Taiwan Semiconductor shares are trading higher after the company reported May revenue, which was up 19.4% from April.
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor (TSM) reported a 19.4% increase in revenue for May compared to April, leading to a rise in its share price.
June 09, 2023 | 2:52 pm
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TSM's May revenue increased by 19.4% compared to April, resulting in a higher share price.
The 19.4% increase in TSM's May revenue compared to April is a significant growth, which has led to a positive impact on its share price. Investors are likely to view this as a strong financial performance, resulting in increased demand for the stock and driving the price higher.
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