TSMC Rises over 2% After Strong Q3 Earnings. Other Chip Stocks Also Rally with Navitas up 4%; SOXL up 3%; Nvidia, Broadcom, ASML up over 1%

TigerOct 16, 2025 8:02 AM

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TSMC, the world's largest contract chipmaker, posted a 39.1% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record as it benefited from surging demand for semiconductors used in artificial intelligence applications.

U.S.-listed shares of the company rose 2.4% in premarket trading. Other chip stocks also rallied with Navitas up 4%; SOXL up 3%; Nvidia, Broadcom, ASML up over 1%.

Taiwan Semiconductor Manufacturing, whose customers include Nvidia and Apple, saw July-September net profit rise to T$452.3 billion ($14.76 billion).

The profit handily beat a T$417.7 billion LSEG Estimate, which is weighted toward forecasts from analysts who are more consistently accurate.

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