‘TSMC to give chip and AI-related stocks another leg up’
TSMC’s stellar Q2 revenues are likely to give chip and AI-related stocks another boost, says Tematica CIO Chris Versace, and potentially lead to further upgrades for the chip industry.
Versace also discusses Samsung’s big bet on ‘foldables’ with IG’s Angeling Ong, and why US Federal Reserve (Fed) Chair Jerome Powell has to balance inflation with jobs growth.
(AI Video Summary)
Taiwan Semiconductor's surge in Q2 revenue
In this exclusive IG interview, Angeline Ong and Tematica CIO, Chris Versace, discuss the notable surge in Taiwan Semiconductor Manufacturing Company's (TSMC) quarter 2 (Q2) revenue, driven substantially by artificial intelligence (AI) demand. This sector-wide uptrend is likely to elevate financial forecasts for key industry players such as NVIDIA and Apple. Samsung's upcoming launch hints at innovations in foldable smartphones.
Inflation and GDP forecasts
Meanwhile, financial markets anticipate further growth, with a cautious eye on inflation data and gross domestic product (GDP) forecasts, suggesting potential for overbought conditions and economic slowdown concerns.
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