TSMC Stock Gains on Earnings Beat. AI Chip Demand Is Surging.
It’s a sign of strong demand for artificial-intelligence chips. Taiwan Semi, or TSMC, said revenue in U.S. dollars in the third quarter jumped 36% from a year earlier to $23.5 billion. Net profit rose 54% on the year to the equivalent of $10.
Nvidia’s stock tracks toward record as TSMC sees AI chip market still booming
All members of the PHLX Semiconductor Index were in positive territory Thursday as TSMC offered upbeat commentary on the sector.
Futures rise as chip stocks rally after TSMC results; economic data in focus
U.S. stock index futures gained on Thursday, with an upbeat forecast from TSMC lifting semiconductor stocks, while investors awaited key economic data for clues on the financial health of the U.S. consumer.
Stock Futures Rising With Tech Leading the Charge After TSMC Earnings Beat
U.S. stock futures were pointing to a session of gains for tech on Thursday as a strong set of results from chip maker Taiwan Semiconductor Manufacturing Co. gave the market reason to believe the artificial intelligence investing frenzy will continue.
Nasdaq futures rise after robust results from TSMC revive confidence in tech stocks
Stock index futures were higher on Thursday, with Nasdaq futures leading the pack, after strong results from Taiwan Semiconductor (TSM) helped revive investor sentiments.  S&P 500 futures (SPX) +0.5%,
Nvidia, chip stocks rally after TSMC's blowout earnings
Chip stocks rose higher Thursday after a blowout earnings report by Taiwan Semiconductor Manufacturing (NYSE:TSM), the world’s largest producer of advanced chips and a key player in the ongoing AI boom.
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.
Shacknews1h
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.
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 ...
TSMC profits surge driven by strong AI-related demand
Taiwan Semiconductor Manufacturing Co. (TSMC) reports a 54% increase in Q3 net profit. The company estimated its capital spending in the current quarte would more than double to around $11.5 billion ...
Taiwan chipmaker TSMC posts record sales, profit in July-September quarter
The world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Company, has reported record sales and profit for the July-September quarter amid a surge in demand for AI chips.
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.
Kiplinger15h
Taiwan Semiconductor Stock Hits a $1 Trillion Market Cap After Earnings
Taiwan Semiconductor has had a stellar run on the price charts ... which has a Buy rating and $210 price target on TSM stock. “We look for TSMC's revenue growth, primarily driven by steady ...
AFP on MSN5h
Taiwan semiconductor TSMC sees US$10b in net profit as AI tech grows; to open four overseas plants in US and Japan
Taiwanese chip giant TSMC announced a bigger-than-expected increase in net profit for the third quarter on Thursday and ...
Taiwan's TSMC Says Net Profit Rose 54.2% In Third Quarter
Taiwanese chip giant TSMC announced Thursday a bigger-than-expected increase in net profit for the third quarter of 2024.
Digi Times7h
President Lai: TSMC will play key role in connecting Taiwan's Greater Southern Technology S Corridor
On October 15, Academia Sinica's southern campus held its opening ceremony at the Shalun Smart Green Energy Science City ...
TSMC's AI-driven boom has 'no end in sight', analysts say
Taiwan Semiconductor Manufacturing Company (TSM) (TSMC), the world’s largest chipmaker, saw its profits soar 54% in the third ...