Apple, Nvidia Supplier TSMC Is Surging Higher In Wednesday's Premarket: Here's Why

Quick Summary:

The upside could be traced back to the industry-wide optimism generated by Advanced Micro Devices, Inc.’s (NASDAQ:AMD) quarterly results, which confirmed that the AI revolution is alive and kicking.

Shares of Apple, Nvidia supplier Taiwan Semiconductor Manufacturing Co.Ltd.(NYSE:TSM) are rising solidly higher in premarket trading on Wednesday.

Bargain hunters could trade on this catalyst after the tech space suffered a rout in recent weeks amid ...

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United StatesTaiwan

Topics: Artificial intelligence US8740391003 US0079031078 Tech Equities Benzinga Analyst Color Stories That Matter Movers Why it's moving Gene Munster Trading Ideas News AMD TSM

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 12:11:42 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 246 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21872599

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