TSMC Just Gave Investors Another Reason to Be Bullish on Nvidia
Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest contract chipmaker, posted its first-quarter report on April 18. Its revenue rose 13% year over year to $18.9 billion and its earnings grew 5% to $1.38 per American depositary receipt (ADR). Both figures exceeded analysts' expectations.
However, TSMC followed up its earnings beat with a cautious outlook for the industry. It reduced its full-year revenue forecast for the broader semiconductor market (excluding memory chips) from "more than 10%" growth to "approximately 10%" and cut its outlook for the foundry market from "approximately 20%" to "mid-to-high teens" growth.
Image source: Getty Images.
Source Fool.com
Taiwan Semiconductor Manufacturing Co. Ltd. ADR Aktie
131,20 €
3,31 %
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