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Market Chatter: TSMC Gets Ministry's Nod for Overseas Investments Worth $10.26 Billion
Taiwan Semiconductor Manufacturing or TSMC (TPE:2330) secured approval from Taiwan's Ministry of Economic Affairs for overseas investments worth roughly $10.26 billion, Focus Taiwan reported Thursday.
Rain AI poaches apple chip experts to accelerate the development of ai chips.
Rain AI has hired a chip executive from Apple to lead its hardware engineering, the second executive hired by the start-up this month as it attempts to design new semiconductors for AI.
Top Gap Ups and Downs on Thursday: MU, SONY, ZTS and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.
S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.
Tech Not 'A Bubble,' JPMorgan's Ward Says
JP Morgan Chief Markets Strategist EMEA Karen Ward says she believes in technology and artificial intelligence as "powerful" forces, but stressed the importance of "being careful about how you're actively managing some of that concentration risk." Speaking on Bloomberg Television she also says the tech industry is not in "a bubble."
Today's Analyst Rating | Microsoft Price Target Raised to $550 by Tigress Financial, Apple Price Target Raised to $260 by Melius Research
Jun 27, Wall Street analysts have updated their stock ratings today including $Microsoft(MSFT.US)$ and $Apple(AAPL.US)$.