Tag Archives: Artificial Intelligence

Nvidia’s Revenue Forecast Disappoints Investors and Impacts Tech Markets

Nvidia’s Revenue Forecast Disappoints Investors and Impacts Tech Markets: Nvidia, the leading AI chip manufacturer,
announced its revenue forecast for the third quarter of this year, which is estimated at $32.5 billion.
Although this figure exceeded analysts’ average estimates, it fell short of some more optimistic projections that reached $37.9 billion.
This news raised concerns about the company’s rapid growth, leading to a decline in tech stocks in global markets.

 

Content
Nvidia’s Forecast

Artificial Intelligence

AI Spending

Decline in Tech Stocks

Global Stock Markets

Asian Markets

Investment in Technology

 

 

 

Nvidia’s Revenue Forecast and Its Impact on the Market

Nvidia announced that its third-quarter revenue would reach $32.5 billion,
exceeding the average analyst expectation of $31.9 billion but falling short of some more optimistic forecasts of $37.9 billion.
Despite surpassing second-quarter sales expectations,
these numbers raised investor concerns that the company’s rapid growth might face a slowdown in the future.

 

Impact on the AI Boom and Market Value

Nvidia is one of the primary beneficiaries of the race to develop data centers and enhance AI applications,
which has contributed to its rise as the second-largest company in the world in terms of market value.
However, the company’s stock dropped after the revenue forecast announcement,
reflecting investor disappointment from those who had expected better performance,
especially given the stock’s value has been more than doubled since the beginning of the year.

 

AI Spending and Nvidia’s Dependence on Major Clients

The revenue forecast came after several quarters in which Nvidia’s results exceeded Wall Street expectations.
Still, much of this growth relied on a limited number of major clients, such as Google and Meta.
With these companies pouring billions into AI infrastructure,
concerns remain that the scale of these investments could surpass current needs, potentially leading to an economic bubble.

 

Decline in Tech Stocks After the Results Announcement

Major tech stocks declined in late trading after the market closed,
with investors disappointed by Nvidia’s results.
The Nasdaq 100 index fell by 0.5%, while Nvidia’s stock dropped by 3%.
This was influenced by revenue forecasts that fell short of some investors’ hopes for continued earnings growth.

 

 

 

 

 

Impact of the Forecast on Global Stock Markets

Nvidia’s forecast triggered a fresh wave of market volatility,
the S&P 500 index declined by 0.6%, and the Nasdaq 100 fell by 1.2%.
The volatility index (VIX) also rose to around 17 points,
reflecting the prevailing anxiety among investors about the future of tech stocks,
particularly amid macroeconomic data and semiconductor export controls that could heighten these fluctuations.

 

Impact of Nvidia’s Forecast on Asian Markets

Nvidia’s announcement also impacted Asian markets,
with significant chip manufacturers like Taiwan Semiconductor and SK Hynix seeing declines.
This led to a 0.5% drop in the MSCI Asia-Pacific Index.
These decreases highlight that Nvidia’s performance has a global effect,
influencing investor confidence across the tech sector.

 

The Future of Investment in Technology and Artificial Intelligence  

Despite current challenges and volatility,
optimism remains strong about the future of AI and its role in driving growth and innovation.
Analysts believe that investment in this field will continue to thrive,
with the need to manage risk exposure carefully to ensure gains without falling into the trap of unsustainable inflation. 

 

Nvidia’s Revenue Forecast Disappoints Investors and Impacts Tech Markets

Potential Collaboration between Meta and  Apple in AI

Potential Collaboration between Meta and  Apple in AI: Meta, the parent company of Facebook,
is in talks with Apple to explore the possibilities of integrating their artificial intelligence models,
aiming to enhance the capabilities of Apple’s AI system. 


Content

Collaboration Talks

Expanding Partnerships

Reactions and Developments

Launching Apple Intelligence

Conclusion

 

 

 

 

Collaboration Talks

According to reports from the Wall Street Journal,
Meta has been discussing with Apple the integration of its generative AI model into Apple’s AI system for the iPhone.
Apple, which has developed smaller AI models, seeks to leverage partnerships to perform more complex and precise tasks.

 

Expanding Partnerships

In addition to Meta, companies Anthropic and Perplexity are also discussing integrating their technologies into the Apple Intelligence system with Apple.
This move indicates Apple’s desire to expand its collaboration with AI developers to enhance its technological functions.

