Today's Analyst Rating | Apple Price Target Raised to $215 by CCORF, Microsoft Price Target Raised to $550 by Tigress Financial
Jul 12, Wall Street analysts have updated their stock ratings today including $Apple(AAPL.US)$ and $Microsoft(MSFT.US)$.
TSMC's 2Q Results May Fuel Its US$420 Bil Rally as AI Demand Soars
(July 12): Taiwan Semiconductor Manufacturing Co’s (TSMC) US$420 billion (RM1.97 trillion) equity rally this year will get a valuation test next week when it reports earnings, with analysts expecting the chipmaker to raise full-year sales forecasts.
TSMC Could Raise Full-Year Guidance on Strong Order Visibility
0400 GMT - TSMC could raise its full-year revenue growth guidance to the high 20% range on strong order visibility, Citi analyst Laura Chen says in a note. The Taiwanese chip maker's better
Taiwan Semiconductor (TSM.US) drives the AI wave, breaking a market cap of 420 billion US dollars! The Q2 profit storm will lead to a new market value leap.
The market widely expects that the upcoming quarterly earnings report of Taiwan Semiconductor will be very strong, which may further consolidate and expand its market cap leap.
Express News | Shares of Semiconductor Stocks Are Trading Lower Amid Ongoing Market Volatility as the Market Pulls Back Following Recent CPI Data
Who will be the next member of the "Trillion Dollar Club"? Analysts believe that Eli Lilly and Co and Tesla have the greatest hopes.
Jim Cramer, head of CNBC's Investing Club, said today that in addition to seven companies such as Microsoft, Apple, and Nvidia, Tesla and pharmaceutical company Eli Lilly may soon join the "Trillion-Dollar Market Cap" club. Currently, only seven technology companies, including Apple, Microsoft, Nvidia, Saudi Aramco, Alphabet, Amazon, and Meta, have market caps exceeding 1 trillion US dollars. Taiwan Semiconductor's market cap also surged past 1 trillion US dollars this week. Among them, the market caps of three companies, Apple, Microsoft, and Nvidia, have all exceeded 1 trillion US dollars.
Goldman Sachs pours cold water again: AI expenses already account for 25% of S&P 500's total expenses, and the valuation is at risk if they don't make money soon.
The rapidly growing US technology stocks have raised concerns among Wall Street analysts. More and more people are questioning whether too much investment has been put into the AI industry with little return.
Today's Analyst Rating | Apple Price Target Raised to $215 by CCORF, Microsoft Price Target Raised to $480 by Raymond James
Jul 11, Wall Street analysts have updated their stock ratings today including $Apple(AAPL.US)$ and $Microsoft(MSFT.US)$.
SA Subscribers Pitch Stocks That Could Potentially Replace Tesla in Magnificent 7
A majority of the Seeking Alpha community doesn’t think Tesla (NASDAQ:TSLA) should be dropped from the Magnificent 7, according to the latest SA Sentiment Survey, even though the EV maker is seen as the least attractive stock in the list.
Asian Tech, Chipmaking Stocks Rise as TSMC Spurs AI Cheer
Technology stocks in Asia rose on Thursday, with chipmakers in the lead as strong monthly revenue figures from TSMC drummed up optimism over artificial intelligence-driven demand.
Market Chatter: SK Hynix, TSMC, Nvidia Join Forces at Chip Industry Exhibition in Taiwan
SK Hynix (KRX:000660), Taiwan Semiconductor Manufacturing Company (TSMC), and Nvidia will boost their partnership at the semiconductor industry exhibition in Taiwan, or the Semicon Taiwan, amid the increasing competition in the AI semiconductor space, Pulse News reported Wednesday.
Taiwan Semiconductor (TSM.US) is surging! The AI boom is helping it dominate the market cap in Asia, and its stock price has hit a new high in Taiwan.
According to the news from the WiseMoney APP, on Thursday, driven by the unexpectedly high second-quarter sales, Taiwan Semiconductor (TSM.US) stock listed on the Taiwan Stock Exchange hit a historic new high of 1080 New Taiwan dollars, driving the company's market cap to 28 trillion New Taiwan dollars (approximately $861 billion), making it the highest-valued listed company in Asia.
TSMC's Revenue Surges 33% in June; Shares Rise 3%
Taiwan Semiconductor Manufacturing or TSMC's (TPE:2330) consolidated net revenue soared 32.9% to NT$207.87 billion in June, from NT$156.40 billion a year earlier, according to a Wednesday company release.
"Sister Wooden"'s latest interview: The AI boom has just begun, and Tesla is expected to account for half of the autonomous driving revenue.
Ark Investment Management founder, Cathie Wood, said in an interview on Wednesday that while tech stocks have already pushed U.S. stocks to historic highs this year, stocks related to artificial intelligence (AI) still have a lot of room to rise. Wood is known for her outspoken endorsement of disruptive innovation technology and companies with promising investments in this area. She said that although the concentration of the U.S. stock market is the highest since the 1930s, the current price multiples are reasonable because "investors are seeing significant unexpected growth related to AI." Wood's main funds no longer hold shares in large technology companies such as Nvidia, Microsoft, and Taiwan Semiconductor.
Overnight news: European and American stocks close higher, Tesla raises prices of some autos in certain European countries, non-performing asset investors target USA commercial real estate.
For more global financial news, please visit 24-hour real-time financial news market closing: Powell said no need to wait for inflation to fall to 2% to start cutting interest rates, S&P index broke through 5,600 points. On July 10, Tesla had an 11-day consecutive increase, and Morgan Stanley maintained a buy rating. Popular China concept stocks rose and fell on Wednesday. TSMC rose 3.5%, Xiaopeng rose 7.5%, and Netease fell 3.7%. US WTI crude oil closed higher on Wednesday, breaking $82 per barrel. European stocks closed generally higher, with the Euro Stoxx 50 index rising 1.1%. Macro-wise, Fed Chairman Powell told the Senate that it is possible to "start relaxing".
Heard on the Street Recap: More Chipping In -- WSJ
By Heard Editors Consumers may be tightening their belts, but the companies buying "picks and shovels" for artificial intelligence don't seem to be. Those two dynamics played out strongly in
Seven Sessions and Five All-Time Highs in a Row | Wall Street Today
US stocks advanced for the seventh session on Wednesday, lifting the
10 Information Technology Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
What's Going On With Nvidia, AMD Stocks On Wednesday?
Artificial intelligence chip stocks led by Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) are trading higher Wednesday after leading contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM) reported June revenue growth of 33% year-on-year.
Stocks to Watch Wednesday: Intuit, TSM, Warner Bros., Honeywell -- WSJ
By Anna Hirtenstein Warner Bros. Discovery (WBD): CNN said it would cut about 100 jobs and launch a digital subscription product this year. Shares of Warner Bros., CNN's parent company, fell 2% in