La vendita allo scoperto per Taiwan Semiconductor dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Taiwan Semiconductor. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Taiwan Semiconductor (NYSE:TSM) Azioni, Report sulle vendite allo scoperto

Taiwan Semiconductor

Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.

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Taiwan Semiconductor segna una crescita record grazie alla domanda di chip AI e iPhone, con prospettive brillanti per il futuro.

Rally di Taiwan Semiconductor: i dati segnalano un futuro brillante

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Taiwan Semiconductor raggiunge performance di produzione negli USA pari a quelle di Taiwan, spingendo le azioni al rialzo.

Taiwan Semiconductor: rendimenti USA alla pari con Taiwan

Taiwan Semiconductor Manufacturing Company Ltd.

Taiwan Semiconductor Manufacturing Co Ltd

Tesmec SpA

Thrivent ETF Trust Thrivent Small-Mid Cap ESG ETF

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AS TALLINNA SADAM by AS Tallinna Sadam

TAIWAN SEMICNDCTR MFG by Taiwan Semiconductor Manufacturing Co. Ltd.

Tidal Trust II YieldMax TSM Option Income Strategy ETF

TAIWAN SEMICONDUCTOR MNFTG ADR 5 ORD

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has multiple reasons to celebrate; the latest is China&#8217;s comment on its technology moat.
National Science and Technology Council (NSTC) Minister Wu Cheng-wen said China lags behind Taiwan Semiconductor&#8217;s advanced technology semiconductor manufacturing by at least a decade, the Taipei Times <a target="_blank" href="https://www.taipeitimes.com/News/taiwan/archives/2024/10/01/2003824622" rel="noreferrer noopener">cites</a> from a Legislative Yuan Education and Culture Committee meeting Monday.
Cheng-wen credited the Taiwanese contract chipmaker&#8217;s lead to its progress to 2 nanometers.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41049260/synopsys-partners-with-taiwan-semi-to-power-next-gen-ai-chip-innovations" rel="noreferrer noopener">Synopsys Partners With Taiwan Semi To Power Next-Gen AI Chip Innovations</a>
Prior reports indicated Taiwan&#8217;s three-year lead over China in chip manufacturing. Taiwan Semiconductor plans to commercialize 2-nm chips by 2025.
Chinese tech industry barometer Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has maintained Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) lead over domestic technology and <a target="_blank" href="https://www.benzinga.com/news/24/09/41089672/whats-going-on-with-alibaba-stock-on-monday" rel="noreferrer noopener">recently collaborated with</a> the U.S. chip designer.
<a target="_blank" href="https://www.benzinga.com/government/24/09/41093269/whats-going-on-with-chip-stocks-like-nvidia-taiwan-semi-and-amd-on-monday" rel="noreferrer noopener">Recent reports indicated</a> that China urged its firms to tap domestic artificial intelligence (AI) chips from companies like&nbsp;Cambricon Technologies Corp and&nbsp;Huawei Technologies Co instead of Nvidia. China&#8217;s move marks retaliation against the U.S.&#8217;s advanced semiconductor embargo on the Asian counterpart, citing national security concerns.
Meanwhile, Taiwan Semiconductor continues to score wins as a critical supplier to Nvidia and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). Hyperscalars from Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) remain invested in <a href="https://www.benzinga.com/news/earnings/24/09/41046485/whats-going-on-with-nvidia-braodcom-intel-and-other-chip-stocks-on-thursday" target="_blank" rel="noreferrer noopener">their AI ambitions</a>, signaling higher demand for Nvidia chips. The smartphone industry is also likely to recover, further helped by the integration of AI features.
<h2 class="wp-block-heading">Will Taiwan Semiconductor Stock Go Up?</h2>
When trying to assess whether or not Taiwan Semiconductor will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $234.0 on Taiwan Semiconductor. The Street high target is currently at $250.0 and the Street low target is $210.0. Of all the analysts covering Taiwan Semiconductor, 5 have positive ratings, no one has neutral ratings and no one has negative ratings.
In the last month, no analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/TSM/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Taiwan Semiconductor have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Taiwan Semiconductor is 71.05% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Taiwan Semiconductor, visit <a href="https://www.benzinga.com/quote/TSM">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
Price Action: TSM stock is up 0.93% at $175.28 premarket at last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41008834/ansys-taiwan-semiconductor-microsoft-team-up-to-supercharge-next-gen-chip-simulations" target="_blank" rel="noreferrer noopener">ANSYS, Taiwan Semiconductor, Microsoft Team Up To Supercharge Next-Gen Chip Simulations</a></li>
</ul>
Photo by Sundry Photography on Shutterstock

BABA

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Taiwan Semiconductor's 2-Nm Breakthrough Puts Taiwan a Decade Ahead of China's Semiconductor Industry: Report

