00:00 It's Benzinga and here's what's on the block.
00:02 TSMC shares hit a record high on Thursday after Morgan Stanley upgraded its price target for
00:06 chip maker NVIDIA, citing continued strong demand for AI. TSMC is the world's largest
00:12 advanced chip manufacturer and produces semiconductors for companies like NVIDIA and
00:16 Apple. Morgan Stanley raised its NVIDIA price target and said it sees a very strong near-term
00:21 outlook fueled by AI demand. NVIDIA benefits from the AI boom, with its GPUs powering large
00:26 language models like Chad GPT that require massive processing power. The TSMC manufactures chips
00:32 using 3nm Transitioner technology and plans 2nm production in 2025 for more advanced semiconductors.
00:40 For all things money visit Benzinga.com
00:42 Ciao.
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