Gene Munster Predicts 'Bull Market Driven By AI' Amid TSMC's Stellar Performance

Quick Summary:

On Friday, Gene Munster shared his insights on the ongoing AI market dynamics after key Nvidia supplier Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) reported impressive third-quarter performance.

What Happened: Munster took to X and emphasized the importance of focusing on the broader AI landscape rather than short-term fluctuations.

The prevailing theory suggested that a decline in demand for AI chip-making machines could indicate a slowdown in AI chip demand.

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Author / Journalist: Pooja Rajkumari

Category: Technology

Markets: United StatesTaiwan

Topics: Consumer Tech Tech Pooja Rajkumari US4642875235 Benzinga neuro US25459W4583 SPWO QQQ Benzinga General ASML Gene Munster US8740391003 TSM Artificial intelligence News SOXX USN070591862 US73935A1043 SOXL

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 13:21:49 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 23119797

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