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.
TSMC's Q3 2024 Earnings Beat Unveils A New Catalyst
TSMC's Q3 and future prospects in the AI market, despite challenges, shows promising growth and margin potential. Click for our TSM earnings update.
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.
TSMC Q3 earnings beat forecast with AI chip demand driving growth
TSMC reports a 54% earnings rise, driven by AI chip demand despite a sluggish mobile market, with net profit hitting NT$325.3 billion.
TSMC’s Q3 Profit Soars 40% After AI Chip Demand Surge
TSMC expects a 40% profit increase to around $9.27 billion, fueled by AI chip demand. The company's stock has risen 77% this year, with a $65 billion investment in new U.S. factories. Despite TSMC's early success in the AI chip segment, competitors like Intel and Samsung are struggling to keep pace.
TSMC third-quarter profit seen jumping 40% on strong AI chip demand
Taiwan Semiconductor Manufacturing Co , the main producer of advanced chips used in artificial intelligence applications, is expected to report a 40% leap in third-quarter profit on Thursday thanks to soaring demand.
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
TSMC Hikes Revenue Outlook in Show of Confidence in AI Boom
Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, allaying concerns about global chip demand and the sustainability of an AI hardware boom.
TSMC stock hits new high after forecast-beating earnings
The Taipei-listed shares of TSMC hit a record high on Friday after the world's largest contract chipmaker posted forecast-beating third-quarter earnings and gave a rosy outlook for strong artificial intelligence (AI) demand.
TSMC profits jump 54% on back of AI chip boom
Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, has further raised its growth outlook on the back of an artificial intelligence boom and a broad-based recovery in other sectors,
TSMC Q3: The Ultimate AI Weather Vane
TSMC's impressive Q3 earnings show strong revenue and earnings growth. Click here to find out what makes TSM stock a ...
TSMC’s Q3 2024 Financial Surge Highlights Semiconductor Strength
Taiwan Semiconductor Manufacturing (TSM) has released an update. Taiwan Semiconductor Manufacturing Company (TSMC) reported a ...
TSMC bullish on outlook as AI boom blows Q3 profit past forecasts
TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a ...
Nvidia Supplier TSMC Q3 Trumps Estimates On Strong AI Chip Demand, Guides Q4 Above Consensus (UPDATED)
TSMC's earnings came as a welcome relief after ASML spooked AI hardware manufacturers with a lackluster outlook.
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.
Nvidia stock hits record high as key AI player smashes Q3 earnings
Nvidia ( NVDA) , which sits just below Apple ( AAPL) as the world's second-most valuable company by market cap, has been ...
Nvidia fever is back as AI chip stocks fuel optimistic start to Big Tech’s Q3 2024 earnings season
After a rosy earnings report and outlook from semiconductor giant TSM, investors see early signs that the AI boom is alive ...
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 ...