Key Market Moves: Taiwan Semiconductor, JPMorgan, Delta
By Syfe  •  April 14, 2022
US stocks rallied on Wednesday, boosted by a recovery in growth stocks and mostly positive corporate earnings. The S&P 500 and Nasdaq Composite snapped their three-day losing streak as falling US Treasury yields lifted interest-sensitive tech shares. Here are the week’s top headlines. Taiwan Semiconductor’s record earnings Taiwan Semiconductor Manufacturing Co. (TSMC) today reported a record $7 billion profit for the January – March period, representing a 45% jump from the year before. The company (TSM:NYSE) attributed its stellar performance to strong demand for auto-related and high performance computing chips. In the last quarter of 2021, TSMC raised prices by as much as 20% as the global chip shortage allowed chipmakers to command higher prices. TSMC supplies chips to companies like Apple, Qualcomm and Nvidia. The company expects chip capacity to remain tight this year, and forecast an up to 37% jump in current-quarter sales. The share price rose 4% in Wednesday’s trading and is up nearly 2% in pre-market trading today, at this time of writing....
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...

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