Hurricane Helene landed in the southeastern United States on Thursday, causing deadly floods and <a href="https://www.benzinga.com/markets/equities/24/09/41096388/hurricane-helene-102-dead-2-million-without-power-after-storm-destruction-in-6-states">billions of dollars worth of damage</a>. The storm, which hit North Carolina particularly hard, also has the potential to disrupt the $500 billion semiconductor industry, which could cause inflation to spike higher. What Does Helene Have To Do With Semiconductors? Spruce Pine, a mining town in North Carolina, has some of the purest quartz on Earth, according to the <a href="https://www.theverge.com/2024/9/30/24258333/hurricane-helene-quartz-chip-mining-north-carolina-spruce-pine">Verge.</a> The town&#8217;s quartz is essential for semiconductor manufacturers, as it's used to produce silicon wafers, a critical component for semiconductors and chips. Footage shared to social media sites like X <a href="https://x.com/kelciecrousee/status/1840060554188116042">shows</a> roads completely underwater in areas surrounding Spruce Pine, although the exact damage done to the town's mining operations is unclear. A spokesperson from The Quartz Corp, one of the town's mining companies, told the Verge that it's too early to comment on the storm's impact on the company's operations. Read Also: <a href="https://www.benzinga.com/24/09/41082266/hurricane-helene-devastates-southeastern-u-s-slamming-infrastructure-and-leaving-millions-powerless">Hurricane Helene Devastates Southeastern U.S., Slamming Infrastructure And Leaving Millions Powerless </a><a href="https://www.benzinga.com/24/09/41082266/hurricane-helene-devastates-southeastern-u-s-slamming-infrastructure-and-leaving-millions-powerless"> </a>So, this wouldn't be the first time a natural disaster has impacted Spruce Pine's mining operations. In 2008, a fire impeded the miner's ability to produce the town's high-purity quartz, sending "shivers" through the industry, according to <a href="https://www.wired.com/story/book-excerpt-science-of-ultra-pure-silicon/">Wired</a>. But today, 16 years after the fire, semiconductors are much more pertinent to the global economy, with everything from cars to smartphones requiring advanced chips. The Context: When the COVID-19 pandemic disrupted the global semiconductor supply chain, it impeded the production flow of goods like cars and appliances, sending prices higher as supply was constrained. And while the Federal Reserve and other central banks have made progress in their <a href="https://www.benzinga.com/topic/inflation">fights against inflation</a>, supply chain issues like a hurricane disrupting semiconductor production could cause inflation to rise again. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Pictures and video courtesy of Richard Crouse and the Let&#39;s talk Spruce Pine FB group. The rural area of the mountains has been absolutely decimated by Hurricane Helene. People are stranded. This is a dire situation. <a href="https://twitter.com/WRAL?ref_src=twsrc%5Etfw">@WRAL</a> <a href="https://twitter.com/ABC11_WTVD?ref_src=twsrc%5Etfw">@ABC11_WTVD</a> <a href="https://twitter.com/WLOS_13?ref_src=twsrc%5Etfw">@WLOS_13</a> <a href="https://t.co/FeqG2jbK89">pic.twitter.com/FeqG2jbK89</a>
&mdash; kelciecrouse (@kelciecrousee) <a href="https://twitter.com/kelciecrousee/status/1840060554188116042?ref_src=twsrc%5Etfw">September 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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In addition to the town's mining companies, semiconductor manufacturing companies that are reliant on Spruce Pine's raw materials could be impacted by the flooding. These companies include Tawain Semiconductor Mfg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), Applied Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), and more. In addition to the disruptions potentially caused by Hurricane Helene, ongoing labor disputes with dockworkers could also impact the global supply chain and increase the prices of goods. Keep Reading:
<ul>
<li> <a href="https://www.benzinga.com/markets/equities/24/09/41097541/amazon-apple-tesla-brace-for-supply-chain-disruptions-as-potential-east-coast-dockworkers-strike">Amazon, Apple, Tesla Brace For Supply Chain Disruptions As Potential East Coast Dockworkers Strike Nears</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

AMAT

ASML

How Hurricane Helene Could Disrupt Global Semiconductor Supply Chain, And Potentially Drive Inflation Higher

WIIM

INTC

NXPI

Shares of semiconductor stocks are trading lower amid a possible pullback. The sector recently surged on strong earnings from Micron.

