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2 hours ago
European Market: Click here for opening call
According to IG data, European markets are expected to open higher, with the FTSE 100 index up 46.6 points to 7,506 points, Germany’s DAX index up 86.5 points to 16,644 points, and France’s CAC 40 index up 43.6 points to 7,444 points. ing.
— Jenny Reid
7 hours ago
TSMC predicts big growth in 2024, Asian chipmakers booming
Asian chip stocks rose on Friday after Taiwan Semiconductor Manufacturing Co. announced an upwardly positive full-year outlook a day earlier on the back of AI-related demand.
TSMC stock rose 4.42%, while South Korean memory chip makers Samsung Electronics and SK Hynix rose 3.21% and 2.42%, respectively.
TSMC expects 2024 to be a “year of healthy growth” due to demand for 3-nanometer and 5-nanometer technologies and the AI boom. This comes after a difficult year for semiconductor manufacturers amid deteriorating global macroeconomic conditions and inventory adjustment cycles.
“TSMC is perfectly positioned to benefit from: [AI]. “He has an insatiable appetite for low-power, high-performance chips that can enable AI on devices,” Daniel Newman, principal analyst at Futurum Research, said on CNBC’s “Squawk Box Asia.” Ta.
– Sheila Chan
10 hours ago
CNBC Pro: BYD More: AllianceBernstein names Asia’s top stocks for next six months, giving one stock more than 60% upside potential
Several sectors and stocks in the Asia-Pacific region are “particularly attractive at the moment,” AllianceBernstein said.
Wall Street Bank analysts listed these stocks as their “Top Picks for the Next Six Months” in Asia, stating that these stocks are “highly ranked on a quantitative basis and Bernstein analysts have a very positive view on them.” “Our company is doing the same thing.”
CNBC Pro subscribers can read more here.
— Amara Balakrishna
10 hours ago
CNBC Pro: Here’s Morgan Stanley’s ‘conviction list’ of the world’s highest dividend stocks
16 hours ago
Among the 18 S&P 500 companies, AMD, Nvidia, Boston Scientific, and Domino’s Pizza hit new highs.
Chipmakers Advanced Micro Devices and Nvidia are among the S&P 500 stocks that hit 52-week highs on Thursday. AMD stock traded at its highest level since the company’s IPO in September 1972, while Nvidia stock was at its highest level since January 1999. Other technology and software companies, big names in the industry, and some hotel chains also reached new highs.
Here are some of the names that hit all-time highs.
Stocks in the broad market index that hit new 52-week lows include Devon Energy, Exxon Mobil and Humana.
— Pia Singh, Christopher Hayes
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