Taiwan Semiconductor Manufacturing Company Limited (TSM)
Pre-market:
- Yahoo Finance Video
Nvidia, chip stocks rise on Fed's rate cut
The Federal Reserve's decision to cut its benchmark interest rate by 50 basis points is giving chip stocks, including Nvidia (NVDA), Broadcom (AVGO), and AMD (AMD) a boost. In the video above, Morning Brief anchors Seana Smith and Brad Smith break down the action. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
- Zacks
5 AI Giants to Watch at Attractive Prices Amid Fed's Big Rate Cut
The first rate cut was certain in September but market participants are surprised about its magnitude. Investors must focus on 5 AI giants namely, TSM, SMCI, MU, SNOW, WDC.
- South China Morning Post
ByteDance denies reported plan to make self-designed chips and cut reliance on Nvidia
Chinese technology giant ByteDance, the owner of TikTok, has denied reports that it plans to design and produce two types of semiconductors by 2026 to cut reliance on leading US chip designer Nvidia. The Beijing-based company, which also operates TikTok's Chinese sibling Douyin, said its initiatives in the field of semiconductors "are in the early stage, focusing on cost optimisation of recommendations, advertising and other businesses", local media reported, citing a ByteDance statement written
