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Major Apple supplier TSMC shares hit record high
Tuesday December 24, 2024. 04:17 PM , from Mac Daily News
Charlotte Yang for Bloomberg News: “For us, TSMC remains the best way to play the AI theme without having to pick a winner or a technology, at a reasonable valuation,” said Kevin Net, head of Asian equities at Financiere de L Echiquier. The next catalyst to watch will be Nvidia’s presentation at CES 2025 next month as well as TSMC’s upcoming results and guidance, he added. With a client list that also includes Apple Inc. and Advanced Micro Devices Inc., TSMC has been a major beneficiary of the boom in AI spending. The company is expected to report sales growth of 36% for the December quarter, with a gross profit margin at 58.3%, the highest since 2022. MacDailyNews Take: Good news for TSMC is good news for Apple, which is, by far, TSMC’s number one customer. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Read on Substack Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Major Apple supplier TSMC shares hit record high appeared first on MacDailyNews.
https://macdailynews.com/2024/12/24/major-apple-supplier-tsmc-shares-hit-record-high/
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