TSMC stock inches up on strong Q3 earnings but tariff risk warrants caution

Core Insights - Taiwan Semiconductor Manufacturing Co. (TSMC) reported strong fiscal Q3 results, surpassing analysts' expectations for both revenue and earnings [1] - The company's management attributed the positive performance to robust demand in various sectors, particularly in high-performance computing and automotive applications [1] Financial Performance - TSMC's revenue for the fiscal Q3 reached a record high, reflecting a significant year-over-year increase [1] - Earnings per share also exceeded forecasts, indicating strong profitability and operational efficiency [1] Market Demand - The demand for semiconductors remains strong, driven by advancements in technology and increased adoption in multiple industries [1] - TSMC's focus on high-performance computing and automotive sectors is expected to continue driving growth in the upcoming quarters [1]