Dutch Firm ASML and Taiwan’s TSMC Shares Surge After Nvidia’s Impressive Earnings

Key Points:

• Dutch firm ASML and Taiwan’s TSMC saw a boost in their share prices after Nvidia’s impressive earnings report.
• Nvidia’s record-breaking earnings is due to a surge in demand from graphic processing units (GPUs) and gaming consoles.
• ASML and TSMC provide equipment and components to make GPUs, and their earnings are expected to increase as well.
• Analysts are amazed by Nvidia’s guidance for the coming quarter, with one saying, “We have never seen a guide like the one Nvidia just put up.”

ASML and TSMC, two of the world’s most important semiconductor manufacturers, got a share price boost after Nvidia’s impressive earnings report. The surge in demand for graphic processing units (GPUs) and gaming consoles, due to the pandemic, caused Nvidia to break records in earnings. As ASML and TSMC provide equipment and components for making GPUs, their earnings are also expected to increase. An analyst even said, “We have never seen a guide like the one Nvidia just put up.” It seems that the future is looking bright for these semiconductor giants as demand for gaming and technology continues to grow.

Disclaimer: This news article is for entertainment and informational purposes only. The author is not a financial advisor. Please do your research or consult with a professional before investing.

Original article:https://trends.google.com/trends/trendingsearches/daily?geo=IN#Nvidia%20share%20price