TSM - Fund Manager Says Key Apple Supplier 'On The Verge Of Becoming 8th Company To Reach $1T Market Cap' After Revenues Beat Expectations | Benzinga
Influential fund manager Gary Black highlighted that Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), The chipmaker, whose products are used by companies such as Apple Inc. (NASDAQ:AAPL) and Nvidia Corp. (NASDAQ:NVDA) is on the brink of becoming the eighth company to reach a $1 trillion market cap. This comes after the company’s second-quarter revenues exceeded expectations.
What Happened: Black shared his insights on X, formerly Twitter, “In today's pre-mkt summary for Subscribers: 2Q revenues blew past expectations, and is on the verge of becoming 8th company to reach $1T market cap.”