U.S. Stocks Soar as TSMC Earnings Ignite Tech Rally

Wall Street catches fire as semiconductor giant delivers blockbuster results

The Earnings Engine

TSMC's explosive quarterly numbers sent shockwaves through global markets, proving once again that chips remain the lifeblood of modern finance. The Taiwanese semiconductor behemoth smashed expectations with numbers that would make even the most cynical trader crack a smile.

Tech Sector Domination

Nasdaq futures surged as investors piled into semiconductor stocks, betting that the AI revolution has legs. TSMC's performance suggests the digital transformation isn't slowing down—it's accelerating. Meanwhile, traditional sectors watched from the sidelines, wondering when their turn will come.

The Bigger Picture

This isn't just about one company's earnings beat. It's about the fundamental shift toward digital infrastructure that powers everything from your smartphone to global financial systems. Funny how the market still treats tech as 'disruptive' when it's clearly become the establishment.

As always, the smart money follows the silicon—while everyone else just follows the smart money.

TSMC earnings boosts U.S. stocks

U.S. stocks moved higher as investors continued to react positively to the latest corporate earnings reports. Notably, major banks have reported earnings beats this week, lifting the stock market.

After JPMorgan Chase, Goldman Sachs, Wells Fargo, Citigroup, and Bank of America reported positive results, earnings from Charles Schwab, BNY, and U.S. Bancorp added to the bullish outlook.

Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, said that its profits surged 39% year over year in Q3. TSMC also raised its 2025 revenue outlook, noting annual sales growth above 30%. Nvidia and Broadcom’s shares rose amid TSMC’s 2025 revenue guidance to bolster the Nasdaq, while Salesforce’s shares gained 6% to boost the blue-chip Dow Jones index.

Gold hits new highs, Bitcoin little changed

President Donald TRUMP confirmed on Wednesday that the U.S.-China trade war remained alive, stoking fresh jitters.

Trump also commented on the continuing government shutdown, with no reopening in sight. Investors are likely viewing this as a potential headwind in coming weeks, although anticipation around interest rate cuts keeps overall sentiment bullish.

As U.S. stocks looked to strengthen further, Gold gained 1.3% to reach $4,260 per ounce.

As U.S. stocks looked to strengthen further, gold gained 1.3% to reach $4,260 per ounce.

Meanwhile, Bitcoin (BTC) is holding near $111,000 after bouncing off last week’s plunge to under $105,000. However, sell-off pressure across crypto remains and a dip under $110,000 is likely.