TSMC Jumps; Meta AI Strategy; McDonald's Downgrade
On this episode of Stock Movers:- Taiwan Semiconductor Manufacturing Co. (TSMC) shares are higher this morning as the main chipmaker for Nvidia Corp. and Apple Inc., reported a 40% jump in May revenue after companies stockpiled chips in response to mounting trade uncertainty. The company's CEO last week reaffirmed the company’s guidance for sales to grow in the mid-20% range in US dollar terms in 2025. AI chip demand still outstrips supply, he told shareholders.- Meta (META) shares are moving on news that CEO Mark Zuckerberg is assembling a team of experts to achieve artificial general…
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