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The Philly Fed Manufacturing Activity Index hiked to a two-year high in April, whereas the market focused on the latest economic data and the direction of interest rate cuts. The three major U.S. stock indexes trended lower after opening higher on Thursday. The DJIA once shot up more than 300 pts, and then evaporated the gains t...
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Macquarie issued a report on TSMC. It opined that the Taiwan chip company's long-term competitiveness lies in its ability to co-develop with pioneering customers, such as Nvidia (NVDA.US) and Apple (AAPL.US), which provides the group with future scalability. TSMC's demand visibility was estimated to be higher than expect...
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Tesla, Inc. (TSLA.US) received a target price cut from Deutsche Bank AG, a broker, on growing concerns over its autonomous car products amid pressure on profits. Tesla, Inc. last sagged 3.5%.The delay in the development of Model 2 creates the risk of no new vehicle launch in Tesla in the short term, which will put downward press...
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The Taiwan earthquake on 3 April is expected to cause a loss of TWD3 billion (US$92.44 million) to TSMC (TSM.US) in 2Q24, with gross profit margin falling 50 bps, according to the document submitted by TSMC.There were no power outages or structural damage to TSMC's chip plants at the time, and none of its critical equipment ...
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In a research report issued by BofA Securities, TSMC (TSM.US) was cited to have reported solid 1Q EPS of NT$8.7, in line, as well as 2Q positive guidance. The company's 2Q revenue and GPM guidance came in ahead, given the strong performance of N3/N5 and the rapid recovery of production after the earthquake.Considering the st...
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