TSMC stock correction overdone amid reports of Nvidia delays- Citi
Investing.com-- A recent plunge in TSMC’s stock price, on reports of delays in Nvidia’s advanced artificial intelligence chips, was overdone, Citi analysts said in a note, and that the chipmaker’s outlook remained strong.) shares tumbled some 15% over the past month, and saw steep losses on Monday after media reports said Nvidia’s Blackwell AI chips will be delayed by three months or more due to design flaws.
TSMC had clocked stronger-than-expected earnings for the second quarter, and also presented a strong outlook for the year amid robust demand from AI.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia rebounds after TSMC says AI chip demand remains strongNvidia's rise came after TSMC said on Thursday that demand remains high and supply remains constrained for high-end AI chips.
Read more »
Nvidia, TSMC, Five Below, Spirit Airlines and Eli Lilly fall premarketNvidia, TSMC, Five Below, Spirit Airlines and Eli Lilly fall premarket
Read more »
Trump says Taiwan should pay for defence, sending TSMC stock downTrump says Taiwan should pay for defence, sending TSMC stock down
Read more »
TSMC set to report strong profit; stock pressured by Trump commentsTSMC set to report strong profit; stock pressured by Trump comments
Read more »
This China EV stock is 'an all-round market share gainer' says CitiThis China EV stock is 'an all-round market share gainer' says Citi
Read more »
Citi highlights 'a long-term buying opportunity' in this top chip stockCiti highlights 'a long-term buying opportunity' in this top chip stock
Read more »