Tech Giants Soar: TSMC Leads Q3 Surge Amid AI Boom

1. Taiwan Semiconductor Manufacturingmpany Limited (NYSE: TSM)
Taiwan Semiconductor Manufacturingmpany Limited surged by 9.74%. TSMC reported strong Q3 2024 earnings driven by AI demand, boosting revenue and profit. Needham reiterated a buy rating with a $210 target price. Rising electricity costs in Taiwan may impact 2025 profit margins. TSMC, Samsung, and IBM to showcase CFET technology in December.

2. The Travelersmpanies (NYSE: TRV)
The Travelersmpanies surged by 9.02%. The Travelers Companies reported Q3 2024 results. UBS, Wells Fargo, Jefferies, and Goldman Sachs reaffirmed ratings of neutral, equal-weight, hold, and sell respectively, adjusting price targets to $244.00, $207.00, $235.00, and $216.00.

3. Blackstone (NYSE: BX)
Blackstone surged by 6.19%. Blackstone reported a Q3 profit increase of 5.5% to $12.8 billion, driven by growth in its credit division. Revenues reached $24.3 billion, surpassing expectations. Blackstone plans a €7.5 billion data center investment in Spain's Aragon region. UBS and Evercore ISI updated their ratings.

4. M&T Bank (NYSE: MTB)
M&T Bank gained solidly by 5.0%. M&T Bank has received upgrades to "Outperform" with a price target of $210 from Wolfe Research, Evercore ISI, and Wedbush. Additionally, JP Morgan upgraded it to "Overweight," setting a price target at $215. Company reported $45.62 billion revenue and $11.86 billion net profit in mid-2024 report.

5. Blue Owl Capital (NYSE: OWL)
Blue Owl Capital gained solidly by 4.94%. Oppenheimer, JMP Securities, and Evercore ISI Group maintain "Outperform" ratings on Blue Owl with target prices of $24.00, $25.00, and $22.00 respectively. Wells Fargo maintains "Equal-Weight" at $21.00. Blue Owl reported a 31.6% increase in revenue to $10.63 billion.