 

Reactions and Developments

Apple did not respond to Bloomberg’s requests for comments outside regular business hours,
and Meta refrained from commenting on the talks.
These developments suggest early steps toward cooperation that could reshape the technological capabilities of both giants.

 

 

 

 

Launching Apple Intelligence

In an effort to bolster its presence in artificial intelligence,
Apple launched the Apple Intelligence service on June 10 during the Worldwide Developers Conference.
This new service is designed to enhance text summarization,
create original images, and retrieve the most relevant data for users when needed.

 

Conclusion

As the focus on artificial intelligence increases,
partnerships between major technology companies emerge as a strategic step to stay at the forefront of innovation.
The talks between Meta and Apple could open new horizons for developing technologies that change how we interact with smart devices.

 

Potential Collaboration between Meta and  Apple in AI

AI Brings TSMC’s Market Value Closer to $1 Trillion

 AI Brings TSMC’s Market Value Closer to $1 Trillion: Optimistic voices about Taiwan Semiconductor Manufacturing Company (TSMC)
are growing increasingly louder amid a series
of stock price increases that bring its market value close to the $1 trillion mark.

 

Contents

Performance of Taiwan Semiconductor Manufacturing Company

The Role of AI Technology in TSMC’s Growth

Wall Street Evaluations

 Attractive Risk Reward

 

 

Performance of Taiwan Semiconductor Manufacturing Company

Last week, Taiwan Semiconductor Manufacturing Company (TSMC) surpassed Berkshire Hathaway Inc.
To become the eighth-largest company in the world by market value,
based on the company’s American Depositary Receipts (ADRs).
This year, a 73% increase in ADRs has driven TSMC’s market value to $932 billion, nearing the $1 trillion mark.

 

The Role of AI Technology in TSMC’s Growth

The leading chip manufacturing company has emerged as a major beneficiary of the expanding adoption of artificial intelligence.
Its advanced technology and reasonable valuation make it a favorite among global investors.
Additionally, the company has thrived as the primary supplier of advanced chips to Nvidia,
which recently became the world’s most valuable company.

 

Wall Street Evaluations

Wall Street investment banks raised their price targets for TSMC this week;
increased demand linked to artificial intelligence and potential price hikes in 2025 could boost profits.
JPMorgan Chase increased its revenue estimates from AI for the company to 35% of total sales by 2028,
while Citigroup raised its price target by 12% based on stronger profit expectations.
Goldman Sachs Group noted that chip manufacturing prices for the three and five-nanometer
nodes are increasing by “less than five percentage points” and raised its 12-month price target by 19% to NT$1,160.

 

Attractive Risk Reward

Goldman analysts, including Bruce Lo, wrote in a note on Tuesday:
“We now see a more attractive risk-reward for TSMC amid growing positive sentiment around AI.
With the ongoing spread of AI, we see TSMC as one of the main beneficiaries of this trend.”

 

AI Brings TSMC’s Market Value Closer to $1 Trillion.

Apple Reclaims Its Throne: Stock Surge Propels It Back to Global Leadership

Apple Reclaims Its Throne: Stock Surge Propels It Back to Global Leadership: Apple’s stock value has surged significantly over the past few days,
reclaiming its title as the highest-valued company from Microsoft.
This rise reflects improved investor sentiment regarding Apple’s growth and its position in artificial intelligence.

 

Content

Apple Stock Performance

The AI Race
Recent Performance of Apple Stock

 Apple’s AI Capabilities

 Impact of Recent Positives

 

 

 

Apple Stock Performance

Apple’s stock recorded an 11% increase over three sessions, adding $323.9 billion to its market value.
This surge has been the strongest since August 2020 and has led to the company closing
with a market capitalization of $3.285 trillion, compared to Microsoft’s $3.282 trillion.
This achievement marks the first time since January that Apple has closed with a higher market value than Microsoft,
representing the latest shift among the largest stocks on Wall Street.
Earlier this week, Apple was third behind Nvidia.

 

The AI Race

Rees Williams, Chief Strategist at Wayve Capital Management,
highlighted a strong conviction that both Apple and Microsoft will be winners in artificial intelligence.
He noted that this market could generate substantial profits for the victors,
predicting that Apple and Microsoft will compete significantly soon, with Nvidia also entering.

