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Home » US Stocks Soaring to New Heights as Funds Favor AI Stocks Cryptocurrency Losing Allure
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US Stocks Soaring to New Heights as Funds Favor AI Stocks Cryptocurrency Losing Allure

Jun. 18, 2024No Comments1 Min Read
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US Stocks Soaring to New Heights as Funds Favor AI Stocks Cryptocurrency Losing Allure
US Stocks Soaring to New Heights as Funds Favor AI Stocks Cryptocurrency Losing Allure
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Broadcom (code AVGO) and Taiwan Semiconductor ADR saw their stock prices rise by 5.41% and 2.74% respectively yesterday. Broadcom’s AI chips have helped its second-quarter revenue soar, leading to continuous surges in the stock price and the announcement of a 1-for-10 stock split plan. According to the supply chain news, Taiwan Semiconductor is planning to raise prices, with a price increase of over 5% for the 3-nanometer process and 10-20% for advanced packaging. The 3-nanometer supply from Taiwan Semiconductor is in short supply, with orders from major clients such as Apple and NVIDIA booked until 2026. Taiwan Semiconductor also surged nearly 3% at the opening today, reaching a historical high of 950 yuan.

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