All articles tagged with #ai chip demand
Broadcom reported strong quarterly earnings with revenue and EPS beating estimates, and maintained a bullish outlook, but its stock dropped 11% due to concerns over margin compression from rising AI-chip demand. Morgan Stanley reaffirmed its buy rating and increased its price target from $443 to $462, citing a strong long-term setup despite short-term volatility.
Taiwan Semiconductor Manufacturing Company (TSMC) shares hit a record high after Morgan Stanley raised chip designer Nvidia's price target due to increased demand for AI chips. TSMC, the world's largest processor producer, manufactures chips for companies like Nvidia and Apple. The surge in AI demand has led to a positive outlook for Nvidia, with Morgan Stanley increasing its price target to $750. Nvidia's B100 GPU is expected to be a game changer in AI processing, and TSMC is currently manufacturing 3-nanometer chips with plans for 2-nanometer mass production in 2025.