Wall Street saw new all-time highs in the stock market at the end of June, largely due to investor optimism regarding a cease-fire deal in the Middle East. The Nasdaq has surged over 33% since April 8, propelled by significant gains from Nvidia and other growth stocks connected to the artificial intelligence sector.
Taiwan Semiconductor Manufacturing Company (TSMC) holds about 60% of the foundry market and 90% of advanced chip manufacturing, significantly influencing AI tech growth. TSMC’s revenue is projected to increase from $90 billion in 2024 to $137 billion by 2026, with a CAGR of 29% expected in FY25. Meanwhile, MYR Group Inc.’s backlog increased 8% YoY to $2.43 billion in Q1, with projected earnings growth soaring by 260% in 2025.
