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Index futures point to a slightly higher opening for the market on Tuesday after the long Memorial Day weekend.
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) benefits from Asia’s skilled engineers and disciplined work culture, which are essential for advanced semiconductor production, said Konrad Young, a leading figure in Taiwan’s chip industry, the Nikkei Asia reports. Young emphasized that human expertise is crucial for developing a nation’s semiconductor supply chain due to the precision and knowledge required in over 1,500 manufacturing steps. Also Read: Taiwan Semi Set to Build $11B Chip Plant in
Advanced Micro Devices, Inc (NASDAQ:AMD) claims it holds a 33% share in the server CPU market as it prepares to launch its next-gen “Turin” processors and unveils a GPU roadmap following the MI300 product line, the Register reports. During the JP Morgan Global Technology, Media, and Communications conference, Jean Hu, AMD’s CFO, highlighted the company’s growth in servers, CPUs, and GPUs. The stock is trading higher on Tuesday. She noted AMD’s partnerships, such as with Microsoft Corp (NASDAQ:MS
Seasoned Wall Street investor Ed Yardeni, founder and CEO of Yardeni Research, has boldly rebranded the Magnificent Seven giants as the “Magnificent One,” referring only to Nvidia Corp. (NASDAQ:NVDA) as the key driver of this year’s market gains. Yardeni noted that the semiconductor giant has rallied by 115% year-to-date, more than three times as much as Meta Platforms Inc. (NASDAQ:META) – the top performer among the “Magnificent Six” – and more than 10 times as much as the broader S&P 500 index
At 12:00 p.m. EDT, Nvidia Corp. stock was at $1,125.88, higher 5.73 per cent.