Morning Movers: TSMC Revenue Climbs; HPE and DKS Upgraded

Bullish Gator

TSMC revenue rises amid AI demand; Morgan Stanley upgrades HPE and Wells Fargo upgrades Dick’s Sporting Goods.

Editorial companion

What stands out

Sam Vadas started with a simple line: "the demand is there," pointing to Taiwan Semiconductor Manufacturing Company (TSMC)'s rising monthly revenue even as the stock reaction stays muted. The clip zeroes in on analyst moves, notably Morgan Stanley's upgrade of Hewlett Packard Enterprise (HPE), as evidence markets are betting some hardware and services vendors will be indirect beneficiaries of the artificial intelligence (AI) spending wave. For investors, it is a reminder that analyst opinion and AI narratives can drive near-term price action regardless of where the fundamentals currently sit.