Gene Munster Predicts 'Bull Market Driven By AI' Amid TSMC's Stellar Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
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Source: Benzinga
Insights on AI Market Dynamics: Gene Munster emphasized the importance of focusing on the broader AI landscape, noting that despite recent concerns over a slowdown in AI chip demand due to ASML's revenue forecast cut, TSMC reported strong growth and demand for AI technologies.
TSMC's Performance and Market Reaction: TSMC's impressive third-quarter results, with a 39% year-over-year revenue increase, support Munster's belief in a sustained bull market for AI, countering fears from ASML's guidance and showing robust demand for advanced AI chips.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
