TSMC exceeded Q1 expectations with strong demand from AI firms contributing to 65% of revenue. Apple and Nvidia are key customers. Q2 forecast is robust, driven by advanced technologies and expanded customer base. AI servers to double revenue within a year. TSMC reaffirms capital expenditure and predicts low-to-mid 20% revenue increase in 2024. Analysts view TSMC favorably. TSM stock gained 58% in the last 12 months. Investors can gain exposure through SMH and VWO ETFs. TSM shares closed lower at $133.80 premarket.
United Airlines secures compensation from Boeing for Q1 losses incurred by 737 MAX 9 grounding, unveiling a confidential deal involving future purchase offsets.
On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying either Ethereum (CRYPTO: ETH) or buy Bitcoin (CRYPTO: BTC), in case you want to own Marathon Digital Holdings, Inc.
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Walmart-backed Ibotta's IPO aims high, targeting a $577.3 million raise, exceeding expectations with a $2.67 billion valuation. Get the latest on this digital marketing giant's market debut.