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Apple, Nvidia Supplier TSMC Stock Rises In Thursday's Premarket After Crashing 8% In Last Session: What's Driving The Rebound?

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM), the world’s largest contract chipmaker and a major Apple and Nvidia supplier, bounced back strongly in premarket trading on Thursday after the nearly 8% plunge seen in the previous session, Sentiment toward the Hsinchu, Taiwan-based company improved after it reported second-quarter earnings that exceeded expectations and grew both year-over-year and quarter-over-quarter. The robust performance reflected a strong uptake of its ...