In today's rapidly changing and fiercely competitive business landscape, it is essential for investors and industry enthusiasts to thoroughly analyze companies. In this article, we will conduct a comprehensive industry comparison, evaluating Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) against its key competitors in the Semiconductors &amp; Semiconductor Equipment industry. By examining key financial metrics, market position, and growth prospects, we aim to provide valuable insights for investors and shed light on company's performance within the industry.
<h3>Taiwan Semiconductor Background</h3>
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
<table>
<thead>
<tr>
<th>Company</th>
<th>P/E</th>
<th>P/B</th>
<th>P/S</th>
<th>ROE</th>
<th>EBITDA (in billions)</th>
<th>Gross Profit (in billions)</th>
<th>Revenue Growth</th>
</tr>
</thead>
<tbody>
<tr>
<td>Taiwan Semiconductor Manufacturing Co Ltd</td>
<td>31.45</td>
<td>7.77</td>
<td>12.08</td>
<td>6.67%</td>
<td>$474.12</td>
<td>$358.12</td>
<td>40.07%</td>
</tr>
<tr>
<td>NVIDIA Corp</td>
<td>56.92</td>
<td>51.21</td>
<td>31.39</td>
<td>30.94%</td>
<td>$19.71</td>
<td>$22.57</td>
<td>122.4%</td>
</tr>
<tr>
<td>Broadcom Inc</td>
<td>139.49</td>
<td>12.29</td>
<td>17.10</td>
<td>-2.77%</td>
<td>$6.39</td>
<td>$8.36</td>
<td>47.27%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc</td>
<td>195.65</td>
<td>4.70</td>
<td>11.57</td>
<td>0.47%</td>
<td>$1.12</td>
<td>$2.86</td>
<td>8.88%</td>
</tr>
<tr>
<td>Texas Instruments Inc</td>
<td>36.25</td>
<td>11.09</td>
<td>11.92</td>
<td>6.59%</td>
<td>$1.76</td>
<td>$2.21</td>
<td>-15.65%</td>
</tr>
<tr>
<td>Qualcomm Inc</td>
<td>21.76</td>
<td>7.68</td>
<td>5.14</td>
<td>8.67%</td>
<td>$2.87</td>
<td>$5.22</td>
<td>11.15%</td>
</tr>
<tr>
<td>ARM Holdings PLC</td>
<td>359.83</td>
<td>26.94</td>
<td>43.63</td>
<td>4.07%</td>
<td>$0.23</td>
<td>$0.91</td>
<td>39.11%</td>
</tr>
<tr>
<td>Micron Technology Inc</td>
<td>153.57</td>
<td>2.64</td>
<td>4.79</td>
<td>1.99%</td>
<td>$3.63</td>
<td>$2.74</td>
<td>13.79%</td>
</tr>
<tr>
<td>Analog Devices Inc</td>
<td>69.89</td>
<td>3.27</td>
<td>11.94</td>
<td>1.11%</td>
<td>$1.04</td>
<td>$1.31</td>
<td>-24.84%</td>
</tr>
<tr>
<td>Intel Corp</td>
<td>99.62</td>
<td>0.89</td>
<td>1.85</td>
<td>-1.46%</td>
<td>$0.86</td>
<td>$4.55</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Monolithic Power Systems Inc</td>
<td>110.12</td>
<td>20.54</td>
<td>23.87</td>
<td>4.66%</td>
<td>$0.13</td>
<td>$0.28</td>
<td>15.03%</td>
</tr>
<tr>
<td>Microchip Technology Inc</td>
<td>32.11</td>
<td>6.75</td>
<td>6.68</td>
<td>1.98%</td>
<td>$0.41</td>
<td>$0.74</td>
<td>-45.76%</td>
</tr>
<tr>
<td>ON Semiconductor Corp</td>
<td>16.95</td>
<td>3.82</td>
<td>4.20</td>
<td>4.11%</td>
<td>$0.58</td>
<td>$0.78</td>
<td>-17.15%</td>
</tr>
<tr>
<td>First Solar Inc</td>
<td>22.83</td>
<td>3.77</td>
<td>7.30</td>
<td>4.94%</td>
<td>$0.48</td>
<td>$0.5</td>
<td>24.65%</td>
</tr>
<tr>
<td>STMicroelectronics NV</td>
<td>7.99</td>
<td>1.54</td>
<td>1.86</td>
<td>3.51%</td>
<td>$1.31</td>
<td>$1.15</td>
<td>-25.29%</td>
</tr>
<tr>
<td>GLOBALFOUNDRIES Inc</td>
<td>28.05</td>
<td>2.01</td>
<td>3.31</td>
<td>1.38%</td>
<td>$0.56</td>
<td>$0.4</td>
<td>-11.54%</td>
</tr>
<tr>
<td>ASE Technology Holding Co Ltd</td>
<td>20.35</td>
<td>2.32</td>
<td>1.21</td>
<td>2.62%</td>
<td>$26.08</td>
<td>$23.07</td>
<td>2.91%</td>
</tr>
<tr>
<td>United Microelectronics Corp</td>
<td>13.20</td>
<td>1.96</td>
<td>3.09</td>
<td>3.76%</td>
<td>$27.9</td>
<td>$19.98</td>
<td>0.89%</td>
</tr>
<tr>
<td>Skyworks Solutions Inc</td>
<td>20.42</td>
<td>2.49</td>
<td>3.65</td>
<td>1.9%</td>
<td>$0.25</td>
<td>$0.36</td>
<td>-15.47%</td>
</tr>
<tr>
<td>Universal Display Corp</td>
<td>44.18</td>
<td>6.40</td>
<td>15.74</td>
<td>3.47%</td>
<td>$0.07</td>
<td>$0.12</td>
<td>8.15%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc</td>
<td>112.65</td>
<td>7.45</td>
<td>11.97</td>
<td>1.88%</td>
<td>$0.04</td>
<td>$0.1</td>
<td>28.25%</td>
</tr>
<tr>
<td>Lattice Semiconductor Corp</td>
<td>39.35</td>
<td>10.55</td>
<td>11.86</td>
<td>3.28%</td>
<td>$0.04</td>
<td>$0.08</td>
<td>-34.72%</td>
</tr>
<tr>
<td>Cirrus Logic Inc</td>
<td>22.60</td>
<td>3.52</td>
<td>3.67</td>
<td>2.3%</td>
<td>$0.07</td>
<td>$0.19</td>
<td>17.98%</td>
</tr>
<tr>
<td>Average</td>
<td>73.81</td>
<td>8.81</td>
<td>10.81</td>
<td>4.06%</td>
<td>$4.34</td>
<td>$4.48</td>
<td>6.78%</td>
</tr>
</tbody>
</table>
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 </style>By closely studying Taiwan Semiconductor, we can observe the following trends: 
<ul>
<li>
With a Price to Earnings ratio of 31.45, which is 0.43x less than the industry average, the stock shows potential for growth at a reasonable price, making it an interesting consideration for market participants.
</li>
<li>
The current Price to Book ratio of 7.77, which is 0.88x the industry average, is substantially lower than the industry average, indicating potential undervaluation.
</li>
<li>
With a relatively high Price to Sales ratio of 12.08, which is 1.12x the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
With a Return on Equity (ROE) of 6.67% that is 2.61% above the industry average, it appears that the company exhibits efficient use of equity to generate profits.
</li>
<li>
Compared to its industry, the company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $474.12 Billion, which is 109.24x above the industry average, indicating stronger profitability and robust cash flow generation.
</li>
<li>
The company has higher gross profit of $358.12 Billion, which indicates 79.94x above the industry average, indicating stronger profitability and higher earnings from its core operations.
</li>
<li>
With a revenue growth of 40.07%, which surpasses the industry average of 6.78%, the company is demonstrating robust sales expansion and gaining market share.
</li>
</ul>
<h3>Debt To Equity Ratio</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727708434_0_0.png" alt="debt to equity" />
The debt-to-equity (D/E) ratio is a measure that indicates the level of debt a company has taken on relative to the value of its assets net of liabilities.
Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.
In terms of the Debt-to-Equity ratio, Taiwan Semiconductor stands in comparison with its top 4 peers, leading to the following comparisons:
<ul>
<li>
In terms of the debt-to-equity ratio, Taiwan Semiconductor has a lower level of debt compared to its top 4 peers, indicating a stronger financial position.
</li>
<li>
This implies that the company relies less on debt financing and has a more favorable balance between debt and equity with a lower debt-to-equity ratio of 0.27.
</li>
</ul>
<h3>Key Takeaways</h3>
For Taiwan Semiconductor, the PE ratio is low compared to peers, indicating potential undervaluation. The PB ratio is also low, suggesting a possible bargain opportunity. However, the PS ratio is high, which may indicate overvaluation based on revenue. In terms of profitability metrics, Taiwan Semiconductor shows high ROE, EBITDA, gross profit, and revenue growth compared to industry peers, reflecting strong financial performance and growth potential.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Markets

