BUZZ-US chip stocks rise after TSMC's strong Q3 results

Reuters10-17

** U.S.-listed chip stocks gain premarket after Taiwan Semiconductor Manufacturing Co's Q3 profit beat forecasts on AI boom

** TSMC, the world's largest contract chipmaker, and a major Apple and Nvidia supplier, reported a forecast-beating 54% jump in quarterly profit on Thursday, driven by soaring demand for chips used in AI

** Co's robust performance and outlook underscored the continued strong demand for AI and provided a positive push to chip stocks

** U.S.-listed shares of TSMC rise 8%, while shares of AI darling Nvidia advances 2.3%

** Nvidia about $150 bln away from overtaking Apple as the world's most valuable co

** Micron up 2.4%, Broadcom advances 2.5%, and Intel gains 1%

** Shares of Qualcomm rise 1.7%, Super Micro Computer climbs 3.2% and Advanced Micro Devices advances 2.8%

** U.S.-listed shares of British chip designer Arm Holdings

up 3.8%, while Marvel Technology surges 2.3%

** iShares semiconductor ETF up 2.3%, and VanEck Semiconductor ETF advances 2.9%

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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