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TSMC (TSM) closed at $434.67, up 1.02%, outperforming the S&P 500. The chip company is forecasted to report EPS of $4.45 (up 52.4% YoY) and revenue of $45.54 billion (up 37.59% YoY). TSMC holds a Zacks Rank #2 (Buy) with a Forward P/E of 26, in line with industry averages. The Semiconductor - Circuit Foundry industry ranks in the top 5% of sectors.
Bank of America sees the semiconductor market reaching $3.2T by 2030. Here’s how AI, memory and chip-equipment ETFs could benefit.
GlobalFoundries has signed a multi-year agreement with Marvell Technology to expand silicon germanium (SiGe) production capacity at its Burlington, Vermont facility. The expansion will support next-generation optical transceivers and networking solutions for AI and cloud data centers. GFS shares have outperformed the industry over the past year, though the company faces competition from UMC and TSMC in the optical connectivity market.
VanEck’s Nick Frasse breaks down AI bottlenecks, 'token factories', and why MU, SK Hynix, ASML, and TSMC control the data center buildout.