2024-07-05 16:59:37 ET
Shares of Taiwan Semiconductor (NYSE: TSM) , also known as TSMC, climbed 15.4% in June, according to data provided by S&P Global Market Intelligence . The stock climbed thanks to impressive monthly sales data and bullish news from other companies in the semiconductor industry .
TSMC is one of the few publicly traded companies that provides monthly financial data. On June 7, the company reported $7.3 billion of May revenue. That was a 2.7% decrease from April, but it still represented 30% growth over the prior year. It was the third-highest monthly sales figure in the company's history.
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Why Did Taiwan Semiconductor Stock Rise 15% Last Month?