Benzinga·2025-10-16 17:10Group 1: Taiwan Semiconductor Manufacturing Company (TSMC) - TSMC reported revenues of $33.1 billion, exceeding the consensus estimate of $32.07 billion, with a year-over-year increase of 40.1% [10] - In Q3, advanced semiconductors (7 nanometers or less) accounted for 74% of total wafer revenue [10] - TSMC's guidance for Q4 revenues is between $32.3 billion and $33.4 billion, compared to the consensus of $31.55 billion [10] - TSMC manufactures AI chips for NVIDIA and AMD, reinforcing the strength of the AI trade [10] Group 2: Market Trends and Investor Behavior - There is aggressive buying in AI stocks and overall stock market, driven by optimism regarding U.S.-China trade relations [10] - TSM ADRs in the U.S. trade at a 26% premium compared to shares in Taiwan, indicating exuberance among U.S. investors [10] - The "momo crowd" is heavily investing in lithium stocks like Lithium Americas Corp and American Battery Technology Co, despite misconceptions about lithium supply [10] Group 3: Economic Indicators and Market Conditions - The Producer Price Index (PPI), retail sales, and initial jobless claims data will not be released due to the government shutdown [10] - The article suggests maintaining long-term positions while considering protective measures such as cash or Treasury bills [10]