Market Overview - U.S. stock futures rose on Monday following a mixed close on Friday, with major benchmark indices showing positive movement [1] - Investors are reacting to a potential end to the government shutdown and a surprise stimulus proposal from President Trump [1][2] - The Senate held a key vote on a funding bill aimed at ending the 40-day government shutdown [1] Futures Performance - Dow Jones futures increased by 0.42%, S&P 500 by 0.97%, Nasdaq 100 by 1.52%, and Russell 2000 by 1.11% [3] - The SPDR S&P 500 ETF Trust (SPY) rose by 0.98% to $677.52, while Invesco QQQ Trust ETF (QQQ) advanced by 1.52% to $619.02 [3] Stocks in Focus - Occidental Petroleum Corp. (NYSE: OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, rising 0.70% in premarket [5] - Viasat Inc. (NASDAQ: VSAT) jumped 13.21% after posting earnings of 9 cents per share on sales of $1.141 billion for the second quarter [5] - Micron Technology Inc. (NASDAQ: MU) gained 4.48% due to rising prices for next-generation HBM4 memory chips [5] - Nvidia Corp. (NASDAQ: NVDA) increased by 3.23%, leading the Nasdaq and S&P 500 higher [11] - Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) climbed 2.76% with October revenue up 17% year-over-year to $11.99 billion [11] Analyst Insights - Ryan Detrick of Carson Group views government shutdowns as short-term noise, noting that the S&P 500's median return during past shutdowns was only 0.1% [8] - Historical data indicates that the S&P 500 has averaged a gain of 12.3% in the 12 months following the end of a government shutdown, with a 91% success rate in positive market performance [9][10]

Market Overview - U.S. stock futures rose on Monday following a mixed close on Friday, with major benchmark indices showing positive movement [1] - Investors are focused on two significant developments: progress towards ending the government shutdown and a surprise stimulus proposal from President Trump [1][2] - The Senate held a key vote on a funding bill aimed at concluding the 40-day government shutdown [1] Economic Indicators - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.59% [2] - Market expectations indicate a 64.9% likelihood of the Federal Reserve cutting interest rates in December [2] Futures Performance - Dow Jones increased by 0.42%, S&P 500 by 0.97%, Nasdaq 100 by 1.52%, and Russell 2000 by 1.11% [3] - The SPDR S&P 500 ETF Trust (SPY) rose 0.98% to $677.52, and Invesco QQQ Trust ETF (QQQ) advanced 1.52% to $619.02 in premarket trading [3] Company Highlights - Occidental Petroleum Corp. (NYSE: OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, rising 0.70% in premarket [5] - Viasat Inc. (NASDAQ: VSAT) jumped 13.21% after posting earnings of 9 cents per share on sales of $1.141 billion for the second quarter [5] - Micron Technology Inc. (NASDAQ: MU) gained 4.48% due to rising prices for next-generation HBM4 memory chips [5] - Nvidia Corp. (NASDAQ: NVDA) increased by 3.23%, leading the Nasdaq and S&P 500 higher [11] - Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) climbed 2.76% with October revenue up 17% year-over-year to $11.99 billion [11] Analyst Insights - Ryan Detrick of Carson Group views government shutdowns as short-term noise, noting that the S&P 500's median return during past shutdowns was only 0.1% [8] - Historically, the S&P 500 has averaged a gain of 12.3% in the 12 months following the end of a government shutdown, with a 91% success rate in positive market performance post-reopening [9][10]

Group 1 - Major stock index futures are up, with Dow futures rising by 0.44%, S&P 500 futures increasing by 1.00%, and Nasdaq futures gaining 1.56% [1] - Prominent tech stocks are experiencing pre-market gains, with Nvidia and AMD up over 3%, Oracle and TSMC rising more than 2.5%, and Intel increasing nearly 2% [1] - Notable Chinese concept stocks are also up in pre-market trading, with Xpeng Motors rising over 5.5%, Li Auto and NIO increasing nearly 2%, and NetEase and Pinduoduo gaining over 1.5% and 1.3% respectively [1] Group 2 - WeRide has received the first city-level Robotaxi operating license outside the U.S., allowing for fully autonomous operations in Abu Dhabi, marking a significant milestone in the Middle East [1] - Pfizer has successfully acquired Metsera for $10 billion, a biotech company developing a monthly-administered weight loss drug, positioning itself competitively against Novo Nordisk and Eli Lilly's weekly-administered products [1][2] - Rumble is set to acquire German AI company Northern Data, which will expand Rumble's cloud business and accelerate its international growth strategy [2] - Robinhood plans to launch a new fund allowing retail investors to invest in private AI companies, managed by its subsidiary Robinhood Ventures, focusing on a concentrated portfolio of top private firms [2] - UBS strategists predict the S&P 500 index will reach 7500 points by 2026, representing an 11% increase, driven by approximately 14% earnings growth, with nearly half coming from tech companies [2]

Core Insights - TSMC reported its slowest pace of monthly sales growth since February 2024 [1] Company Summary - TSMC's sales growth has significantly slowed, indicating potential challenges in demand or market conditions [1]

Group 1 - Bexil Investment Trust (OTCPK:BXSY) is identified as a closed-end fund trading at a significant and consistent discount [2] - The fund is part of a managed portfolio strategy targeting safe yields of approximately 8% [2] - The investment group CEF/ETF Income Laboratory provides expert-level research and actionable recommendations for income and arbitrage strategies in CEFs and ETFs [2] Group 2 - The majority of holdings in the managed portfolios are monthly-payers, which aids in faster compounding and smoother income streams [2] - There is a potential for initiating a long position in BXSY within the next 72 hours [4]

