TSMC shares hit record high after Morgan Stanley lifts client Nvidia's price target on AI chip demand
Publishing timestamp: 2024-02-15 01:03:27
Summary
TSMC's shares reached an all-time high after Morgan Stanley increased its price target on Nvidia, citing continued surge in AI demand. TSMC is the world's largest producer of advanced processors and manufactures chips for companies like Nvidia and Apple. Nvidia is benefiting from the AI boom, particularly with the launch of OpenAI's ChatGPT. TSMC is currently manufacturing 3-nanometer chips and plans to start 2-nanometer mass production in 2025.
Sentiment: POSITIVE
Keywords: business news, apple inc, taiwan semiconductor manufacturing co ltd, technology, breaking news: technology, asia economy, nvidia corp,