BUZZ-US chip stocks gain premarket after TSMC's strong results
Applied Materials, Inc. AMAT | 348.47 | -1.51% |
NVIDIA Corporation NVDA | 177.39 | +0.93% |
Broadcom Limited AVGO | 314.55 | +0.34% |
Micron Technology, Inc. MU | 366.24 | -0.44% |
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR TSM | 339.04 | -0.72% |
** Shares of U.S. chip stocks gain premarket after strong results and guidance from TSMC 2330.TW
** The Taiwanese chipmaker reports a 35% profit jump in Q4 and forecasts capital spending of $52-$56 billion in 2026
** U.S.-listed shares of TSMC TSM.N jump 3.8% in premarket trading
** Nvidia NVDA.O up 0.9%, Advanced Micro Devices AMD.O and Broadcom AVGO.O rise about 1.2%
** Marvell Technology MRVL.O up 1.3% while Micron Technology MU.O rises 2.5%
** U.S.-listed shares of Arm Holdings O9Ty.F, ARM.O up 1.5%
** Shares of chip-making equipment companies also jump; Lam Research LRCX.O up 5.2%, Applied Materials AMAT.O rise 5.4%
** iShares Semiconductor ETF SOXX.O gains 2.5%
** European semiconductor stocks also rise, with ASML ASML.AS surging to fresh all-time high
(Reporting by Joel Jose in Bengaluru)
((mail to: Joeljose@thomsonreuters.com))