Nvidia hits all-time high, US chip stocks rally after TSMC's strong Q3 results
Updates stock activity for regular trading session
** Shares of Nvidia NVDA.O jump nearly 4% to new record and U.S.-listed chip stocks rally on Thurs after Taiwan Semiconductor Manufacturing Co's TSM.N Q3 profit beat forecasts on AI boom
** TSMC, the world's largest contract chipmaker, and a major Apple AAPL.O and Nvidia supplier, reported a forecast-beating 54% jump in quarterly profit on Thursday, driven by soaring demand for chips used in AI
** Co's robust performance and outlook underscored the continued strong demand for AI and provided a positive push to chip stocks
** U.S.-listed shares of TSMC last up 12% on the session, while shares of AI darling Nvidia up ~3%
** NVDA shares on Thurs rose as much as 3.8% to $140.89, surpassing prior record peak of $140.76 set on Jun 20
** Nvidia currently roughly $120 bln away from overtaking Apple as the world's most valuable co
** Micron MU.O up 4%, Broadcom AVGO.O advances 4%, and Intel INTC.O gains 1.5%
** Shares of Qualcomm QCOM.O rise 1.7% and Advanced Micro Devices AMD.O advances 1.4%
** U.S.-listed shares of British chip designer Arm Holdings ARM.O up 3%
** Philadelphia semiconductor index .SOX up 2.5%, iShares semiconductor ETF SOXX.O up 2.3%, and VanEck Semiconductor ETF SMH.O advances 3.3% on Thurs
Reporting by Sukriti Gupta in Bengaluru and Lance Tupper in New York
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