Changes in US stocks | Taiwan Semiconductor Manufacturing Company (TSM.US) rose more than 1.5% and continued to reach a record high, and its total market capitalization once again hit 1 trillion US dollars

The Zhitong Finance App learned that on Monday, Taiwan Semiconductor Manufacturing Company (TSM.US) rose more than 1.5% after opening, continuing to reach record highs, and its total market capitalization once again hit 1 trillion US dollars. At press time, it had fallen back to 0.73% to $192.21. According to the news, the market expects TSMC's profit to increase 40% in the third quarter due to soaring demand. According to LSEG SmartTest's forecast, TSMC expects to achieve net profit of NT$298.2 billion ($9.27 billion) for the quarter ending September 30. In comparison, net profit for the third quarter of 2023 was NT$221 billion. TSMC will hold a quarterly earnings conference call on Thursday to update its outlook for the current quarter and full year, including its capital expenditure to expand production.