TSMC shares are trading higher after the company reported a 34.8% month-over-month increase in net revenue for October.
Portfolio Pulse from Benzinga Newsdesk
Shares of TSMC (TSM) are up following a report of a significant 34.8% month-over-month increase in net revenue for October.
November 10, 2023 | 6:17 pm
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TSMC reported a substantial 34.8% increase in net revenue for October, which has led to a rise in its share price.
The reported increase in net revenue is a strong indicator of growth and financial health, which typically leads to positive investor sentiment and can drive the stock price up in the short term.
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