U.S. Stock Market Update | Taiwan Semiconductor Rises Over 1.5%, Continues to Hit Historic Highs, Total Market Value Reaches 1 Trillion U.S. Dollars Again
On Monday, Taiwan Semiconductor rose more than 1.5% after the opening, hitting a new historical high with a total market value once again reaching $1 trillion. As of the time of publication, it fell to 0.73%, trading at $192.21. On the news front, due to surging demand, the market expects TSMC's profit to increase by 40% in the third quarter. According to LSEG SmartEstimate's forecast, TSMC is expected to achieve a net profit of NT$298.2 billion ($9.27 billion) in the quarter ending September 30. In comparison, the net profit for the third quarter of 2023 was NT$211 billion. TSMC will hold a quarterly earnings conference call on Thursday to update its performance outlook for the quarter and the full year, including its capital expenditures for expanding production
According to the Zhitong Finance and Economics APP, on Monday, Taiwan Semiconductor (TSM.US) rose by over 1.5% after the opening, hitting a new historical high, with a total market value once again reaching 1 trillion US dollars. As of the time of publication, it has fallen by 0.73% to $192.21. In terms of news, due to surging demand, the market expects Taiwan Semiconductor's profit to increase by 40% in the third quarter. According to LSEG SmartEstimate's forecast, Taiwan Semiconductor is expected to achieve a net profit of NT$298.2 billion (USD 9.27 billion) in the quarter ending September 30. In comparison, the net profit for the third quarter of 2023 was NT$211 billion. Taiwan Semiconductor will hold a quarterly earnings conference call on Thursday to update its performance outlook for the quarter and the full year, including its capital expenditures for expanding production