TSMC’s Sales Beat Estimates in Good Sign for AI Chip Demand
- Nvidia’s main chipmaker reports surprising strong revenue
- Some analysts warn markets are running ahead of fundamentals
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Taiwan Semiconductor Manufacturing Co. posted a better-than-expected 39% rise in quarterly revenue, assuaging concerns that AI hardware spending is beginning to taper off.
The main chipmaker to Nvidia Corp. and Apple Inc. reported September-quarter sales of NT$759.7 billion ($23.6 billion), versus the average projection for NT$748 billion. Taiwan’s largest company will disclose its full results next Thursday.