TSM

Dow Jones futures fell slightly early Thursday overnight, along with S&P 500 futures and Nasdaq futures. Oil prices rose somewhat. Marvell Technology rose slightly on earnings while Snowflake surged. The Fed's favorite inflation gauge, the core PCE price index, is due before the open.

Philippe Laffont is one of the smartest growth-stock investors in the market. His hedge fund Coatue Management oversees a $33 billion public equity portfolio with even more capital held in private companies. Laffont often shifts his portfolio in response to macro factors, and last quarter saw a significant tilt. He sold off shares in eight of the fund's 10 largest positions while adding to just two of them. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » There's a very notable commonality between the two positions Laffont added to last quarter. It's also echoed in a couple of other portfolio additions. At the start of the year, Laffont's top 10 holdings were as follows: Taiwan Semiconductor Manufacturing (NYSE: TSM) Microsoft Meta Platforms Amazon GE Vernova Alphabet Constellation Energy Broadcom Nvidia Lam Research (NASDAQ: LRCX) The only two on the list he added to were Taiwan Semiconductor (TSMC) and Lam Research. TSMC is the largest contract semiconductor manufacturer in the world, and Lam Research is a leading supplier of wafer fabrication equipment. The trading activity at Coatue shows a clear preference to invest further up the AI computing supply chain. The huge spending by hyperscalers like Microsoft, Meta Platforms, Amazon, and Alphabet is transferring significant cash flow from cloud computing companies to manufacturing companies. That creates significant uncertainty for the cloud computing giants betting on the future, but it creates a tremendous opportunity for companies like TSMC and Lam Research. They've been able to raise pricing as demand soars. The same is true of two new additions to Coatue's portfolio last quarter: ASML Holding and Micron Technology. Microsoft recently shared expectations that its capital expenditures (capex) will climb to $190 billion for the calendar year, with a marked acceleration in the second half. The other hyperscalers have also shared growing budgets in capex. Laffont expects budgets to keep growing year after year as a result of AI innovations such as agentic capabilities. That could keep their earnings multiples lower for an extended period. Meanwhile, companies like TSMC and Lam Research are seeing excellent revenue growth and margin expansi...

Steve Mandel ranks among the list of the richest hedge fund managers in the world. While Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) remains the billionaire’s largest position, Carvana Co. (NYSE:CVNA) ranks 3rd on the list of Steve Mandel’s top holdings with a 5.52% portfolio share. On May 6, Needham reiterated Carvana Co. (NYSE:CVNA) as its top pick and Conviction List stock, noting increased operational efficiency at the company’s testing and restoration centers. The firm states that worries concerning IRC efficiency have essentially been addressed. According to the firm, Carvana Co. (NYSE:CVNA) returned to the transformation of Adesa sites. Needham’s hiring data also shows an increase in activity, indicating confidence in a return to previous efficiency standards. Meanwhile, UBS boosted Carvana Co. (NYSE:CVNA)’s price target to $520 from $485, reiterating a Buy rating on the stock. The company reported a strong quarterly performance of $672 million in EBITDA, which was 4% higher than consensus estimates. It also achieved higher-than-expected retail gross profit per unit. UBS believes second-quarter forecasts will need to be raised due to stronger sequential unit growth and improved profitability. The firm stated that the findings should alleviate short-term investor worries. Carvana Co. (NYSE:CVNA) is an online retailer of used cars based in Tempe, Arizona. Renowned for its multi-story automobile vending machines, the firm is the fastest-growing online used car dealer in the United States. While we acknowledge the potential of CVNA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.

On May 7, 2026, Glynn Capital Management disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold all 456,805 shares of Klaviyo (NYSE:KVYO) in the first quarter, an estimated $9.80 million transaction based on quarterly average pricing. According to an SEC filing dated May 7, 2026, Glynn Capital Management sold all 456,805 shares of Klaviyo during the first quarter. The estimated transaction value was $9.80 million, based on the average share price from January through March. The fund’s quarter-end position in Klaviyo dropped to zero, with the value decline of $14.83 million reflecting both the share sale and stock price movement. Glynn Capital Management LLC sold out of Klaviyo in the quarter, leaving the position at zero and removing it from reportable 13F assets (n/a % of AUM post-trade) Top holdings after the filing: NYSE: OSCR: $29.7 million NYSE: TSM: $21.1 million NYSE: VRT: $17.9 million NYSE: NU: $12.9 million NYSE: TOST: $11.4 million As of May 7, 2026, shares of Klaviyo were priced at $15.77, down 53% over the past year and well underperforming the S&P 500’s roughly 30% gain in the same period. Klaviyo offers a cloud-based marketing automation platform, including email, SMS, mobile push notifications, product reviews, and a customer data platform. The firm generates revenue primarily through subscription-based software-as-a-service (SaaS) offerings, enabling businesses to personalize and automate customer communications at scale. It serves individuals, small and medium-sized enterprises, and companies across North America, Western Europe, Canada, the United Kingdom, Australia, and New Zealand. Klaviyo, Inc. provides a scalable SaaS platform focused on marketing automation and customer data management for businesses seeking to optimize digital engagement. The company's strategy centers on enabling personalized, data-driven communications across multiple channels, supporting customer acquisition and retention. Klaviyo's competitive edge lies in its integrated product suite and its ability to serve a broad range of clients, from small enterprises to larger organizations, across several major international markets. Glynn exited the position before Klaviyo’s latest earnings report, and in hindsight, the timing looks pretty sharp given the stock’s brutal 32% collapse after results on May 5, despite what were strong numbers. Reven...

