U.S. Tech Stocks Gain Ground Premarket After TSMC Results
Market Intelligence Analysis
AI-PoweredU.S. tech stocks gained ground in the premarket after Taiwan Semiconductor Manufacturing Co. (TSMC) reported record fourth-quarter revenue, exceeding both its own guidance and analysts' forecasts, indicating a positive outlook for the industry.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Record fourth-quarter revenue for Taiwan Semiconductor Manufacturing Co. gave a shot in the arm to U.S. artificial-intelligence stocks, as the sector rallied in Thursday's premarket. TSMC revenue surpassed both its own guidance and analysts' forecasts, and the results represent "a very positive outlook for the industry", ING analyst Marc Hesselink wrote.
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