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Stocks rose Thursday as investors digested strong retail sales data and more earnings. Retail sales data showed US consumer spending remains robust, with monthly spending up 0.4%. AdvertisementUS stocks climbed on Thursday as traders saw better-than-expected retail sales data and continued to digest strong corporate earnings reports. September's retail sales report showed consumer spending remains strong, with monthly spending up 0.4% from August, just above a Dow Jones consensus estimate of 0.3%. And almost every AI innovator is working with TSMC," TSMC chairman and CEO C.C.
Persons: Stocks, ASML, , C.C, Wei, TSMC, Morgan Stanley, JB Hunt Organizations: Service, Dow Jones, Commerce Department, Federal Reserve, Labor Department, chipmaker Taiwan Semiconductor Manufacturing Company, Nvidia, AMD, chipmakers, United Airlines, Netflix, Caixin Global, JB Locations: Wednesday's, Here's, China
Investor darling Nvidia is dominating headlines once again after its earnings last week surpassed expectations on the back of the artificial intelligence boom. Morgan Stanley notes that the reaction to Nvidia's first quarter results is "very telling on how much buying power still exists in the market." Here are seven of Morgan Stanley's overweight-rated stocks to play these AI themes: Overweight-rated stocks Among Morgan Stanley's list of AI stock opportunities are South Korean tech giant SK Hynix and Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company . SK Hynix stocks are held in the iShares MSCI South Korea ETF (8.4% weight) and Franklin FTSE South Korea ETF (8.3% weight). Shares in TSMC are included in the iShares MSCI Taiwan ETF (25.1% weight) and Franklin FTSE Taiwan ETF (22.2% weight) Beyond the headline-makers, Morgan Stanley also sees potential in Japanese manufacturer Advantest Corp .
Persons: Morgan Stanley, Nvidia's, Hopper, Morgan Stanley's, Morgan, Goldman Sachs, — CNBC's Michael Bloom Organizations: Nvidia, SK Hynix, Taiwan Semiconductor Manufacturing Company, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, Advantest Corp, Japan Equity, JPMorgan BetaBuilders Japan, Alchip Technologies, Technology, Memory Technology, Micronics Locations: Asia, Korean, Korea, Franklin FTSE South, Taiwan, Franklin FTSE Taiwan
AI PCs are personal computers equipped with processors designed to perform AI tasks, such as real-time language translation and summarization. Referring to them as the most powerful chips yet for business PCs, AMD said the Ryzen Pro 8040 series processors for laptops and the Ryzen Pro 8000 series processors for desktops are built with the advanced 4-nanometer technology. These new AMD chips will compete against Nvidia's and Intel's chips that are specifically designed for AI PCs. Instead, it outsources the manufacturing of its chips to semiconductor foundries, mainly to the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company . AMD and Intel have talked up AI PCs as a new era for the industry.
Persons: Omar Marques Organizations: Getty Images, Nvidia, Intel, AMD, HP, Lenovo, Taiwan Semiconductor Manufacturing Company, TSMC Locations: POLAND
The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions. That compares with TSMC's guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion. "In the fourth quarter, revenue increased 14.4% sequentially [from the third quarter], supported by the continued strong ramp of our industry-leading 3-nanometer technology," said TSMC in its fourth-quarter earnings report. But analysts say chip inventories at smartphone and PC makers are running down and expect restocking demand to pick up. In its third-quarter earnings report in October, TSMC said that its business was supported by the industry-leading 3-nanometer technology and higher demand for 5-nanometer technologies, partially offset by customers' ongoing inventory adjustment.
Persons: TSMC, Brady Wang Organizations: Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Samsung Electronics, SK Hynix, Counterpoint Research Locations: Taiwan
TSMC starts volume production of most advanced chips in Taiwan
  + stars: | 2022-12-29 | by ( ) www.reuters.com   time to read: +2 min
TAINAN, Taiwan, Dec 29 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW), began mass production of its most advanced chips in southern Taiwan on Thursday and the company's chairman said it would continue to expand capacity on the island. The long-awaited mass production of chips with 3-nanometre technology comes as attention focuses on the world's largest contract chipmaker's investment plans at home and abroad. TSMC has a dominant position as a maker of advanced chips used in technology from cellphones to fighter jets. Taiwan's government has dismissed concerns about a "goodbye to Taiwan" trend for the chip industry, saying the island's position as a major semiconductor producer and maker of the most advanced chips is secure. TSMC said it was working to build factories for the next generation 2-nanometre chips, which were planned to be manufactured in northern and central Taiwan.
TSMC in talks with suppliers over first European plant - FT
  + stars: | 2022-12-23 | by ( ) www.reuters.com   time to read: +2 min
Dec 23 (Reuters) - Chipmaker Taiwan Semiconductor Manufacturing Company Ltd (TSMC)(2330.TW) is in advanced talks with key suppliers about setting up its first potential European plant in the German city of Dresden, the Financial Times reported on Friday. The Taiwanese firm's talks with several materials and equipment suppliers are focused on whether they can also make the investments required to support the plant, the report said, adding that if it presses ahead with a Dresden plant, it would focus on 22-nanometre and 28-nanometre chip technologies. TSMC has maintained it had not yet made a decision on a plant in Europe, but that no options were being ruled out. Earlier this month, TSMC said it would more than triple its planned investment at its new Arizona plant to $40 billion, among the largest foreign investments in U.S. history. The company expects its Phoenix factories to create 13,000 high-tech jobs, including 4,500 under TSMC and the rest filled by suppliers.
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