TSMC jumps on earnings, Lucid plummets on stock offering: Yahoo Finance
Shares of Taiwan Semiconductor Manufacturing Company (TSM) are jumping after reporting better-than-expected Q3 results and raised its full-year 2024 revenue outlook thanks to strong AI demand. The results are giving other chips stocks like Nvidia (NVDA), Broadcom (AVGO), and AMD (AMD) a boost. Another stock on the move is Lucid Group (LCID). It’s shares are sinking after announcing it was going to sell nearly 262.5 million additional shares and will use the cash for “general corporate purposes.” Other trending tickers on Yahoo Finance include NuScale Power (SMR), Oklo (OKLO), and Super Micro Computer (SMCI).
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10:05 a.m. ET Mark Zandi, Moody's Analytics Chief Economist
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