 

Recent Performance of Apple Stock

Apple’s stock rose by 0.6% on Thursday, continuing its upward trend for the third consecutive session.
On Tuesday, it recorded the largest one-day increase since November 2022.
This 11% rise over three sessions boosted the company’s market value by $323.9 billion,
which is larger than all but a few components of the S&P 500 index. On the other hand, Microsoft’s stock increased by 0.1% on Thursday.

 

 

 

 

Apple’s AI Capabilities

The catalyst for Apple’s stock rise was a presentation at the Worldwide Developers Conference on Monday,
which focused on artificial intelligence.
This presentation raised hopes that customers would pay for the next generation of iPhones,
potentially spurring the long-awaited growth revival.
Apple’s revenue declined by 4.3% in the second fiscal quarter, marking the fifth decline in the past six quarters.

Wamsi Mohan, an analyst at Bank of America, wrote that AI capabilities will likely drive a multi-year upgrade cycle of faster replacements,
more switching, and higher average selling prices.
He suggested that Apple Intelligence could lead to a major upgrade cycle, noting that consensus estimates are very low.

 

Impact of Recent Positives

The AI event followed a positive quarterly report in early May
when Apple also announced a $110 billion share buyback plan,
the largest repurchase program in U.S. history. Despite recent strength,
growth concerns have limited Apple’s gains compared to other major tech companies.
Thursday’s stock rise pushed Apple’s year-to-date gains to 11%, which is less than the Nasdaq 100 index’s 16% gain.
Stocks with greater AI capabilities, including Microsoft, Amazon, Alphabet, and Meta,
have all outperformed Apple this year, while Nvidia’s stock has soared more than 160%.

 

Apple Reclaims Its Throne: Stock Surge Propels It Back to Global Leadership

Apple Launches Long-Awaited AI Tools and Partners with OpenAI

Apple Launches Long-Awaited AI Tools and Partners with OpenAI: Apple announced long-awaited AI features,
including tools supported by OpenAI’s ChatGPT.
These announcements came during the company’s annual Worldwide Developers Conference,
where Apple promised to deliver customized, secure, and deeply integrated technology in its device programs.

Contents

Market Reaction

Operating System Updates

Partnership with OpenAI

Data Security

Operating Systems

Glasses and AirPods

Pressure on Tim Cook

 

 

 

Market Reaction

The market reaction to the event was lukewarm, as stock prices dropped by approximately 2% at 2:52 PM New York time.

 

Operating System Updates

At the conference, Senior Vice President Craig Federighi revealed new versions of the operating systems for iPhone, iPad, and Mac.
He announced that iOS 18 will allow users to customize and secure their apps, including a feature to lock apps.
Email and messaging applications also received new features.

 

Partnership with OpenAI

The partnership with OpenAI will allow Apple customers to access ChatGPT through the Siri digital assistant at no additional cost.
Federighi confirmed that the new features will be available
beta testing later this year, with some capabilities arriving in 2025.

 

Data Security

Apple focused on ensuring customer data security, with Federighi announcing a “Private Cloud Compute” system
that helps keep user information secure when sent to data centers.

 

Operating Systems

Apple showcased updated versions of all its operating systems,
with a focus on AI details that investors and users anticipated the most.

 

Glasses and AirPods

Apple announced “VisionOS 2,” the latest version of the Vision Pro glasses operating system.
The system allows users to convert regular photos into 3D images and update the interface with new gestures.
The company also revealed plans to launch the glasses globally.
Additionally, a new update for AirPods will improve voice clarity during phone calls by reducing background noise.

 

Pressure on Tim Cook

Tim Cook, Apple’s CEO, is under pressure to demonstrate that the company can lead in AI innovation again,
especially with declining revenues in five of the past six quarters.
Apple faces intense competition from companies like Google, Microsoft, and Meta Platforms.

 

Apple Launches Long-Awaited AI Tools and Partners with OpenAI

AI Drives Nvidia to a Market Value of $3 Trillion

AI Drives Nvidia to a Market Value of $3 Trillion: In a remarkable development,
Nvidia has achieved a significant milestone thanks to the increasing momentum in the field of artificial intelligence,
reaching a market value of $3 trillion.
The share price of the AI chip company surged by more than 5% during Wednesday’s session.
Nvidia Corporation was already the world’s most valuable semiconductor company,
and now it has become the first chip company to reach a market value of $3 trillion.

