TSMC's Strong Earnings Propel Chip Stocks Amid AI Demand Surge
Taiwan Semiconductor Manufacturing Co. reports record profits, boosting market confidence in AI-driven growth.
- TSMC reported a 54% year-over-year increase in third-quarter net profit, driven by robust demand for AI chips.
- The company's strong performance contrasts with ASML's recent downbeat outlook, restoring investor faith in the semiconductor sector.
- U.S.-listed shares of TSMC soared 8% in premarket trading, while Nvidia shares also saw gains.
- TSMC forecasts continued revenue growth in the fourth quarter, fueled by AI and smartphone demand.
- The broader market, including the Dow and Nasdaq, is buoyed by TSMC's results and a favorable earnings season.
Investopedia 
The Register 
Semafor Investopedia 
The Street 
Fortune 
Forbes 
Business Insider 
Al Jazeera 
Benzinga 
Barron's 
CNBC Benzinga 
CNA 
Tom's Hardware Business Insider Benzinga Semafor 
New York Post 
Sherwood News 
The Globe and Mail The Globe and Mail 
Denver Gazette CNBC Fortune Benzinga 
Wirtschaftswoche 
FOCUS online Wirtschaftswoche 
Free Press Journal CNBC 
South China Morning Post 
The Japan Times 
Fast Company Investopedia 
Markets Insider Sherwood News 
Investor's Business Daily CNBC CNA 
