Chipmaker TSMC Beats Q3 Goals On Strong Smartphone, AI Chip Sales
Taiwan Semiconductor Manufacturing handily beat estimates for the third quarter and with its guidance for the current period.
Chip stocks rally after TSMC's strong sales forecast calms growth worries
Two days after a broad semiconductor-stock sell-off driven by a light forecast from the Dutch firm ASML, chipmakers rallied on Thursday on TSMC's strong results. TSMC itself climbed as much as 13% in New York trading, while major industry players Nvidia, Broadcom, and Micron each rose roughly 4% at intraday highs.
Chip Stocks Rally as TSMC Earnings Point To Strong AI Demand
Chip stocks rose on Thursday after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., reinvigorated Wall Street’s AI enthusiasm.
What the roller coaster earnings at ASML and TSMC tell us about demand for AI chips
TSMC's blockbuster results will be a welcome surprise to investors after ASML's earnings sent semiconductor stocks tumbling earlier this week.
Nvidia, Other Chip Stocks Gain After TSMC Touts 'Insane' AI Demand
Shares in Nvidia, Advanced Micro Devices, Micron and other semiconductor companies gained, after solid earnings from the world's largest contract chip maker. Taiwan Semiconductor Manufacturing reassur
TSMC Profit Beats Estimates Amid AI Chip Boom
TSMC posted a better-than-projected 54% rise in quarterly earnings. The company reported September-quarter net profit of NT$325.3 billion ($10.1 billion), versus an average estimate for NT$299.3 billion.
TSMC Stock Gains on Earnings Beat. There’s Nothing Wrong With AI Chips.
Taiwan Semiconductor Manufacturing stock was rising after the company posted a big jump in profit and sales for the third quarter, beating analysts’ estimates. It’s a sign of strong demand for artificial-intelligence chips.
Chip stocks rally as TSMC forecasts strong AI demand for ‘many years’
Taiwan Semiconductor Manufacturing Company's blowout third quarter earnings and optimism over AI demand boosted chip stocks Thursday.
TSMC to start commercial semiconductor production in Phoenix earlier than thought
TSMC will start producing semiconductors at its Phoenix plant near the start of 2025, earlier than anticipated, and the ...
Leading chip maker TSMC reports surging demand, plans for global expansion
Longer-term, TSMC is pursuing a rapid international expansion. It’s planning more plants in Europe with a focus on the market ...
Chip giant TSMC reports blockbuster results even as questions over AI mania loom
The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.
Tech Advances as TSMC Alleviates AI Concerns - Tech Roundup
Taiwan Semiconductor Manufacturing Chief Executive C.C. Wei said revenue from AI-related servers and processors was expected to triple this year. TSMC's optimistic take on AI revenue prospects quelled ...
ASML And TSMC Earnings: A Tale Of 2 Cities, Buy Both
Both ASML and TSMC are rated 'Buy' due to their monopolistic dominance and reasonable forward P/Es around 30x. Learn more ...
Apple's made-in-the-USA chips signal a turnaround for the US's big semiconductor bet
TSMC has begun producing chips for Apple at its Phoenix fab, people familiar with the matter said, in a boost for US ...
TSMC set to produce first chips from new Arizona plant at start of 2025
TSMC is building three new facilities in Arizona in order to protect its business against mounting tensions between China and ...
TSMC: Shrinking Nanometers, Growing Top Line - Buy
TSMC's positive Q3 results and outlook support continued outperformance in AI and smartphones. Click here to find out my ...
Why Artificial Intelligence (AI) Chipmaker Taiwan Semiconductor Manufacturing Charged Higher on Thursday
The foundry giant served up convincing evidence that the artificial intelligence (AI) revolution is far from over.