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Taiwan Semiconductor Reports All Systems Go With October Sales
Investorsยท 2025-11-10 14:17
Group 1 - Taiwan Semiconductor Manufacturing Company (TSMC) reported October sales that increased by 16.9% year over year in local currency, exceeding expectations [2] - TSMC raised its full-year revenue growth forecast to the mid-30% range, up from the approximately 30% growth forecast provided in its second-quarter results [2] - The positive sales performance aligns with trends in various industries, particularly the increased production of AI processors for Nvidia and smartphone processors for Apple, as noted by Wedbush Securities analyst Matt Bryson [3] Group 2 - TSMC stock rose more than 2% in premarket trading, reaching 293.85 [3] - TSMC is featured on multiple IBD lists, including IBD 50, Stock Spotlight, Global Leaders, and Tech Leaders [4]