What Taiwan Semi’s blowout quarter means for these 2 portfolio chipstocks
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. The U.S. stock market pushed modestly higher Thursday, buoyed by a strong revenue forecast from Taiwan Semi , which shifted Wall Street’s focus from escalating trade tensions with China. President Donald Trump threatened the world’s second-largest economy Tuesday with a cooking oil trade ban . This follows Trump’s threat last Friday of an extra 100% traffic on China — in retaliation for China putting export restrictions on rare earths, which are key elements in the modern-day manufacturing of everything from iPhones to missiles. Jim Cramer also mentioned our intention to exit Abbott , and our trade alert went out about an hour after the meeting concluded. 2. Chip designers Nvidia and Broadcom traded higher Thursday on the aforementioned quarterly earnings report from Taiwan Semi (TSMC), the world’s largest manufacturer of advanced chips. TSMC posted a roughly 39% increase in profits during the third quarter compared to the year prior, and hiked its 2025 revenue growth forecast. During the conference call, TSMC CEO C.C. Wei said the firm’s “conviction in the AI mega trend is strengthening.” The report bodes well for portfolio names Nvidia and Broadcom, as it is a positive signal for demand in AI chips and the semiconductor industry broadly. TSMC is a primary producer of Nvidia and Broadcom chips. 3. Other portfolio gainers on Thursday include Starbucks and Salesforce. Shares of the coffee giant jumped nearly 2% after Jim reported that the company’s China business is worth more than previously expected. Meanwhile, Salesforce stock climbed over 4% after a bullish analyst day at Dreamforce, the company’s annual conference. We’ll have full analyses on both of these headlines out later Thursday. (Jim Cramer’s Charitable Trust is long NVDA, AVGO, CRM, SBUX. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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