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Taiwan Semiconductor's strong Q3 sales a positive sign for Q4, Wedbush says
Seeking Alpha ·
Seeking Alpha reports: Taiwan Semiconductor's stronger-than-expected sales in the third quarter are a good sign for the semiconductor foundry giant's fourth quarter, Wedbush Securities said. Shares rose 1.4% in premarket trading on Friday. "While TSMC has consistently delivered modest upside vs. its outlook through the AI boom, we would note this result represents a slightly larger than typical beat (for instance upside last quarter totaled ~1%)," Wedbush analyst Matt Bryson wrote in a note…