World’s biggest chipmaker TSMC posts record 2024 revenue as AI boost continues

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World’s biggest chipmaker TSMC posts record 2024 revenue as AI boost continues. 🌐 The company posted December quarter revenue that topped analyst estimates, as the company continues to get a boost from the AI boom. CNBC reports.

🤝 GoogleFund: Google donates $1 million to Trump’s inauguration fund, joining other tech giants. CNBC reports.

🛒 MarketSync: Shares of eBay soared 9% on Wednesday as Meta said it will allow some listings to show up on Facebook Marketplace. CNBC reports.

✈️ AeroAI: Honeywell and NXP Semiconductors will expand their partnership to develop AI-driven technology for aviation and autonomous flying, the companies said on Wednesday. Reuters reports.

🩺 HealthAI: Danish drugmaker Novo Nordisk and U.S. tech firm Valo Health said on Wednesday they were expanding their 2023 agreement to develop new treatments for cardiometabolic diseases using human data and artificial intelligence. Yahoo Finance reports.

💼 MicroFund: Microsoft is offering $1 million to the inauguration fund for President-elect Donald Trump, after kicking in $500,000 for his first term. CNBC reports.

🤝 UnionDrive: The United Auto Workers union is petitioning the National Labor Relations Board to hold an election at a Kentucky battery plant run by a Ford Motor joint venture, the union said in a release Wednesday. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $VMAR: Vision Marine Techs
Total gain: +103.28%

2. $IINN: Inspira Technologies Oxy
Total gain: +54%

3. $FAMI: Farmmi
Total gain: +47.14%

4. $BAER: Bridger Aerospace
Total gain: +45.16%

5. $ZVSA: ZyVersa Therapeutics
Total gain: +39.83%

What Is the CBOE Volatility Index (VIX)?

The CBOE Volatility Index (VIX) is a real-time index that represents the market’s expectations for the relative strength of near-term price changes of the S&P 500 Index (SPX). Because it is derived from the prices of SPX index options with near-term expiration dates, it generates a 30-day forward projection of volatility. Volatility, or how fast prices change, is often seen as a way to gauge market sentiment, and in particular the degree of fear among market participants.

The index is more commonly known by its ticker symbol and is often referred to simply as “the VIX.” It was created by the CBOE Options Exchange and is maintained by CBOE Global Markets. It is an important index in the world of trading and investment because it provides a quantifiable measure of market risk and investors’ sentiments.

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The closing price of the top three market percent gainers trading near or above $3 on January 8.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $CURR: Currenc Group
Total gain: +183.47%
The company announced the launch of its SEAMLESS AI Call Centre Solutions—a suite of AI-powered tools designed to reduce costs, increase efficiency, and enhance customer satisfaction for banks, insurance companies, telecommunications firms, government agencies, cryptocurrency exchanges, and other financial institutions. Benzinga reports.

2. $SANA: Sana Biotechnology
Total gain: +159.39%
The company announced positive results from its first-in-human Type 1 diabetes study. Benzinga reports.

3. $ACCD: Accolade
Total gain: +104.78%
Transcarent and Accolade announced that they have entered into a definitive agreement under which Transcarent will acquire Accolade for $7.03 per share in cash, representing a total equity value of approximately $621 million. Benzinga reports.

Time (ET) / Report / Period

8:30 am - U.S. employment report - December
8:30 am - U.S. unemployment rate - December
8:30 am - U.S. hourly wages - December

"Successful investing requires a disciplined approach, not a reliance on forecasts."

― Burton G. Malkiel

Sourced in:
”A Random Walk Down Wall Street”, by Burton G. Malkiel, published in 2019.