 

Content

Nvidia’s Rising Shares

Market Value History

Future of AI

Company Development

Competition with Major Companies

 

 

 

Nvidia’s Rising Shares

The company’s shares, headquartered in Santa Clara, California,
This year has risen by nearly 147%, adding approximately $1.8 trillion
to its market value due to the massive demand and hunger for the chips it produces and uses to power AI tasks.
Nvidia’s shares jumped by as much as 5.1% during Wednesday’s trading session,
briefly pushing the company’s market value to $3 trillion, surpassing Apple.

 

Market Value History

Nvidia’s market value surpassed Apple’s in 2002, five years before the launch of the first iPhone.
Both companies were valued at less than $10 billion each at that time.
The chip company has shown no signs of slowing down or allowing its competitors to catch up;
CEO Jensen Huang announced that it plans to develop AI accelerators yearly.

 

Future of AI

In a speech to attendees at National Taiwan University,
Huang said that the emergence of generative AI represents a new industrial revolution.
Nvidia expects to play a major role as these technologies transition to personal computers.
Angelo Zino, senior equity analyst at CFRA Research, stated: “We see this radical change very early on.”

 

 

 

Company Development

After the CEO’s keynote speech, Zino said he likes “seeing the development” and
foresees “greater momentum in demand for GPUs/CPUs as well as networking,
which will lead to an upside in consensus estimates.”
Nvidia has arguably been the biggest beneficiary of the massive AI spending spree,
supporting its race to become the world’s most valuable company.

 

Competition with Major Companies

While Nvidia still lags behind Microsoft in market value,
it could take the top spot if there is any decline in the shares of the current market leader on Wall Street.
Therefore, it might just be a matter of time before it claims the title.
Apple has faced pressure on its shares this year due to concerns about slowing iPhone demand in China and a fine from the European Union.
However, the outlook has become more positive now as investor sentiment towards the iPhone maker slowly improves.

 

AI Drives Nvidia to a Market Value of $3 Trillion.

Siri and AI Renewal

Siri and AI Renewal: Apple is seeking to renew its virtual assistant Siri by equipping it with a range of advanced AI features,
allowing users to control individual app functions with their voice, according to people familiar with the matter.
According to those who requested anonymity because the initiative is not public,
the new system will allow Siri to control all app features for the first time.
They indicated that this change requires updating Siri’s core system using large language models
a key technology behind generative AI tools—and will be one of the highlights of Apple’s renewed push towards adopting AI tools.

 

Content

Intensifying Talks with OpenAI
 New AI Features
Integrating AI into Siri
 Apple’s Response to Decline
 AI Strategy
Future Plans
Protecting Privacy and Data
Reviving Siri and New Features

 

 

 

 

Intensifying Talks with OpenAI

Apple is intensifying its talks with OpenAI to integrate AI into the iPhone.
This update is just one part of the company’s larger AI strategy, which will be unveiled during the Worldwide Developers Conference on June 10.
Apple is preparing several features, including transcribing and summarizing voice memos,
quick summaries for websites and notifications, automated message responses, advanced photo editing, and AI-generated emojis.

 

New AI Features

In the beta version, the devices will process more basic AI tasks, while cloud computing will handle the more advanced capabilities.
The company has also made a deal with OpenAI to integrate the startup’s chatbot and other technologies into iOS,
and it is still in talks with Alphabet, Google’s parent company, about using its Gemini program in the future.


Integrating AI into Siri

Siri will be a major focus at the Worldwide Developers Conference.
The new system will allow the assistant to control and navigate the iPhone or iPad more accurately.
This includes the ability to open individual documents, move a note to another folder, send an email,
delete it, open a specific post in Apple News, send a web link via email, or even ask the device for a summary of a particular article.

 

Apple’s Response to Decline

A representative for Apple, headquartered in Cupertino, California, declined to comment.
Apple is launching a new AI-enhanced iPad Pro to revive its declining sales.
Siri mostly handles broader commands like playing music playlists, searching for information, or controlling smart home devices.

 

 

 

AI Strategy

The new system will go further by using AI to analyze what people do on their devices and enable features controlled by Siri automatically.
This will be limited to Apple’s apps, as the company plans to support hundreds of commands.

 

Future Plans

The new Siri system will initially handle one command at a time,
but Apple plans to allow users to give a set of commands together.
For example, they could ask Siri to summarize a recorded meeting and then send it to a colleague in one request.
Or, theoretically, they could ask the iPhone to crop a photo and then email it to a friend.

 

Protecting Privacy and Data

This has raised some privacy concerns. Although on-device tasks will not share personal information,
the cloud-based approach will require transferring some user data to remote servers.
Bloomberg reported earlier this month that this information will be protected through
what’s called the Secure Enclave in Apple’s advanced Mac chips that power data centers.