Performance was driven by strong customer growth of 2.2% and weather-normalized sales growth of 7.4%, fueled by the rapid expansion of Arizona's semiconductor and advanced manufacturing sectors. Management attributed significant quarterly earnings benefits to higher transmission revenue and record-breaking heat in March, which offset increased financing costs and depreciation. The company is utilizing machine learning and automation to enhance grid resilience and optimize asset maintenance, specifically targeting wildfire and weather risk mitigation. Strategic positioning is centered on supporting TSMC's multi-fab expansion and a growing supply chain, with 4.5 gigawatts of large-load demand already committed. Operational excellence is being maintained through high reliability and top-tier customer satisfaction rankings, with APS earning the highest national awareness score for customer programs. The company is executing a transition in its generation mix, including the Red Hawk natural gas expansion and evaluating bids for new resources to enter service between 2029 and 2031. Annual sales growth guidance is maintained at 4% to 6% for 2026, with long-term projections of 5% to 7% through 2030 based on committed industrial ramp-ups. The upcoming Integrated Resource Plan (IRP) filing will provide a 10-to-15-year framework for generation and transmission needs, incorporating organic growth and committed high-load factors. Management aims to narrow the regulatory lag to within 50 basis points of the authorized ROE by 2029 through constructive rate case outcomes and formula rate designs. The 'subscription model' for large-load customers is expected to result in filed agreements this year, shifting some of the 20-gigawatt uncommitted queue into the committed category. Capital allocation strategy prioritizes de-risking the equity plan, with $850 million in priced equity already secured to meet needs through 2028. O&M expenses decreased significantly due to lower planned outage costs and a Commission-mandated reduction in energy efficiency programs. The retirement of the Cholla coal plant impacted depreciation, while management is currently studying the site for potential conversion to natural gas generation. Transmission revenue contributed 16 cents per share this quarter, reflecting a step-function increase in recovery from heightened infrastructure investments. Man...

Amkor Technology AMKR shares have declined 6.2% following the release of its first-quarter 2026 results on April 27, 2026, despite the company posting a record revenue beat. The selloff appears to reflect investor caution around near-term material supply constraints in advanced silicon and memory, a less pronounced second-half seasonal uplift in communications following an unseasonably strong first half and the weight of a $2.5–$3 billion capital expenditure cycle that continues to pressure free cash flow visibility. However, on a year-to-date basis, AMKR shares have surged 79.8%, outpacing the Zacks Electronics-Semiconductors industry’s 34% advance and the Zacks Computer & Technology sector’s 10.9% gain over the same period. Among peers, ASE Technology Holding ASX has returned 100.5% year to date, Taiwan Semiconductor Manufacturing TSM has gained 32.2%, and Intel Corporation INTC has surged 158.8%. AMKR's surge reflects growing investor confidence in its advanced packaging capabilities and improving earnings quality. Let’s delve deeper to determine what to do with the stock at current levels. Image Source: Zacks Investment Research AMKR's first-quarter 2026 results mark a meaningful inflection, with growth broad-based across all four end markets, signaling that its diversified packaging platform is firing on multiple cylinders. The communications segment rose 42% year over year on sustained strength across both iOS and Android ecosystems, while computing climbed 19%, driven by surging demand for AI accelerators and data center processors. Automotive and industrial revenues rose 28% year over year, with ADAS and infotainment applications emerging as the primary growth engine within the segment. Consumer revenues grew 4% year over year on broad-based improvement across customers. Beyond top-line strength, AMKR demonstrated meaningful progress on profitability. Gross margin of 14.2% exceeded the high end of guidance, driven by a mix shift toward higher-value advanced packaging programs and focused cost management. Operating income margin improved 360 basis points year over year to 6%, while EBITDA reached $285 million at a margin of 16.9%, reflecting the operating leverage in AMKR's model as factory utilization rose from the low-50s to the low-70s year over year. The Zacks Consensus Estimate for second-quarter 2026 revenues stands at $1.8 billion, up 19.31% ye...

