TSMC and Salesforce Higher; Hewlett Packard and United Lower

On this episode of Stock Movers:
- Taiwan Semiconductor (TSM) is higher after earnings beat analyst estimates, in the latest sign of rising demand for components like Nvidia chips that power AI. It also narrowed its capital expenditure forecast for the full year.
- Hewlett Packard (HPE) shares are lower after the computer hardware and storage company issued a full-year forecast for profit and cash flow that fell short of analysts’ estimates. The company also said it is cutting an unspecified number of jobs as part of its integration with Juniper Networks. HPE is dealing with tighter margins in part due to building servers with expensive AI chips that have made the machines less profitable.
- Salesforce (CRM) is higher on Thursday after the software company forecast that revenue growth will accelerate to double digits in the coming years. Bloomberg Intelligence analyst Anurag Rana says Salesforce’s forecast implies annual growth of 10% and “is encouraging, given the pace dipped to around 8-9% in recent quarters.”
- United Airlines (UAL) is lower as analysts at Bloomberg Intelligence note that the airline’s results show signs of saturation, even for its premium seats. The company forecast adjusted earnings per share for the fourth quarter that beat the average analyst estimate.

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