After four days of US equity markets moving lower, this morning’s futures point higher, lifted by quarterly results from Taiwan Semiconductor (TSM) and others reporting early this morning. TSM delivered a beat and raise March quarter fueled by 26% YoY growth in smartphone and 18% YoY growth for its Higher Performance Computing business that contains both data center and AI. For the current quarter, TSM sees its consolidated revenue rising to $19.6-$20.4 billion compared to $18.87 in the March quarter and the market forecast of $19.44 billion.
TSM Earnings, Fed Speakers, Quarterly Results & Guidance
TSM Earnings, Fed Speakers, Quarterly Results…
TSM Earnings, Fed Speakers, Quarterly Results & Guidance
After four days of US equity markets moving lower, this morning’s futures point higher, lifted by quarterly results from Taiwan Semiconductor (TSM) and others reporting early this morning. TSM delivered a beat and raise March quarter fueled by 26% YoY growth in smartphone and 18% YoY growth for its Higher Performance Computing business that contains both data center and AI. For the current quarter, TSM sees its consolidated revenue rising to $19.6-$20.4 billion compared to $18.87 in the March quarter and the market forecast of $19.44 billion.