Buy Taiwan Semiconductor-Heavy ETFs on Upbeat Earnings

Taiwan Semiconductor Manufacturing Company (TSM) reported a 54% hike in net profit on Thursday, as global chipmakers continue to benefit from demand boosted by AI applications. The company's net income was 352.3 billion Taiwanese dollars ($10.1 billion) over the July-September quarter, surpassing an LSEG estimate of $300.2 billion Taiwanese dollars cited by Reuters, as quoted on CNBC. The stock gained 9.8% on Oct. 17, 2024. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The firm's t ...