FMP

FMP

Enter

Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) rose more than 3% on Wednesday following the company's announcement of increased second-quarter sales, d

TSMC Shares Rise 3% on Strong Q2 Sales Driven by AI Boom

- (Last modified: Jul 11, 2024 2:55 AM)

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Shares of Taiwan Semiconductor Manufacturing (NYSE:TSM) rose more than 3% on Wednesday following the company's announcement of increased second-quarter sales, driven by the ongoing AI boom and global investment in data centers.

TSMC, the sole supplier of Nvidia's and Apple's most advanced chips, reported June revenue of NT$207.9 billion. This contributed to a 40% growth in the June quarter, surpassing the average projection of a 35.5% increase.

The surge in orders for AI chips has helped mitigate weak smartphone sales, which are starting to recover. TSMC and other AI-related stocks have significantly boosted Taiwan's Taiex Index by more than 40% over the past year, despite ongoing US-China geopolitical tensions.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep