Bull of the Day: Taiwan Semiconductor Manufacturing Company (TSM)

What happened: Zacks named Taiwan Semiconductor Manufacturing Company (TSM) its Bull of the Day, citing a strong beat-and-raise Q3 reported on October 15 and a Zacks Rank #1 (Strong Buy). Key numbers: Q3 earnings grew 58% on 41% higher revenue. Q4 earnings estimate rose about 12% since the release, and the FY27 estimate rose 6%. Why it matters: The content says TSMC's guidance reflects continued strong demand for leading-edge process technologies, including the ramp-up of its 2-nanometer technology, and that upward earnings revisions support the Strong Buy rank. Market: -2.0% today ($2,440.00), +58.5% YTD — as of 06:13 UTC Coverage: 3 outlets in 24h

Zacks named Taiwan Semiconductor Manufacturing Company (TSM) its Bull of the Day, citing a strong beat-and-raise Q3 reported on October 15 and a Zacks Rank #1 (Strong Buy).

The content says TSMC's guidance reflects continued strong demand for leading-edge process technologies, including the ramp-up of its 2-nanometer technology, and that upward earnings revisions support the Strong Buy rank. Market: -2.0% today ($2,440.00), +58.5% YTD — as of 06:13 UTC