TSMC joins $1 trillion club as Q3 earnings spark chip sector rally
Another impressive round of earnings results from Taiwan Semiconductor Manufacturing Company sparked a broad chip stock rally Thursday morning. TSMC’s U.S. listed shares jumped more than 12%—pushing the company’s market capitalization above $1 trillion—as surging profits and booming AI demand have outweighed geopolitical concerns that hang heavily over the sector.
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.
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.
Taiwan chipmaker TSMC forecasts higher-than-expected profit as AI demand grows
Taiwan’s TSMC, the world’s largest contract chipmaker, said Thursday that its full-year revenue for 2024 was expected to grow by nearly 30%, as demand for the chips used to power artificial intelligence soars.
Chip stocks rally after TSMC's strong sales forecast calms growth worries
TSMC's third-quarter earnings report saw the company increase its 2024 sales-growth forecast to 30%, up from previous projec
U.S. chip stocks rally as TSMC's AI-backed outlook impresses investors
U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications.
Chip Stocks Rally as TSMC Earnings Point To Strong AI Demand
Key Takeaways Chip stocks rose Thursday after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., reinvigorated Wall Street’s AI enthusiasm. Better-than-expected quarterly results and a rosy financial outlook powered its shares higher,
US chip stocks rally buoyed by TSMC’s strong sales forecast
On October 17, an increasing trend was seen in US chip stocks. This happened after TSMC released a sales forecast which gained investors’ attention about the demand for processors. These in-demand processors are used to power AI applications.
US chip stocks rise as TSMC’s strong AI chip forecast boosts investor optimism
Shares of US chipmakers surged before Thursday’s market open, driven by a positive sales forecast from Taiwan Semiconductor Manufacturing Co. (TSMC). The world’s largest contract chipmaker raised its annual revenue growth expectations and highlighted that AI chips will contribute a significant portion of its full-year revenue,
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TSMC Q3 profit rises 54%, better than forecasts
Taiwanese chipmaker TSMC posted a 54 per cent rise in third-quarter net profit on Thursday that beat market expectations as ...
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.
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Taiwan’s TSMC reports NT$759.69 billion Q3 revenue
TSMC released Thursday (Oct. 17) revenues of NT$759.69 billion (US$23.6 billion), marking a 12.8% quarter-on-quarter increase ...
TSMC CEO says AI is not in a bubble and its growth is for real
CC Wei, the chairman and chief executive of Taiwan Semiconductor, was asked by JPMorgan analyst Gokul Hariharan on a ...
TSMC set to report strong profit driven by AI boom
Taiwan Semiconductor Manufacturing Co , the dominant producer of advanced chips used in artificial intelligence applications, ...
Taiwan's TSMC Says Full-year Revenue Forecast To Grow Nearly 30%
Taiwan's TSMC said Thursday that its full-year revenue was forecast to grow nearly 30 percent, after the world's biggest chipmaker recorded a better-than-expected performance in the third quarter.
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 ...
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Taiwan Semiconductor (TSM) stock leaps on bullish Q4 2024 outlook
Taiwan Semiconductor blasted past its financial expectations for Q3 and is adjusting its Q4 outlook accordingly.