Apple will try to reassure customers that their data is safe by creating an “intelligence report” explaining how information is secured.
The iPhone manufacturer will not build customer profiles, something Google and Meta Platforms have been criticized for doing.

 

Reviving Siri and New Features

With the upgrade of the Siri system, Apple aims to revive a leading product that has fallen behind competitors’ services.
Apple first launched Siri in 2011, giving it an edge in voice and AI interfaces.
However, Apple quickly lost this lead to Amazon’s Alexa and Google Assistant.
Two years ago, it stumbled again with the emergence of generative AI chatbots.

Apple is now betting that the new AI features for iPhones, iPads, and Macs,
along with Siri improvements, will encourage users to update their devices.
Many AI capabilities will require the iPhone 15 Pro or something newer.
Meanwhile, Macs and iPads will need at least the M1 chip.

 

Siri and AI Renewal

Elon Musk Helps Nvidia’s Stock Continue Its Upward Trend

Elon Musk Helps Nvidia’s Stock Continue Its Upward Trend: Recently, Nvidia’s stock has been on a remarkable upward trajectory,
buoyed by developments in the artificial intelligence sector and the strategic moves of tech visionary Elon Musk.
As Musk accelerates his efforts to challenge OpenAI through his AI startup xAI, investor enthusiasm has soared,
driving Nvidia’s market value to unprecedented heights.
This article delves into the factors behind Nvidia’s sustained stock surge,
Musk’s initiatives’ significant impact and broader implications for the AI and semiconductor markets.

 

Topics
Continuous Rise in Nvidia’s Stock

Investments by Musk’s Startup

Impact of the Earnings Report

Record High Stock Prices

Analysts’ Predictions

Market Volatility

 

 

 

Continuous Rise in Nvidia’s Stock

Nvidia’s stock has risen for the third consecutive day, fueled by Elon Musk’s AI frenzy as he accelerates his challenge to OpenAI.
This has expanded the upward trend following the earnings announcement, pushing the company’s market value by about $470 billion.

 

Investments by Musk’s Startup

Nvidia’s stock increased on Tuesday after Musk’s AI startup, xAI, raised about $6 billion from investors.
Reports indicate that Musk aims to link groups of Nvidia’s H100 GPUs to build a supercomputer.

 

Impact of the Earnings Report

Nvidia’s continuous three-day rise reached 20% after its earnings report impressed investors.
The chipmaker announced last week that its second-quarter revenues would be around $28 billion,
surpassing analysts’ expectations and signaling to traders that the wild rise in AI computing-related stocks hasn’t slowed down yet.

 

 

 

Record High Stock Prices

The company’s stock, with a market value of about $2.8 trillion,
rose by approximately 7.1% on Tuesday, closing at a record high.

 

Analysts’ Predictions

CJ Muse, an analyst at Cantor Fitzgerald, mentioned in an interview that the news
of Musk’s startup provides “more confidence” that spending on AI chips will hold up.
He added that Nvidia’s earnings report “defused any notion of a pocket of air” in the demand for the company’s chips in 2024.

 

Market Volatility

The company has experienced fluctuations exceeding $100 billion this year.
Tuesday’s rise was at least the seventh this year and the eighth for the stock overall.

 

 

Elon Musk Helps Nvidia’s Stock Continue Its Upward Trend

Emphasis on Artificial Intelligence Declines in Corporate Earnings Reports

Emphasis on Artificial Intelligence Declines in Corporate Earnings Reports:
Discussion of “artificial intelligence”—a term central to rapid and significant gains in technology stocks—has diminished,
raising questions about the true benefits of this technology that investors may have already factored in.

 

Content:

Decline in Mentioning Artificial Intelligence

The Impact of Artificial Intelligence on Productivity

Adoption of Technological Advancements

Impact of Artificial Intelligence on Stocks

The Upcoming Crucial Evaluation of Artificial Intelligence’s Role

 

 

 

Decline in Mentioning Artificial Intelligence

This term’s mentions have sharply decreased in the most recent earnings season compared to the previous four seasons,
according to a Bloomberg analysis of earnings call transcripts from the S&P 500, Nasdaq 100, and Stoxx Europe 600 companies.
Over 80% of these companies have reported their results so far.

