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US Stock Movement | TSMC rises over 2% in pre-market trading, February revenue up 22.2% year-on-year, setting a new record for the same period

US Stock Movement | TSMC rises over 2% in pre-market trading, February revenue up 22.2% year-on-year, setting a new record for the same period

格隆汇格隆汇2026/03/11 08:35
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格隆汇 March 11|TSMC (TSM.US) rose more than 2% in pre-market trading, quoted at $354.45. According to the news, TSMC announced that its consolidated revenue for February 2026 was approximately NT$317.66 billions, an increase of 22.2% compared to the same period last year, setting a new record for the same period in history. The cumulative revenue for January-February was about NT$718.91 billions, up 29.9% year-on-year, also the best ever for the period. A research report from a certain exchange pointed out that TSMC's guidance for the first quarter of this year remains unchanged, and sales in the first two months have already reached 65% of the midpoint of the guidance. The bank maintains its judgment that full-year performance will be concentrated in the second half, mainly driven by the ramp-up of multiple GPU/ASIC chip projects and the significant same-generation average selling price premium brought by the N2 process, which will contribute revenue for the first time. The bank noted that Nvidia has replaced Apple as the largest customer, and Nvidia's order commitment of $95.2 billions for fiscal year 2027 has greatly improved order visibility. The bank raised its target price from $348.7 to $505, with a "Buy" rating.
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