Lumentum Leads Optical Peers Higher; TSMC Sales Beat Estimates; Software Stocks Extend Selloff
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Nvidia-backed Lumentum Holdings (LITE) is leading gains among optical-components makers as the firm said demand from the biggest US tech companies is accelerating. - Taiwan Semiconductor Manufacturing (TSM) reported a 35% increase in quarterly revenue, suggesting global AI chip demand remained intact during the first weeks of war in the Middle East.The main chipmaker for Nvidia Corp. and Apple Inc. reported revenue for the first quarter of $35.6 billion, beating projections, after sales in March alone…
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