US stocks rose on Thursday following TSMC’s strong earnings, boosting AI demand hopes amid US-China trade war fears stoked by Trump. Nasdaq rose almost 0.5%, S&P 500 gained 0.3%, Dow Jones up 0.2%. TSMC raised 2025 revenue growth outlook for the second time this year. Nvidia, Broadcom, Micron, and other AI-related stocks surged.
TSMC’s earnings beat estimates, with nearly 40% surge in quarterly profit, reaching a record. Nvidia, Broadcom, and other chip stocks rose as confidence in AI demand increased. TSMC raised full-year 2025 revenue growth outlook, with increased capital expenditure focused on AI chipmaking. Chair C.C. Wei expressed strong conviction in AI megatrend.
Hims & Hers stock dipped after a 16% rally on Wednesday. The telehealth provider announced new menopause treatments to expand hormone replacement therapies. Only a third of OB/GYN residencies offer menopause training, while around 1.3 million women in the US experience menopause each year. Market expansion strategy aims to scale in menopause treatment sector. The US hormone therapy market is expected to grow from $11 billion in 2024 to $19.22 billion by 2033. OpenAI has two types of dealmaking strategies. Economic data is affected by the government shutdown. Companies like Taiwan Semiconductor Manufacturing Company, Charles Schwab, and others are set to release earnings.
Nvidia stock rose 1% after TSMC’s positive earnings report. HPE stock fell 8% due to below-expectations guidance. J.B. Hunt Transport stock rose 13% after beating Wall Street estimates. Salesforce stock rose 6% after forecasting revenue above $60 billion by 2030.
TSMC reported a nearly 40% surge in profit fueled by demand for AI chips. Nestlé shares climbed after announcing job cuts and a rise in quarterly sales. Nestlé plans to cut 16,000 jobs and raise cost savings targets. CEO Philipp Navratil emphasized the need for Nestlé to adapt to a changing world. Nestle plans to reduce headcount amid a 4.3% rise in third-quarter sales driven by higher prices and improved real internal growth. The company faces tough decisions as it navigates through challenging times.
Gold prices hit a new record as US-China trade tensions escalate. Investors turn to gold as a safe haven asset in times of uncertainty. Bloomberg reports on the latest developments in the precious metal market. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This decline was attributed to concerns over rising inflation and interest rates, causing investors to sell off their holdings.
2. A new study has found that over 50% of Americans are now fully vaccinated against COVID-19. This milestone is seen as a significant step towards achieving herd immunity and controlling the spread of the virus.
3. The latest unemployment numbers show a decrease in jobless claims, with only 400,000 new claims filed last week. This is the lowest number of claims since the start of the pandemic, signaling a positive trend for the labor market.
4. In international news, tensions are rising between Russia and Ukraine as Russian troops continue to build up near the Ukrainian border. The US and NATO have expressed concern over the situation, calling for a peaceful resolution to the conflict.
Read more at Yahoo Finance: Dow, S&P 500, Nasdaq rise as TSMC’s stellar earnings eclipse trade-war jitters