Reported 14 days ago
Taiwan Semiconductor Manufacturing Co. (TSMC) has reported record quarterly earnings, surpassing analyst expectations, which has driven its stock to an all-time high. The company attributes its growth to increasing demand for AI-related products, with earnings per share reaching $2.92 and revenue up 41% year-over-year to $33.10 billion. TSMC's optimistic revenue forecast for the fourth quarter and the upcoming year reinforces confidence in the semiconductor sector, highlighting a robust demand for chips from major AI companies.
Source: YAHOO