TSMC Revenue Jumps 34% in November in Sign of AI Demand

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TSMC Revenue Jumps 34% in November in Sign of AI Demand. 💻️ Taiwan Semiconductor Manufacturing Co.’s sales rose 34% in November, reflecting sustained growth from AI demand despite concerns that data center building will slow. Yahoo Finance reports.

⚡ XiaomiAccelerate: Xiaomi's next EV is the YU7, a Tesla Model Y competitor for the Chinese market. Yahoo Finance reports.

🍫 SweetDeal: Shares of Hershey climbed as much as 15% during Monday morning trading after Bloomberg reported that Mondelez is attempting another takeover of the chocolate company. CNBC reports.

📈 GallagherGain: Gallagher strikes $13.5 billions deal for AssuredPartners to strengthen insurance broker business. Reuters reports.

🔍 ChipCheck: China has opened an antitrust investigation into American chipmaker Nvidia, the world’s largest provider of processors that power artificial intelligence, according to Chinese state media. CNN Business reports.

🎧 AudioEmpathy: Former OpenAI researcher raises $40 million to build more empathetic audio AI. Reuters reports.

⚖️ TikTension: ByteDance, TikTok seek temporary halt to US ban pending Supreme Court review. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $CMRX: Chimerix
Total gain: 117.34%

2. $CPIX: Cumberland
Total gain: 88.70%

3. $PCSA: Processa Pharma
Total gain: 44.80%

4. $CRDF: Cardiff Oncology
Total gain: 28.68%

5. $VRAR: Glimpse Group
Total gain: 22.61%

* Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.

LAST WEEK MARKET RECAP

The U.S. stock market had a strong week from December 2 to December 6, 2024, continuing its upward momentum from November's gains.
Here's a recap of the major developments:

Performance of Major Indexes: The S&P 500 rose by 0.7%, setting fresh record highs as tech and communication services led the rally. The Dow Jones Industrial Average climbed by 1.4% for the week. The Nasdaq Composite also posted gains, buoyed by a strong performance from AI and technology-related stocks.

Economic Data and Market Drivers: A stronger-than-expected U.S. jobs report bolstered investor sentiment. Retail sales data and optimism about a potential Federal Reserve rate cut later this month fueled positive market dynamics​.

Overall, the market reflected optimism about economic resilience and favorable monetary policy signals. Looking ahead, investors will monitor upcoming inflation data and corporate earnings for further insights into market direction.

The closing price of the top three market percent gainers trading near or above $3 on December 9.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $MGX: Metagenomi
Total gain: +128.74%
The company presented updated preclinical NHP data for its hemophilia A program in an oral presentation at the American Society of Hematology (ASH) 66th Annual Meeting and Exposition in San Diego Benzinga reports.

2. $ZEO: Zeo Energy
Total gain: +91.85%
The stock appeared to be moving on no notable news.

3. $GXAI: Gaxos.AI
Total gain: +59.23%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

GME: GameStop
Q3 2024
After Market Close
Estimate: -0.030
Actual: N/A

MIND: MIND Technology
Q3 2025
After Market Close
Estimate: 0.130
Actual: N/A

PLAY: Dave & Buster's Entertainment
Q3 2024
After Market Close
Estimate: -0.280
Actual: N/A

Time (ET) / Report / Period

6:00 am - NFIB optimism index - November
8:30 am - U.S. productivity (revision) - Q3
8:30 am - Unit Labor Costs (revision) - Q3