BUZZ-US chip stocks gain premarket after TSMC's strong results

Reuters
01/15
BUZZ-US chip stocks gain premarket after TSMC's strong results

** Shares of U.S. chip stocks gain premarket after strong results and guidance from TSMC 2330.TW ** The Taiwanese chipmaker reports a 35% profit jump in Q4 and forecasts capital spending of $52-$56 billion in 2026

** U.S.-listed shares of TSMC TSM.N jump 3.8% in premarket trading

** Nvidia NVDA.O up 0.9%, Advanced Micro Devices AMD.O and Broadcom AVGO.O rise about 1.2%

** Marvell Technology MRVL.O up 1.3% while Micron Technology MU.O rises 2.5%

** U.S.-listed shares of Arm Holdings O9Ty.F, ARM.O up 1.5%

** Shares of chip-making equipment companies also jump; Lam Research LRCX.O up 5.2%, Applied Materials AMAT.O rise 5.4%** iShares Semiconductor ETF SOXX.O gains 2.5%** European semiconductor stocks also rise, with ASML ASML.AS surging to fresh all-time high

(Reporting by Joel Jose in Bengaluru)

((mail to: Joeljose@thomsonreuters.com))

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