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TSMC said September revenue rose 55% to NT$511.9 billion ($16 billion), lifting Q3 total revenue to NT$1.49 trillion. Despite the AI-related strength, major chip stocks were down in early trading.
U.S. stocks are higher at midday Wednesday, led by technology and software shares, after softer-than-expected inflation data eased fears of another Federal Reserve rate hike. Oil is climbing again, however, and long-dated Treasury yields remain close to multi-decade highs. • United Therapeutics stock is charging ahead