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Published on 18 Oct 2024 on Benzinga

Chipmakers Rally, Nvidia Smashes Records On TSMC Blowout Earnings, Gold Hits...

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A semiconductor rally pushed the S&P 500 to new all-time highs on Thursday, with strong earnings from Taiwan Semiconductor Manufacturing Co. Ltd. TSM boosting tech sentiment after a weak report from ASML Holding N.V. ASML earlier in the week.

The iShares Semiconductor ETF SOXX jumped 2.3%, leading sector gains. NVIDIA Corp. NVDA hit fresh record highs, reaching $141 per share during the morning session.

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