Trading Ideas

Comparing Taiwan Semiconductor With Industry Competitors In Semiconductors &amp; Semiconductor Equipment Industry

Guidance

Analyst Ratings

'TSMC Is Expected To See Its Global Market Share Top 70% By 2026, Thanks To Strong Ai Chip Demand, According To Industry Sources' - DigiTimes Alert

Semiconductor stocks, led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are trading lower Monday amid reports that Beijing is <a target="_blank" href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips" rel="noreferrer noopener">encouraging Chinese firms</a> to focus on domestic artificial intelligence (AI) chips from companies like Cambricon Technologies Corp and&nbsp;Huawei Technologies Co.
The move marks an escalation of geopolitical tensions between China and the U.S.
Nvidia suppliers and rivals including Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) are down in pin action with the interconnectivity of the semiconductor ecosystem.
AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is also down.
China recently announced plans to slash its key rates to drive growth, shadowing the U.S. move. The countries expect the move to drive discretionary spending, which in turn will drive economic growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Prior reports indicated that Nvidia <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">was on track</a> to sell $12 billion of artificial intelligence chips in China in 2024 through the sale of over&nbsp;1 million new H20 chips, with each chip costing $12,000-$13,000.
<a target="_blank" href="https://www.benzinga.com/news/24/09/41066968/microsoft-google-meta-pave-path-to-ai-expansion-nvidia-and-broadcom-set-to-reap-benefits" rel="noreferrer noopener">Meanwhile, U.S. hyperscalers</a>, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Google parent&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) remain invested in their AI endeavors, signaling continued demand for Nvidia AI chips.
Chinese hyperscalar Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) also <a href="https://www.benzinga.com/news/24/09/41089672/whats-going-on-with-alibaba-stock-on-monday" target="_blank" rel="noreferrer noopener">collaborated with Nvidia</a> on autonomous driving experience.
<h2 class="wp-block-heading">AMD Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Advanced Micro Devices have an average 1-year price target of $196.27, representing an expected upside of 19.42%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Advanced Micro Devices, while 13 analysts have bullish ratings. The street high price target from Rosenblatt is $250.0, while the street low from Truist Securities is $156.0.
Price Action: NVDA stock is down 2.65% at $118.18 premarket at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40980388/amd-chief-predicts-custom-chips-will-outperform-gpus-sees-shift-in-ai-chip-demand-report" target="_blank" rel="noreferrer noopener">AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report</a></li>
</ul>
Photo: Nazrul Iznan via Shuttestock

AVGO

GOOG

GOOGL

MRVL

SMCI

What's Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?

