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.
In an unprecedented move for the blockchain gaming sector, Ronin (CRYPTO: RON) announced its collaboration with Ragnarok: Monster World, signaling the entry of the first Web2 gaming Intellectual Property (IP) onto its platform.
Goldman Sachs recognizes Tesla's potential for growth in autonomy and ADAS. Delaney notes challenges but sets $175 target, potential $220-$300 upside and $55-$75 downside.
Amazon plans to expand its Just Walk Out cashierless shopping technology to more stores, while also testing smart carts and revamping its Fresh locations.