On November 11, Taiwan Semiconductor Manufacturing rose 3.96% in Pre-Market Trading, with the stock trading around $396.48 and turnover at $5.684 billion.
The move was supported by strong October revenue growth and board-approved AI-related investments alongside a large capital budget for long-term expansion.
October consolidated revenue reached TWD 586.89 billion, up 14.7% month over month and 59.7% year over year, while revenue for the first 10 months totaled TWD 4.4856 trillion, up 43.3% from a year earlier, indicating continued strength in AI-linked demand. Separately, the board approved investments of up to $500 million each in Anthropic and OpenAI, and also approved a capital budget of no more than $40.9 billion for long-term capacity expansion. Together, these developments reinforced expectations for Taiwan Semiconductor Manufacturing's position in the AI supply chain and improved visibility on medium- to long-term demand.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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