In a stark warning reminiscent of the supply chain disruptions that plagued global commerce in 2021-2022, Northwestern University professor Ben Golub predicts potential chaos as the United States braces for its <a href="https://www.benzinga.com/markets/equities/24/09/41059881/costco-gears-up-for-potential-us-port-strikes-as-ceo-stresses-proactive-steps-america-could-get-">largest shipping strike in decades</a>.
What Happened: The economist&#8217;s analysis, <a href="https://x.com/ben_golub/status/1839661945793728826">shared</a> on social media platform X, highlights the fragility of modern supply networks and the far-reaching consequences of localized disruptions.
&#8220;On Tuesday, 36 US ports will be shut down by the largest shipping strike in living memory,&#8221; Golub wrote. &#8220;This could recreate the chaotic supply chain crisis of 2021-2022.&#8221;
Golub, a professor of economics and computer science, emphasizes that supply chains are far more complex than their linear name suggests. &#8220;Supply networks are complex, interconnected webs of relationships,&#8221; he explains, citing Toyota&#8217;s post-2011 earthquake discovery of 400,000 distinct items across ten supplier tiers.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Except they interlock across firms, like this. After the 2011 Japan earthquake, Toyota mapped its supply network, uncovering 400,000 distinct items across ten tiers of suppliers. This vast complexity means disruptions can ripple through the entire network in unexpected ways. <a href="https://t.co/fKZdvNepZ7">pic.twitter.com/fKZdvNepZ7</a>
&mdash; Ben Golub (@ben_golub) <a href="https://twitter.com/ben_golub/status/1839662917525918162?ref_src=twsrc%5Etfw">September 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The economist identifies key vulnerabilities in these networks:
<ol>
<li>Concentrated dependence on specific suppliers or regions</li>
<li>The &#8220;diversification mirage,&#8221; where apparent multisourcing fails to protect against upstream crises</li>
<li>The &#8220;complexity trap,&#8221; where moderate disruptions across the network can cause systemic failure</li>
</ol>
Golub argues that market forces alone are insufficient to ensure supply network stability. &#8220;Unlike road systems, global supply networks operate without oversight,&#8221; he notes, adding that research shows market equilibria are not robust enough to prevent crises.
Golub also pointed out that the semiconductor industry, heavily reliant on Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), is particularly vulnerable. Any disruption in this sector could halt entire industries, as seen during the 2021-2022 semiconductor shortages.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41074448/latest-inflation-data-cements-feds-interest-rate-call-s-p-500-hits-all-time-high-biden-adviser-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Latest Inflation Data Cements Fed&#8217;s Interest Rate Call, S&amp;P 500 Hits All-Time High, Biden Adviser Backs China EV Ban At Detroit Economic Club: This Week In The Markets</a>
Why It Matters: The looming strike is not an isolated event but part of a broader context of potential disruptions. Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) has already taken proactive measures to mitigate the impact. CEO Ron Vachris <a href="https://www.benzinga.com/markets/equities/24/09/41059881/costco-gears-up-for-potential-us-port-strikes-as-ceo-stresses-proactive-steps-america-could-get-">detailed contingency plans</a>, including pre-shipping holiday goods and preparing to use alternative ports.
Additionally, <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">transatlantic container shipping volumes</a> have surged as U.S. retailers rush to replenish inventories ahead of the potential strike. Hapag-Lloyd CEO Rolf Habben Jansen noted the temptation among customers to bring in goods early.
Lastly, China&#8217;s exports are also at risk due to the anticipated U.S. port strikes, compounded by typhoons and the upcoming Golden Week holiday, which traditionally <a href="https://www.benzinga.com/markets/asia/24/09/41012532/chinas-exports-at-risk-from-anticipated-us-port-strikes-typhoons-golden-week-warns-container-trade-e">slows logistics activities in China</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/previews/24/09/41054701/inflation-data-will-be-watched-like-a-hawk-friday-after-feds-interest-rate-cuts?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Inflation Data &#8216;Will Be Watched Like A Hawk&#8217; Friday After Fed&#8217;s Interest Rate Cuts</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Global

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Economist Ben Golub Sounds Alarm On Upcoming US Shipping Strike Affecting 36 Ports: 'Chaotic Supply Chain Crisis' Of 2021-2022 Threatens To Resurface

