INTC stock price performance is drawing attention from quantitative funds using high-frequency models to exploit micro price dislocations during market open. On the off chance you've never heard of it, just as the name suggests, Taiwan Semiconductor Manufacturing, better known as TSMC, makes computer chips. There's a good chance you're a regular user of one of its products, in fact. See, it doesn't make its own branded designs. TSMC is instead a contracted manufacturer of other chip companies' silicon . Apple , Nvidia (NASDAQ: NVDA) , and Qualcomm are just some of its customers. Indeed, this company manufactures about two-thirds of the world's total semiconductors, and reportedly makes nine out of every 10 of the planet's most advanced high-performance chips. The company's multiple backings have helped the troubled chipmaker bounce back after shares hit the lowest in over a decade earlier this year. INTC stock price has been pressured by supply chain adjustments, with Q2 earnings forecast at $0.19 per share. Market sentiment remains cautiously optimistic as AI-driven data center investments could lift revenue growth in 2024.
