Taiwan Semiconductor Sets Up After 49% Gain; Nears All-Time Highs
TSMCTSMC(US:TSM) Investors·2025-11-07 16:30

Group 1 - Taiwan Semiconductor (TSMC) has rejoined the IBD 50 list of growth stocks, indicating strong market performance and investor interest [2][5] - TSMC's stock broke out of a flat base with a buy point of 248.28 on September 9 and achieved a 20% profit zone ahead of its third-quarter earnings report [2][5] - The company reported strong third-quarter earnings, surpassing market expectations, although its stock experienced a retreat following the announcement [5] Group 2 - Other major technology companies, including Nvidia and Palantir, have also rejoined the IBD 50 growth list, highlighting a broader recovery in the tech sector [2][3] - The stock market has shown volatility, influenced by various factors including comments from former President Trump regarding China, AI developments, and concerns in the banking sector [5]