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Short-dated Treasury yields rose and a gauge of global equities seesawed near two-year highs on Tuesday after strong U.S. labor market data again underscored a resilient economy and questioned how...
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 S&P 500 (.SPX), opens new tab was up 0.3%.
Taiwan Semiconductor Manufacturing: "With basic semiconductors - that's a supply and demand business... but I think you're going to continue to hear chatter about AI, and it will translate into huge revenue growth for a lot of these companies," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
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 and hit an all-time intraday high on Dec. 28 of 4,233.73, boosting the overall market amid optimism ov...
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...