Communications services shares were up Wednesday as the previous day's risk-off mood dissipated.
Taiwan Semiconductor's planned $100 billion investment in the U.S. is likely driven by geopolitical concerns rather than financial returns, Morningstar analyst Phelix Lee wrote. TSMC has previously said that construction and manufacturing are more expensive in the U.S. Its shares were up Wednesday.
Disney is focused on increasing its Disney+ streaming service's subscribers, profitability and margins, Disney Entertainment Co-Chairman Dana Walden said at the Morgan Stanley Technology, Media & Telecom Conference.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
March 05, 2025 17:18 ET (22:18 GMT)
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