United States Lance Tupper Chibuike Oguh Brad Sills Nick Zieminski
Source: yahoo.com

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