Get the latest tech news
Semiconductor Stocks Drive S&P 500 to a Fresh All-Time High
On Friday, January 19, 2024, the S&P 500 closed the session up 1.2% at $4,839.81, marking a fresh historic all-time high.
TSM’s bullish forecast adds a layer of credibility to the growth story in semiconductors for data centers, AI, and other internet connected devices. The CEO transition from Bob Swan to Pat Gelsinger fueled an increase of +3.02% in Intel Corp (NASDAQ: INTC) stock as investors responded positively. Among the causative factors that led to ASML widely outperforming in 2022, amidst a generalized tech selloff, was market dominance of lithography machines needed for manufacturing advanced chips.
Or read this on r/technology