Image source: The Motley Fool. Monday, May 4, 2026 at 12 p.m. ET Chairman, President, and Chief Executive Officer — Theodore N. Geisler Executive Vice President and Chief Financial Officer — Andrew D. Cooper Need a quote from a Motley Fool analyst? Email [email protected] Theodore N. Geisler: Thank you, Amanda, and thank you all for joining us today. We are off to a solid start in 2026, delivering first quarter earnings that support the financial guidance we provided in February. Before Andrew reviews the quarter in more detail, I will highlight several operational, customer, and regulatory developments that underscore the momentum across our business. Arizona’s diverse economy continues to expand at a strong and sustained pace, reinforcing the state’s position as a national leader in semiconductor and advanced manufacturing. We are proud to support TSMC’s accelerated expansion in Arizona and are working closely with the company on the infrastructure needed to power their growth. With its second fab complete, TSMC expects to begin volume production of 3-nanometer chips in the second half of next year. Construction is underway on the company’s third fabrication facility, and TSMC has also begun construction on its fourth fab and first advanced packaging facility, with those facilities expected to come online by 2029. Importantly, the momentum extends well beyond TSMC. Activity across the semiconductor supply chain continues to intensify throughout the region, with key suppliers rapidly establishing and expanding their local footprints to support accelerated production timelines. United Integrated Services Corp, Sunlit Chemicals, and Mournstera have all purchased land in North Phoenix. At the same time, engineering firms, clean room specialists, electromechanical integrators, and equipment suppliers are increasing staffing levels and scaling operations across the Valley. These investments demonstrate strong confidence in Arizona’s economy and reinforce the sustained growth we are seeing across our service territory. Turning to operations. Our focus remains on delivering top-tier reliability, strengthening grid resilience, and investing in the infrastructure and technology needed to serve our customers safely and efficiently. Across the company, we are using automation and advanced analytics to improve decision making and execution. For example, we are applying machi...

Q1 EPS was $0.27 versus a loss of $0.04 a year ago, driven mainly by higher transmission revenue (about $0.16), unusually hot March weather (about $0.13), stronger sales and lower O&M, partly offset by higher interest expense and depreciation. Management highlighted strong Arizona growth tied to semiconductor investment—TSMC is expanding with multiple fabs—and a large customer backlog (roughly 4,500 MW committed and an uncommitted queue just under 20 GW), using a “subscription model” to align big-load contracts with transmission and generation buildout. Regulatory and financing updates: a rate-case hearing begins May 18 and the IRP is due Aug 3 (will include committed but not uncontracted projects), while Pinnacle West says it has completed 2026 equity needs with nearly $850 million of priced equity available and credit ratings/ outlooks stable. Interested in Pinnacle West Capital Corporation? Here are five stocks we like better. Are defensive sectors ready to outshine growth in 2024? Pinnacle West Capital (NYSE:PNW) opened 2026 with first-quarter results that management said were in line with the financial guidance issued in February, supported by higher transmission revenue, weather-driven demand, and continued customer growth in Arizona. Chairman, President, and CEO Ted Geisler said Arizona’s economy continues to expand, led by semiconductor and advanced manufacturing activity. Geisler highlighted Taiwan Semiconductor Manufacturing Co.’s continued buildout in the state, noting that with its second fab complete, TSMC “expects to begin volume production of 3-nanometer chips in the second half of next year.” He added that construction is underway on TSMC’s third fabrication facility, and the company has begun construction on a fourth fab and an advanced packaging facility expected to come online by 2029. → Roblox Stock Slides to New Low as Safety Changes Weigh on Outlook Ready for the Utilities Rebound? Here Are the Best Picks Geisler also said the broader semiconductor supply chain is expanding locally, pointing to United Integrated Services Corp, Sunlit Chemical, and Mornstair purchasing land in North Phoenix, alongside hiring and capacity increases by engineering firms and specialized suppliers. He said those investments “demonstrate strong confidence in Arizona’s economy and reinforce the sustained growth we are seeing across our service territory.” On o...

