Chip Stocks Rise After Report of TSMC Interest in JV to Run Intel Factories
Shares of chip makers rose after a report indicating Taiwan Semiconductor Manufacturing had proposed a joint venture to operate Intel's factories. TSMC offered the idea to run the operations of Intel's foundry division to Nvidia,
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Super Micro Computer shares led the S&P 500 higher Tuesday as artificial intelligence stocks enjoyed a strong session.
It's a solid stock to ride the growing demand for advanced processing technologies. Strong demand for AI chip technologies lifted TSMC's revenue 37% year-over-year in the fourth quarter.
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AI-driven chipmaker Nvidia (NVDA) stock is surging this week as investors and top analysts bet on potential big announcements ...
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