"The Vanguard S&P 500 ETF ( NYSEMKT: VOO) opened closed lower for a second straight day Wednesday, down 0.5%, but on Thursday the dam finally broke. Shares of the ETF opened up 0.6% after an earnings report from Taiwan Semiconductor Manufacturing Company ( NYSE: TSM) confirmed that the AI revolution is alive and well. TSMC stock reported profits up 35% year over year on AI chip demand, with 20% sales growth."
"Goldman beat by a powerful $2.39 per share, reporting Q4 profit of $14.01 per share on revenue of $13.5 billion. This was, however, $1 billion less than the $14.5 billion analysts had forecast the bank would produce. Morgan Stanley did even better, beating on both top and bottom lines. The investment bank beat estimates by $0.27, reporting a Q4 profit of $2.68 on $17.9 billion in quarterly revenue."
The Vanguard S&P 500 ETF fell 0.5% Wednesday then opened 0.6% higher Thursday after strong semiconductor earnings signaled robust AI demand. Taiwan Semiconductor Manufacturing posted profits up 35% year over year and 20% sales growth, earning $16 billion on $33.7 billion in sales with a near-50% net profit margin, prompting a roughly 4–5% stock jump. Investment banks showed mixed results: Goldman Sachs beat EPS significantly but missed revenue forecasts by about $1 billion, while Morgan Stanley beat both earnings and revenue estimates, sending its shares higher than Goldman Sachs early trading.
Read at 24/7 Wall St.
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