Nvidia, TSMC, Apple -- Today -- Mid-Day Trading -- TSM's Sales Rise 40% Y/Y -- October 9, 2024

Locator: 48542TECH.

On top of this news earlier this week:

Foxconn: to build Nvidia's superchip factory in Mexico.

Mid-day trading:

Nvidia, TSM:

Link here.

From the linked article, TSM's sales rise 40% y/y:

Nvidia stock was hovering a few dollars shy of its record high in Wednesday morning trading.

The latest figures from Taiwan Semiconductor Manufacturing TSM could provide another boost to shares.

A string of recent gains has left Nvidia close to its record closing high—adjusted for stock splits—of around $135, hit in June. Nvidia shares, at around $133, were trading between gains and losses shortly after the opening bell.

The stock closed up 4.1% on Tuesday. Sales figures from Nvidia’s key supplier TSM (and Apple's key supplie) are a possible catalyst for the stock today. On Wednesday, the company (TSM) reported a 40% rise in its September sales from the same month last year. That brought the Taiwanese chip manufacturer’s third-quarter sales to 759.69 billion New Taiwan dollars, or $23.58 billion overall. The company didn’t offer detailed commentary alongside the monthly sales figure but has previously said it expected revenue of $22.4 billion to $23.2 billion for the third quarter overall.

Without question, the "AppEconomy" graphics at twitter are going to be quite remarkable. 

Tickers today in mid-day trading: 

AAPL up 35% in the past six months.

Both TSM and NVDA are trading flat to slightly negative today.

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• I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 
• Reminder: I am inappropriately exuberant about the US economy and the US market.
• I am also inappropriately exuberant about all things Apple. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.