This decrease in usage might indicate that companies have become more conservative,

while some analysts believe that expectations for a comprehensive productivity explosion due to artificial intelligence are premature.

AI-related stocks have continued to lead the rise in U.S. stock markets this year,
but this earnings season has shown that convincing investors has become more challenging.

 

The Impact of Artificial Intelligence on Productivity

Bhanu Baweja, chief analyst at UBS, said,

“I have not yet seen the great productivity miracle that artificial intelligence could bring.
When I ask analysts outside the technology sector whether AI has significantly changed their cost or revenue projections,
many deny it, indicating that developments are evolutionary, not revolutionary.”

Bank of America analysts, led by Sebastian Raedler, are also skeptical.

At the beginning of the season, they noted that significant productivity gains expected from AI
were already priced into U.S. stock prices, with the equity risk premium
additional returns expected by investors over risk-free assets like U.S. Treasuries—at a twenty-year low.

 

 

 

Adoption of Technological Advancements

Raedler wrote, “The market has decided to interpret this as a structural improvement, not a cyclical recovery.
The widespread adoption of technological advances and their economic benefits takes time,
and thus, expecting to see the benefits of this technology just two years after AI
entered public consciousness might be overly hasty.”

The main question remains: Has the market reached the beginning of a productivity boom led by artificial intelligence

that could further reduce the equity risk premium, similar to the dot-com boom that enhanced U.S. productivity in 1999-2000?

 

Impact of Artificial Intelligence on Stocks

Nevertheless, artificial intelligence has had a significant impact on the stock market,
with a Goldman Sachs basket of AI-beneficiary stocks rising 22% this year,
both the Nasdaq 100 and the Philadelphia Semiconductor SOX Index.

However, investors have also experienced moments of anxiety.
Meta Platforms triggered a $400 billion sell-off in technology stocks after failing
to convince the market of its ability to monetize AI effectively,
reminding investors of the high costs associated with entering this field for many large-cap tech companies.

Similarly, shares of chip designer Arm Holdings dropped after announcing modest revenue forecasts for the fiscal year,
raising concerns about a slowdown in AI spending.

 

The Upcoming Crucial Evaluation of Artificial Intelligence’s Role

The upcoming earnings report from Nvidia, scheduled for May 22, will be a significant test.
As a leading symbol of the AI hype, expectations for Nvidia are high and increasing.
The stock has surged over 80% this year, and with no sell ratings and 61 buy-equivalents,
analysts predict a further 12% increase in the average price target.

 

Emphasis on Artificial Intelligence Declines in Corporate Earnings

TSMC sales experience a 60% increase

TSMC sales experience a 60% increase: The world’s largest chip manufacturer significantly exceeds revenue growth expectations
due to the high and increasing demand for artificial intelligence chips,
which coincides with the recovery of the consumer electronics sector.

 

Content:

TSMC’s share reaches its highest levels

The highest rise ever

 

 

 

TSMC’s share reaches its highest levels

Sales for Taiwan Semiconductor Manufacturing, abbreviated as “TSMC,” jumped 60% in April to NT$236 billion (US$7.3 billion),
driven by ongoing demand for artificial intelligence technologies as the consumer electronics sector begins to recover.

The world’s leading chip manufacturer greatly exceeded expectations this quarter, with sales increasing by 34.3% in March,
thanks to the high demand for artificial intelligence chips.
At the same time, the global smartphone industry saw growth in the first three months of the year,
including the highly competitive Chinese market,
which spurred demand for the traditional mobile chips produced by the Taiwanese company.

“TSMC,” based in Hsinchu, managed to overcome a weak demand for personal electronic devices last year,
which helped increase the acceptance of artificial intelligence chips produced by “Nvidia.”
Now, support for artificial intelligence coincides with growing consumer demand expectations,
despite TSMC’s CEO, C.C. Wei, warning about the pace of any recovery.

 

 

 

 

The highest rise ever

The company’s share price rose to its highest level ever in April,
as the chip manufacturer occupies a unique position to benefit from the rise of artificial intelligence technologies,
especially as it is the sole manufacturer of Nvidia’s highly advanced training chips.
In addition, TSMC manufactures semiconductors for “Apple,”
which recently announced a new range of “iPad” devices
and “Advanced Micro Devices, ” Nvidia’s main artificial intelligence chip race competitor.

“TSMC” announced on Friday that the company’s board of directors
approved a cash dividend distribution of four Taiwanese dollars per share.

 

TSMC sales experience a 60% increase