Struggling chipmaker Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)&nbsp;continues to receive <a target="_blank" href="https://www.benzinga.com/news/24/09/40968128/qualcomm-reportedly-eyes-potential-takeover-of-intel-amid-60-stock-decline-but-antitrust-concerns-lo" rel="noreferrer noopener">takeover proposals from</a> chip companies, the latest being Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) following Qualcomm Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) proposal earlier.
Arm Holdings recently proposed to acquire Intel&#8217;s product unit. However, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-27/arm-rejected-by-intel-after-approaching-it-about-buying-product-unit?sref=TBDibEcD" rel="noreferrer noopener">reports</a> that Intel is not looking to sell the business division.
Intel stock plunged 31% as it failed to capitalize on the artificial intelligence shift, which is something that contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) excelled at.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41012678/super-micro-unveils-next-gen-servers-powered-by-intels-latest-xeon-chips" rel="noreferrer noopener">Super Micro Unveils Next-Gen Servers Powered by Intel&#8217;s Latest Xeon Chips</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7.png" alt="" class="wp-image-569782" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/27091711/newplot-1-7-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Meanwhile, some reports indicated Intel&#8217;s plans to convert its <a target="_blank" href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" rel="noreferrer noopener">foundry business into</a> an independent unit, including exploring a spinoff into a publicly traded company. The chipmaker also explored divesting stake in the programmable chip unit&nbsp;Altera.
However, Intel&#8217;s recent big wins included a&nbsp;U.S. chipmaking deal from&nbsp;Amazon.Com Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web services and the U.S. Chip grant.
The chipmaker also clarified that it would not divest a majority stake in the struggling <a target="_blank" href="https://www.benzinga.com/news/24/09/40941075/whats-going-on-with-autonomous-driving-stock-mobileye-thursday" rel="noreferrer noopener">Israeli autonomous driving company</a> Mobileye Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>), whose stock is down 66% in the last 12 months.
Intel&#8217;s exploration of stake sales to companies like Qualcomm and Arm could hinder its U.S. subsidy over antitrust grounds, the Financial Times <a target="_blank" href="https://www.ft.com/content/ff0ca77d-ad35-45ba-a493-201a26932efb" rel="noreferrer noopener">reports</a>.
Multiple deals including Nvidia&#8217;s proposal to snap Arm Holdings from&nbsp;Softbank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) and Intel&#8217;s&nbsp;Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) deal have succumbed to global regulatory opposition.
The semiconductor sector had a good week, buoyed by the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41046485/whats-going-on-with-nvidia-braodcom-intel-and-other-chip-stocks-on-thursday" rel="noreferrer noopener">key rate cuts</a> in the U.S. and China, an upbeat quarterly print from Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and continued AI investments from Big Tech companies.
Semiconductor ETFs, Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>), gained 5%- 7% in the last five days.
Price Action: INTC stock is down 0.04% at $23.91 at the last check on Friday.
Photo via Shutterstock

AMZN

MBLY

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

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What's Going On With Intel Stock On Friday?

Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) has outperformed the market over the past 20 years by 9.25% on an annualized basis producing an average annual return of 17.67%. Currently, Taiwan Semiconductor has a market capitalization of $933.29 billion. 
Buying $1000 In TSM: If an investor had bought $1000 of TSM stock 20 years ago, it would be worth $25,477.55 today based on a price of $179.96 for TSM at the time of writing.
<h3>Taiwan Semiconductor's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727449225_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $25,000 Today

LRCX

Shares of companies in the broader semiconductor space are trading lower. The sector may be pulling back after rising Thursday on strong earnings from Micron.

On Wednesday, Synopsys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n41033101/synopsys-and-tsmc-pave-the-path-for-trillion-transistor-ai-and-multi-die-chip-design" rel="noreferrer noopener">announced its continued</a> collaboration with Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to deliver advanced EDA and IP solutions on the contract chipmaker&#8217;s most advanced process and 3DFabric technologies, accelerating innovation for AI and multi-die designs.
&#8220;Synopsys&#8217; certified Custom Compiler and PrimeSim solutions provide the performance and productivity gains that enable our designers to meet the silicon demands of high-performance analog design on the Taiwan Semiconductor N2 process,&#8221; said&nbsp;Ching San Wu, Corporate VP at MediaTek.
In addition, Synopsys is collaborating with Taiwan Semiconductor on the new backside routing capabilities.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">Taiwan Semi Secures $7.5B Boost for Arizona Expansion, Aims for Advanced Chip Production: Report</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26082010/newplot-22.png" alt="" class="wp-image-567584" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26082010/newplot-22.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26082010/newplot-22-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The electronic design automation company supports the contract chipmaker&#8217;s A16 process in the Synopsys digital design flow to address power distribution and signal routing for design performance efficiency and density optimization.&nbsp;
&#8220;Our collaboration with&nbsp;Synopsys and Taiwan Semiconductor exemplifies our collective commitment to driving innovation and enabling the future of AI and multi-die chip design,&#8221; said&nbsp;John Lee, vice president and general manager of the semiconductor, electronics, and optics business at Ansys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANSS#NASDAQ">ANSS</a>).
Ansys and Taiwan Semiconductor recently collaborated with Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to speed up <a target="_blank" href="https://www.benzinga.com/news/24/09/41008834/ansys-taiwan-semiconductor-microsoft-team-up-to-supercharge-next-gen-chip-simulations" rel="noreferrer noopener">photonic chip simulations</a>.
Semiconductor stocks, including Synopsys and Taiwan Semiconductor stocks, are trading upwards Thursday in solidarity with Micron Technology, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita" rel="noreferrer noopener">upbeat quarterly print</a>.
The <a target="_blank" href="https://www.benzinga.com/government/24/09/40938590/whats-going-on-with-ai-related-stocks-nvidia-amd-broadcom-and-super-micro-on-thursday" rel="noreferrer noopener">semiconductor industry is</a> riding high on the AI wave, and the U.S. Fed rate cuts are providing an additional tailwind for the sector.
Investors can gain exposure to the semiconductor sector through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Actions: At the last check on Thursday, SNPS stock was up 0.90% at $514.95, and TSM stock was up 1.99% at $185.99.

