
Tech Earnings Propel Global Stocks Higher
Global stock markets advanced after Taiwan Semiconductor Manufacturing Co. issued a strong forecast, boosting tech shares and shifting focus to the AI investment boom.
#Stock Market#Technology Stocks#TSMC
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Global stock markets advanced after Taiwan Semiconductor Manufacturing Co. issued a strong forecast, boosting tech shares and shifting focus to the AI investment boom.

Taiwan Semiconductor Manufacturing Company (TSMC) reported September sales that beat forecasts, signaling continued strong demand for AI chips from clients like Nvidia and Broadcom.

TSMC is expanding its investment in Arizona to over $65 billion to build three advanced semiconductor fabs, supported by $6.6 billion in U.S. CHIPS Act grants.

Taiwan Semiconductor Manufacturing Company (TSMC) shares rose after Taiwan's government rejected a US proposal to require a 50-50 split in chip sourcing.