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Stock Record

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business3 months ago

TSMC Hits Record Highs Amid AI Boom and Earnings Surge

Taiwan Semiconductor Manufacturing (TSMC) exceeded Q3 earnings estimates with $2.92 per share on $33.1 billion in sales, driven by strong demand for advanced process technologies and AI chips, leading to a stock surge and record high. The company also provided optimistic guidance for the upcoming quarter, supporting its position as a leading semiconductor supplier for major tech firms.