Options data indicate increased open interest in $170 calls, suggesting bullish sentiment ahead of next earnings release. Give credit to the rise of artificial intelligence, of course, which is creating massive demand for computing processors and related microchips. ASML (NASDAQ: ASML) will also release its third-quarter results soon, on Oct. 15. The semiconductor equipment giant has rallied an impressive 42% in the past six months. What's worth noting is that ASML has a similar catalyst to that of TSMC -- the fast-growing demand for AI chips. Institutional demand helps TSMC stock price today stay resilient even as global equity markets see sector rotations, highlighting strong fundamentals.
