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Stocks Start the Week Calm as Oil Gains, Apple Slides on “iPhone Fear” and Traders Eye U.S.-Iran News
The Apex Times

THE APEX TIMES

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TSMC’s sales beat lifts hopes for Apple and Nvidia’s chip demand, at least in the near term
The Apex Times

THE APEX TIMES

Business / The Apex Times

TSMC’s sales beat lifts hopes for Apple and Nvidia’s chip demand, at least in the near term

Taiwan Semiconductor’s reported monthly sales growth coming in ahead of its annual forecast has traders recalibrating expectations for the next leg of demand tied to leading-edge chips. For Apple and Nvidia, The announcement matters mostly because both depend heavily on TSMC’s advanced manufacturing capacity.

Aug 10, 10:30 AM EDT