Chip stocks climbed today following strong quarterly results from Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM), with the company reporting a record 35% profit increase in Q4, driven by robust demand for AI chips. The company also announced plans to invest $56 billion through 2026 to expand AI chip production.
TSMC’s US-listed shares rose 6.7% to about $349 in the early afternoon on Thursday. This lifted other semiconductor stocks. KLA Corp (NASDAQ:KLAC, XETRA:KLA) surged 8.9%, Applied Materials Inc (NASDAQ:AMAT, XETRA:AP2) was up 8%, ASML Holding NV (NASDAQ:ASML, XETRA:ASME) added 6.2%, Lam Research Corporation (NASDAQ:LRCX, XETRA:LAR) added 5.8, and Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) gained 5.6%.
Boston Scientific Corp (NYSE:BSX, XETRA:BSX) announced a definitive agreement to acquire medical device company Penumbra (NYSE:PEN) in a cash and stock transaction valuing Penumbra at $374 per share, or approximately $14.5 billion in enterprise value.
Penumbra shares rose almost 12% on the news to about $350, while Boston Scientific shares fell 4.5% to about $90.
BlackRock Inc (NYSE:BLK) reported fourth quarter 2025 earnings that exceeded Wall Street expectations and ended the year with a record $14 trillion in assets under management, sending its shares up almost 5% on Thursday morning.
The asset manager posted Q4 revenue of $7.01 billion, beating the consensus estimate of $6.75 billion.
Goldman Sachs Group Inc (NYSE:GS, XETRA:GOS) on Thursday reported fourth quarter and full-year 2025 earnings that exceeded Wall Street expectations, sending its shares almost 4% higher.
For Q4, the bank posted net revenues of $13.45 billion, slightly below some forecasts but driven by stronger-than-expected results in equities trading at $4.31 billion versus $3.67 billion expected, and fixed income, currencies, and commodities (FICC) trading at $3.11 billion versus $2.89 billion expected.
Morgan Stanley (NYSE:MS) shares rose 4% after the firm delivered strong fourth quarter earnings that exceeded Wall Street expectations on both revenue and earnings per share (EPS).
The bank posted net revenues of $17.89 billion, surpassing the consensus estimate of $17.66 billion, marking 10.3% year-over-year growth driven by strength in wealth management.