Taiwan Semiconductor Manufacturing Company Limited (TSM) Rose Following Strong Results and Positive Guidance

Market Overview - U.S. equity markets experienced strong gains in Q3 2025, with the S&P 500 Total Return Index rising 8.12% and the Russell 1000 Growth Index returning 10.51% [1] - The RiverPark Large Growth Fund surged, returning 4.73% during the same period [1] - Market leadership was narrow, primarily driven by a few mega-cap tech and consumer companies benefiting from strong AI innovation [1] Sector Performance - Information Technology, Consumer Discretionary, and Communication Services were the leading sectors in performance [1] - Energy and Utilities sectors lagged behind during the quarter [1] Company Focus: Taiwan Semiconductor Manufacturing Company Limited (TSM) - TSM reported a revenue of approximately $32 billion in Q3 2025, driven by strong demand for advanced 3-nanometer and 2-nanometer process technologies [3] - The company achieved gross margins of 59.5% and operating margins of 50.6%, showcasing its efficiency and scale despite industry-wide cost pressures [3] - TSM's stock closed at $282.01 per share on November 17, 2025, with a market capitalization of $1.463 trillion [2] Stock Performance - TSM's one-month return was -4.24%, but it gained 48.68% over the last 52 weeks [2] - In Q3 2025, TSM's revenue increased by 6% sequentially in NT [4] - TSM is ranked 9th among the 30 Most Popular Stocks Among Hedge Funds, with 187 hedge fund portfolios holding its shares at the end of Q2 2025 [4]