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TSMC's blowout quarterly results fueled a rally in semiconductor shares.
TSMC predicts robust annual growth and plans to expand U.S. manufacturing capacity.
KEY POINTS
- TSMC's strong results sparked a surge in U.S. semiconductor equipment stocks.
- Financial stocks are under pressure due to a proposed one-year cap on credit card interest rates.
- S&P 400 mid-cap and Russell 2000 small-cap indexes reached new peaks this week.
- Investors are shifting from tech to materials, industrials, real estate, and energy sectors.
COMPANIES
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