RTTNews·2025-10-16 15:10Company News - Taiwan Semiconductor (TSM) reported a larger than expected surge in third quarter profits driven by strong AI chip demand and raised its full-year revenue growth forecast [3] - Nvidia (NVDA) shares increased by 1.5 percent following Taiwan Semiconductor's earnings report, while Broadcom (AVGO) shares rose by 2.5 percent [3] - Micron Technology (MU) shares spiked by 6.5 percent after UBS raised its price target from $225 to $245 per share, citing potential benefits from a memory chip shortage [4] - Salesforce (CRM) shares surged by 4.5 percent after the company forecasted stronger than expected revenue of over $60 billion by 2030 [4] - Travelers (TRV) shares fell by 2.9 percent after reporting weaker than expected third quarter revenues, which limited the upside for the Dow [5] Sector News - Gold stocks continued their recent rally, with the NYSE Gold Bugs Index jumping by 3.3 percent to a new record intraday high [6] - The NYSE Arca Biotechnology Index posted a 1.6 percent gain, indicating significant strength in biotechnology stocks [6] - Transportation and semiconductor stocks showed notable strength, while oil service and banking stocks experienced some weakness [6]