Chip stocks continued to jump on Thursday. Micron soared over 6% to record high; Navitas up over 8%; SOXL up 4%; Broadcom, SMCI, ARM up over 2%; Nvidia, ASML up over 1%; TSMC turned negative.

TSMC, the world's largest contract chipmaker, posted a 39.1% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record as it benefited from surging demand for semiconductors used in artificial intelligence applications.

Taiwan Semiconductor Manufacturing, whose customers include Nvidia and Apple, saw July-September net profit rise to T$452.3 billion ($14.76 billion).

The profit handily beat a T$417.7 billion LSEG Estimate, which is weighted toward forecasts from analysts who are more consistently accurate.