TSMC and Broadcom may overtake Amazon in market capitalization
AMZN Amazon.com Inc
$266.17 -1.74%
View chart & analysis → - 1TSMC increased its US investment plan from $12 billion in 2020 to $265 billion.
- 2Bank of America, Blackstone, Citi, and Morgan Stanley announced a $63 billion financial structure on October 26 to purchase Broadcom accelerators and networking equipment and lease them to Anthropic.
- 3The Nvidia board announced an independent investigation on Sunday regarding reports that CEO Jensen Huang was targeted by foreign intelligence activities.
So what's the key point?
TSMC has significantly increased the amount of money it intends to invest in the US to $265 billion. This means the company plans to expand its US business much more.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.