ANSS

SNPS

iShares PHLX SOX Semiconductor Sector Index Fund

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Synopsys Partners With Taiwan Semi To Power Next-Gen AI Chip Innovations

Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) shares are trading higher. The company on Thursday announced that it completed the testing of its latest Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/pressreleases/24/09/g41044098/bitdeer-completes-testing-of-its-latest-seal02-bitcoin-mining-chip">mining chip</a>.
What To Know: Bitdeer said its Bitcoin mining chip SEAL02 has successfully gone through testing following tape-out. SEAL02 uses advanced process nodes in partnership with Taiwan Semiconductor Manufacturing Company Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Bitdeer noted that its latest chip showed an exceptional power efficiency ratio during testing and met the milestone that the company outlined in June. 
&#8220;We are thrilled about achieving SEALMINER&#8217;s power efficiency target as reflected in our roadmap. Our ongoing commitment to R&amp;D is making possible innovative and superior solutions that will set new benchmarks for efficiency&nbsp;and transparency to benefit the wider mining ecosystem,&#8221; said Linghui Kong, chief business officer of Bitdeer.
SEAL02 will be integrated into the company&#8217;s upcoming SEALMINER A2 mining machines. Bitdeer said mass production is scheduled to commence in November. The company also noted that research and development work on SEAL03 is ongoing and remains on track. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41044977/anthony-pompliano-says-bitcoin-set-to-be-a-big-winner-in-coming-months-due-to-cheap-money-">Anthony Pompliano Says Bitcoin Set To Be &#8216;A Big Winner&#8217; In Coming Months Due To &#8216;Cheap Money Floating Into The System&#8217;</a>
<h2 class="wp-block-heading">How To Buy BTDR Stock</h2>
By now you're likely curious about how to participate in the market for Bitdeer Technologies &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Bitdeer, which is trading at $7.54 as of publishing time, $100 would buy you 13.26 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
BTDR price Action: Bitdeer shares were up 3.85% at $7.83 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

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Bitcoin Mining Stock Bitdeer Technologies Is Rising Thursday: What's Going On?

Semiconductor stocks especially linked to artificial intelligence led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) are trading higher Thursday in sympathy with Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
Micron&#8217;s upbeat fourth-quarter performance is pushing the sector higher. AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) has also gained momentum.
On Wednesday, Micron reported quarterly revenue of $7.75 billion, up by 93%, beating the&nbsp;analyst consensus of $7.64 billion. This was driven by <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita" rel="noreferrer noopener">a strong ramp</a> of its data center DRAM and high-bandwidth memory products.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41032464/new-broadcom-chipsets-set-to-boost-comcast-and-charter-networks-with-over-25-gbps-speed" rel="noreferrer noopener">New Broadcom Chipsets Set to Boost Comcast and Charter Networks With Over 25 Gbps Speed</a>
The upbeat quarterly prints of Nvidia, Broadcom, and Micron bear testimony to the continued AI frenzy as hyperscalers remain invested in their AI endeavors.
Some positive updates bearing testimony to continued AI momentum include Microsoft earmarking $1.3 billion to <a target="_blank" href="https://www.benzinga.com/government/24/09/41020845/microsoft-invests-1-3b-to-boost-ai-skills-and-infrastructure-in-mexico" rel="noreferrer noopener">boost AI infrastructure</a> and skills in Mexico and Taiwan Semiconductor bagging <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">smartphone chip deals</a> from Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
BofA Securities analyst Justin Post also hailed the latest partnership between rival cloud providers Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), which can unlock demand <a target="_blank" href="https://www.benzinga.com/news/24/09/40800539/amazon-and-oracle-partnership-unlocks-major-cloud-growth-opportunity-analyst-suggests" rel="noreferrer noopener">for infrastructure and applications</a>.
Struggling chipmaker Intel&#8217;s Amazon deal and U.S. grant also <a target="_blank" href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" rel="noreferrer noopener">reflect further optimism</a>.
The semiconductor sector also benefited from the key rate cuts by the U.S. and China, which aim to <a target="_blank" href="https://www.benzinga.com/government/24/09/41004045/whats-going-on-with-chinese-stocks-alibaba-nio-xpeng-li-auto-on-tuesday" rel="noreferrer noopener">spur discretionary spending</a> by capital-intensive companies.
Price Actions: NVDA stock is up 2.51% at $126.62 premarket at last check Thursday. AMD is up 3.10% at $167.04, and INTC is up 3.70% at $24.41.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/09/41023040/nvidia-xpeng-join-alibabas-apsara-conference-to-showcase-ai-tech-advancements" target="_blank" rel="noreferrer noopener">Nvidia, XPeng Join Alibaba&#8217;s Apsara Conference to Showcase AI Tech Advancements</a></li>
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Photo via Shutterstock

Earnings

ORCL

What's Going On With Nvidia, Broadcom, Intel, And Other Chip Stocks On Thursday?