Core Insights - TSMC's stock rose by 3% to $295.09 ahead of market opening, reflecting positive market sentiment following its revenue announcement [1] - TSMC reported October revenue of NT$367.47 billion, representing a year-on-year increase of 16.9% and a month-on-month increase of 11% [1] - Cumulatively, TSMC's revenue for January to October 2025 reached NT$3,130.44 billion, showing a year-on-year growth of 33.8% [1] Company Developments - NVIDIA's CEO Jensen Huang attended TSMC's annual sports event, highlighting the strong demand for AI and the Blackwell platform [1] - Huang indicated that the demand for Blackwell is growing monthly, prompting NVIDIA to request an increase in chip supply from TSMC [1] - TSMC's CEO C.C. Wei confirmed receipt of NVIDIA's request for production expansion, but details regarding the quantity requested remain confidential [1]

Core Insights - TSMC reported record revenue for October 2025, with sales reaching NT$367.47 billion, marking an 11.0% increase from September and a 16.9% increase year-over-year, setting a new monthly and annual record [1] - Cumulative sales from January to October reached NT$3.13 trillion, a 33.8% increase compared to the same period in 2024, also a record high [2] - The company's performance is driven by advancements in process technology and increased orders from key clients, alongside long-term benefits from global AI computing demand [3] Revenue Trends - Despite the strong performance, TSMC's monthly sales growth is showing signs of slowing down, with a year-over-year growth of 31.4% in September [4] - TSMC's stock has risen over 46% this year, although recent global market concerns have put pressure on tech stocks [5] Future Outlook - TSMC's CEO emphasized that both revenue and profit are expected to reach record highs this year and in the future, with a focus on the continuation of 3nm expansion and advanced packaging orders [6] - For Q4, TSMC projects sales between $32.2 billion and $33.4 billion, with a gross margin forecast of 59% to 61% [11] Market Position - TSMC's market share in the pure foundry market has increased from 63% in Q1 2024 to 71% in Q2 2025, driven by enhanced 3nm capacity and high utilization of AI GPUs [9] - Advanced technologies (7nm and above) account for 74% of TSMC's total wafer revenue, highlighting the company's strength in advanced processes [9] Sector Contributions - The recovery in consumer electronics and automotive chip markets is also supporting TSMC's revenue growth, with significant orders from Apple and Qualcomm [13] - In the automotive sector, TSMC has seen nearly a 20% year-over-year increase in orders for specialized 28nm/16nm chips for autonomous driving and AI applications [14] Expansion Plans - TSMC is actively expanding its overseas presence, with the construction of a second wafer fab in Japan and plans to accelerate capacity expansion at its Arizona facility [15][16]

格隆汇11月10日｜台积电10月销售额为3674.7亿元新台币，同比增长16.9%，为2024年2月以来最低增 速。分析师平均预计，台积电本季度销售额将增长27.4%。台积电收入增长放缓可能是人工智能需求在 市场出现泡沫化倾向后逐步回归理性的又一迹象。不过，台积电股价自年初以来已上涨约37%。随着投 资者对科技行业过高估值日益担忧，全球科技股上周遭遇抛售，多位华尔街CEO警告市场将出现迟来的 调整。"大空头"Michael Burry 旗下对冲基金Scion也披露了对英伟达的看空头寸。但行业高管对AI驱动 的增长仍持乐观态度。 来源：格隆汇APP ...

然而，行业高管却仍对AI驱动的发展前景保持乐观。 Meta(META.US)、谷歌(GOOGL.US)、亚马逊(AMZN.US)和微软(MSFT.US)计划明年合计投入超4000亿 美元用于AI基础设施建设，较2025年增长21%，以抢占新兴技术领域的领先地位。 作为各大企业的主要AI芯片供应商，英伟达首席执行官黄仁勋于上周六表示，其业务"正逐月增强，势 头愈发强劲"。 据了解，在对中国台湾省为期两天的旋风式访问中，黄仁勋与台积电CEO魏哲家会面并要求增加芯片供 应。目前各大芯片设计公司均在争抢这家芯片代工巨头的有限产能。 智通财经APP获悉，台积电(TSM.US)公布的10月营收增速势头呈现放缓态势，这可能是人工智能(AI)需 求随市场泡沫化显现而逐渐降温的又一迹象。 数据显示，台积电10月销售额同比增长16.9%，为2024年2月以来的最低增速。分析师普遍预期，台积 电本季度销售额将增长16%。尽管如此，该公司股价今年年初至今已累计上涨约37%。 由于投资者对科技行业估值过高的担忧日益加剧，全球科技股上周遭遇抛售潮，华尔街多位CEO警告市 场调整早已迫在眉睫。电影《大空头》的原型人物Michael Bur ...

台积电10月份销售额同比增长16.9%，这是自2024年2月以来最慢的增长速度。这一数据低于分析师对台积电当前季度销售额平均增长27.4%的预期。 全球最大的芯片代工商台积电公布，其10月份销售额同比增长16.9%，这是自2024年2月以来最慢的增长速度。这一数据低于分析师对台积电当前季度 销售额平均增长27.4%的预期。 11月10日，台积电公布2025年10月营收数据： | | | | | | | | | (Unit:NT$ million) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Period | October | September | M-o-M Increase | October | Y-o-Y Increase | January to | January to | Y-o-Y Increase | | | 2025 | 2025 | (Decrease) | 2024 | (Decrease) | October | October | (Decrease) | | | | | 0/0 | | % | 2025 ...