May 1 (Reuters) - Apple shares jumped 3% in premarket trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show ‌of momentum as it prepares to hand over the reins to a new CEO. Its latest ‌iPhone 17 Pro series and the newly launched low-cost MacBook Neo laptop are both drawing buyers at a time of low overall demand in the consumer electronics industry due to price hikes forced by the memory chip shortage. Even though Apple's margins for the January-March quarter and its fiscal third-quarter forecast were above Wall Street estimates, outgoing CEO Tim Cook warned that higher memory costs would increasingly weigh on the business from June. Limited supply of the ‌advanced processors for iPhone have already ⁠hampered Apple's ability to capitalize on strong demand. The chips are made by Taiwan's TSMC, the leading producer of AI processors. Analysts say Apple's clout with long-time ⁠suppliers could position it better than rivals in securing memory chips but it might have to raise prices later this year. "The key question will be deciding the perfect balance strategically between increasing prices and maintaining profitability or focusing on gaining share by not increasing prices," said Nabila Popal, a senior research director at IDC. "I think ‌Apple will increase prices of the Pro and ProMax in upcoming fall launch, however even if they don't, with the super high-end iPhone fold coming up - which we expect to be well over $2200– will help balance some of the increased costs." RESULTS BODE WELL FOR NEW CEO The results, including a forecast of 14% to 17% sales growth for the current quarter that was above estimates, bode well for the company ‌before hardware chief John Ternus takes over as CEO in September. Cook will stay on as executive chairman. The change comes as Apple looks to close the gap with rivals Microsoft and Alphabet, which have moved faster to roll out AI ‌features and infrastructure. Investors are expected to get more details about its AI plans at it annual software developer conference in June. Some analysts said Apple's decision to no longer aim to bring its net cash - cash minus debt - to a net neutral position may help it manage its financial position ‌better in the AI era. The move gives it greater balance-sheet flexibility, allowing it to absorb higher costs, support share repurchases and...

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 8 Best AI Stocks to Buy According to Billionaire Ken Griffin. On April 16, 2026, CNBC reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and ASML reported solid earnings but saw shares dip, suggesting high market expectations. TSMC’s first-quarter profit jumped by 58%, above expectations and marking a fourth straight record quarter. CEO C.C. Wei cited “extremely robust” AI-driven demand. High-performance computing generated 61% of sales, up from 55% in the previous quarter, with gross margins reaching 66%. Shares fell nearly 3% on Thursday. On the other hand, ASML posted solid results and an improved forecast, but shares declined by as much as 6.5% before closing down about 2.5% lower, weighed down by China sales fears and lofty expectations. CEO Christophe Fouquet said that the potential output of EUVs in 2027 could reach 80 units depending on demand. Jordan Klein of Mizuho told CNBC that investors had already priced in excellent performance, bringing in a “fast-money rotation.” Smartphone revenue fell 11% quarter over quarter due to a memory scarcity. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures and sells integrated circuits and wafer-based semiconductor devices. Its chips are used in personal computers and peripherals, information applications, wired and wireless communications systems, automobiles, and industrial equipment, as well as consumer devices such as cellphones, digital televisions, gaming consoles, and digital cameras. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. Disclosure: None. Follow Insider Monkey on Google News.

IBD's screen for stocks with rising profit estimates holds more than 100 names in Monday's stock market. A few are in bases.

Taiwan Semiconductor Manufacturing Company Limited TSM posted first-quarter 2026 earnings per share of $3.49, which increased 64.6% year over year. The bottom line beat the Zacks Consensus Estimate of $3.31 by 5.44%. TSM posted net revenues of $35.90 billion, which rose 40.6% from the year-ago quarter. The top line surpassed the Zacks Consensus Estimate of $35.50 billion by 1.13%, supported by continued strength in leading-edge process demand and a revenue mix increasingly tilted toward high-performance computing. In the first quarter, high-performance computing remained the largest revenue driver, contributing 61% of net revenues. Smartphone represented 26%, while Internet of Things, automotive, digital consumer electronics and other end markets accounted for 6%, 4%, 1% and 2%, respectively. On a sequential basis, the mix shift favored infrastructure-oriented demand. HPC revenues increased 20% quarter over quarter, while smartphone revenues declined 11%. Management stated continued strong demand for its leading-edge process technologies as the core support for the quarter’s above-guidance revenue outcome. Taiwan Semiconductor Manufacturing Company Ltd. price-consensus-eps-surprise-chart | Taiwan Semiconductor Manufacturing Company Ltd. Quote TSMC’s wafer revenue profile continued to skew toward advanced nodes. In the first quarter of 2026, 3-nanometer technology contributed 25% of total wafer revenues, while 5-nanometer and 7-nanometer accounted for 36% and 13%, respectively. Advanced technologies, defined as 7-nanometer and below, represented 74% of total wafer revenues. Management tied the intensity of demand largely to AI-related workloads. On the latest earnings call, the company highlighted that AI-related demand remained “extremely robust,” noting that increased compute needs are supporting tight conditions for leading-edge silicon and reinforcing a multiyear view of the AI megatrend. Profitability expanded meaningfully in the first quarter. TSM’s gross margin was 66.2%, which expanded 740 basis points (bps) from the year-ago quarter and expanded 390 bps sequentially. TSM’s operating margin of 58.1% expanded 960 bps year over year and 410 bps sequentially. TSM’s net profit margin was 50.5%, which expanded 740 bps year over year and 220 bps sequentially. Management attributed the sequential improvement primarily to cost improvement efforts, a higher ov...