Analyst Predicts Bitcoin High In Weeks, $90K By Year-End; TSMC Nears $1 Trillion Valuation After 8% Premarket Surge - Top Headlines Today While US Slept
Portfolio Pulse from Akanksha Bakshi
TSMC is nearing a $1 trillion valuation after an 8% premarket surge, driven by strong AI chip demand and positive Q3 earnings. Analysts predict Bitcoin could reach $90K by year-end, despite current sideways movement. Wall Street is expected to open higher, with TSMC's earnings potentially sparking a tech stock rally.
October 17, 2024 | 2:09 pm
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TSMC is approaching a $1 trillion valuation after an 8% premarket surge, driven by strong AI chip demand and better-than-expected Q3 earnings.
TSMC's strong Q3 earnings and AI chip demand have led to an 8% premarket surge, pushing the company close to a $1 trillion valuation. This positive momentum is likely to continue in the short term, boosting investor confidence and potentially leading to further stock price increases.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90