TSMC (TSM, Financial) saw its stock rise over 1% in early U.S. trading, reaching a historic high as its market capitalization again approached the $1 trillion mark. The anticipation is building ahead of the company's announcement of its latest Q3 earnings soon.
According to market expectations, TSMC's second-quarter revenue is projected to reach 750.211 billion New Taiwan Dollars, representing a 37.22% increase year over year. Additionally, earnings per share are expected to be 56.8 New Taiwan Dollars, showing a 36.4% annual growth.