TSMC Joins Trillion-Dollar Club on Optimism Over AI Demand
The main supplier of chips to Apple Inc. and Nvidia Corp. saw it shares climb to a record high on Friday, a near 50% rise from an April low. The company's market capitalization now rivals that of Berkshire Hathaway Inc., with further gains potentially putting it among the world's 10 biggest companies by value.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
18 minutes ago
- Bloomberg
Yen Carry Traders See Opportunity in Ishiba's Election Setback
By , David Finnerty, and Takahiko Hyuga Save The yen carry trade that crashed and burned last year may end up being one of the biggest beneficiaries of Japan's seismic election result. The popularity of the strategy, which involves borrowing the relatively low-yielding yen and investing in other currencies offering higher returns, is growing following the vote in which Prime Minister Shigeru Ishiba lost his upper-house majority, investors say.
Bloomberg
20 minutes ago
- Bloomberg
Asian Local-Currency Bond Sales Reach Record on Risks to Dollar
President Donald Trump's unpredictable policy moves are driving investor demand for Asian local-currency bonds, spurring fresh interest in the region. Companies and non-sovereign issuers in Asia Pacific have sold about $1.5 trillion in bonds so far in 2025 in the region's currencies, a 6% rise and a record for this period, according to data compiled by Bloomberg. Offerings in the three months from April to June were the highest for any quarter.
Yahoo
an hour ago
- Yahoo
Intel Stock Is in a ‘Catch-22' Scenario. How Should You Play INTC Here?
Intel Corp_ Santa Clara campus-by jejim via Shutterstock Intel (INTC) shares closed roughly flat on Tuesday after a senior Loop Capital analyst initiated coverage of the semiconductor giant with a 'Neutral' rating only. In his research note, Gary Mobley announced a $25 price target on INTC, indicating limited upside as 'the catch-22 situation for Intel is obvious.' More News from Barchart That said, Intel stock is currently up more than 30% versus its year-to-date low set in early April. Intel Stock is Grappling With an Internal Strategic Conflict Loop Capital assumed a dovish stance on INTC shares this morning primarily because the firm is stuck in an internal strategic conflict. According to the investment firm, Intel must tap on Taiwan Semi's (TSM) advanced manufacturing processes to design sophisticated chips that stand a chance against rivals like Nvidia (NVDA) and Advanced Micro Devices (AMD). However, the company's foundry business will take a meaningful hit if INTC chooses to outsource chip manufacturing. 'If Intel Foundry can't rely on volume from Intel Products, the company as a whole will struggle to cover fixed costs,' analyst Gary Mobley told clients in a report on Tuesday. Management Must Find a Workaround to Free INTC Shares Mobley recommends caution in buying Intel shares as the company's foundry business is actually a 'headwind' for its products segment. More importantly, the expert believes INTC is rather restricted in terms of 'options to detach, or de-consolidate Intel Foundry' as well. In his research note, he went on to confirm that Loop Capital will refrain from turning constructive on INTC stock unless the management finds a workaround to these competing operational mandates of the two core businesses. How Wall Street Recommends Playing Intel Corp in 2025 The aforementioned challenges are not at all lost on other Wall Street firms either. In fact, many have a price target on Intel stock that actually trails Loops Capital's. According to Barchart, the consensus rating on INTC shares sits at 'Hold' only with the average price target of about $22.68, indicating potential downside of more than 2% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