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/25/final-trades-trane-tech-american-tower-regeneron-and-taiwan-semi.html">Halftime Report Final Trades</a>,&#8221; Stephen Weiss of Short Hills Capital Partners said he still finds Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report">cheap</a>.
On Monday, Taiwan Semiconductor Manufacturing bagged the government's approval for an additional $7.5 billion infusion into Taiwan Semiconductor Arizona unit, the Taipei Times cited the Department of Investment Review statement.
Amy Raskin of Chevy Chase Trust named Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>).
Chief District Judge Thomas Kleeh denied Regeneron Pharmaceuticals' effort to prevent the sale of Amgen Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) Eylea biosimilar. Regeneron filed a notice of its appeal to the U.S. Court of Appeals <a href="https://www.benzinga.com/general/biotech/24/09/41012464/why-is-regeneron-pharmaceuticals-stock-trading-lower-on-tuesday">for the Federal Circuit</a>.
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Kari Firestone of Aureus Asset Management picked American Tower Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) as her final trade.
On Sept. 23, JP Morgan analyst Philip Cusick maintained American Tower with an Overweight rating and raised the price target from $240 to $250.
Joseph M. Terranova of Virtus Investment Partners named Trane Technologies plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>).
On July 31, Trane Technologies reported better-than-expected second-quarter financial results and raised its FY24 guidance. Revenues grew 13% Y/Y to $5.31 billion, surpassing the consensus of $5.13 billion. Bookings increased 19% Y/Y to$5.34 billion in the quarter. Adjusted EPS of $3.30 surpassed the street view of $3.08.
Price Action:
<ul>
<li>Taiwan Semiconductor gained 0.2% to close at $182.35 during Wednesday's session.</li>
<li>Regeneron Pharmaceuticals shares fell 1.4% to settle at $1,031.15 on Wednesday.</li>
<li>American Tower fell 0.4% to close at $235.63 during Wednesday's session.</li>
<li>Trane Technologies shares gained 1% to close at $387.70 on Wednesday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>
Image: Shutterstock

Long Ideas

AMGN

REGN

Taiwan Semiconductor, American Tower, Trane Technologies And A Health Care Stock On CNBC's 'Final Trades'

Bitdeer Technologies Group&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) ("Bitdeer" or the "Company"), a world-leading technology company for blockchain and high-performance computing, today announced the successful testing of its latest Bitcoin mining chip, SEAL02, following tape-out. &nbsp;
SEAL02 uses one of the most advanced process nodes in partnership with TSMC, a world-leading semiconductor foundry. An exceptional power efficiency ratio of 13.5 J/TH - while running at low voltage, ultra power-saving mode - was indicated in SEAL02 chip's verification and prototype tests, achieving the power efficiency milestone outlined in the SEALMINER technology roadmap announced in June 2024.
Linghui Kong, Chief Business Officer of Bitdeer, commented, "We are thrilled about achieving SEALMINER's power efficiency target as reflected in our roadmap. Our ongoing commitment to R&amp;D is making possible innovative and superior solutions that will set new benchmarks for efficiency&nbsp;and transparency to benefit the wider mining ecosystem."
SEAL02 will be integrated into the Company's upcoming SEALMINER A2 mining machines, with mass production scheduled to commence in November 2024.
Additionally, R&amp;D work on the Company's upcoming chip, SEAL03, is ongoing and the Company's product release milestone is on track.

Bitdeer Completes Testing Of Its Latest SEAL02 Bitcoin Mining Chip; SEAL02 Uses One Of The Most Advanced Process Nodes In Partnership With TSMC

ACHR

AEHR

ALGM

AMBR

AXTI

DIOD

GCTS

INDI

KLAC

KLIC

LSCC

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

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MKSI

MPWR

MTSI

NVTS

RMBS

SIMO

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UCTT

WOLF

Shares of semiconductor and chip stocks are trading higher following strong earnings from Micron.

Several chip stocks are moving higher after the market close on Wednesday alongside Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), which jumped after the company reported <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">strong quarterly results</a>.
What Happened With MU: Micron beat analyst estimates on the top and bottom lines, reporting revenue of $7.75 billion versus <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $7.635 billion, and earnings of $1.18 per share versus estimates of $1.13 per share.
Micron said its 93% revenue growth in the quarter was driven by robust <a href="http://benzinga.com/topic/ai">AI</a> demand, which was the main driver of chip stock appreciation in recent years.
The memory-chip giant also guided for &#8220;significantly improved profitability&#8221; in fiscal 2025, which appears to be sparking the surge in shares. Micron stock was up 13.2% at $108.37 at the time of writing, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">Micron Q4 Earnings: Revenue, EPS Beat On &#8216;Robust AI Demand,&#8217; Company Sees &#8216;Significantly Improved&#8217; Profitability Ahead, Shares Surge</a>
Why It Matters: Micron focuses on making memory chips. Other big players in the semiconductor memory market like Western Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) are seeing the biggest gains after the bell, with both up more than 4% in after-hours trading at the time of writing, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Other chipmakers making moves after the bell include NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Arm Holdings Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). Several chip stocks were up roughly 1% after hours at last check.
Read Next:
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<li><a href="https://www.benzinga.com/top-stories/24/09/41033617/voo-vs-vti-vanguards-s-p-500-total-stock-market-etfs-hit-new-highs-as-s-p-500-reaches-record-level">VOO Vs. VTI: Vanguard&#8217;s S&amp;P 500, Total Stock Market ETFs Hit New Highs As S&amp;P 500 Reaches Record Level</a></li>
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Photo: Courtesy of Arm Holdings.

Western Digital, Nvidia, Other Chip Stocks Are Rising Wednesday: What's Behind The Move?

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