Taiwan Semiconductor Manufacturing Co. Ltd. ADR (TSM)
TSMC Q3: The Ultimate AI Weather Vane
TSMC's Q3 earnings surpassed expectations, with a 39% Y/Y revenue surge and 54% Y/Y earnings growth, driven by high-performance computing demand. TSMC's AI-driven growth is profitable, with the company managing to translate AI spending into significant earnings and free cash flow growth. The company forecasts $26.1B to $26.9B in Q4 revenue, implying 35% Y/Y growth and potential gross margin expansion.
Buy Taiwan Semiconductor-Heavy ETFs on Upbeat Earnings
Taiwan Semiconductor Manufacturing Company (TSM) stock gained 9.8% on Oct. 17, 2024, on upbeat earnings.
Taiwan Semiconductor Q3 Earnings: 'Demand Right Now Is Insane'
Taiwan Semiconductor reported strong Q3 FY24 results, driven by "insane" AI demand, with sales growing 36% y/y, beating expectations. Management expects continued robust AI and smartphone demand, projecting Q4 revenues between $26.1 billion and $26.9 billion, a 35% y/y increase. Taiwan Semi's strong margin profile, with gross margins at 57.8% and operating margins at 47.5%, supports an earnings growth estimate of ~26% for 2025.
TSMC leads semiconductor recovery as shares shoot up 5%
Shares in the Taiwan Semiconductor Manufacturing Company shot up nearly 5% on Friday after the world's largest semiconductor-manufacturing plant overshot expectations in the third quarter. TSMC, which is valued north of US$880 billion, offered relief to the broader microchip space after ASML Holdings NV's disappointing results earlier this week.
All the stars have aligned for TSMC, but don't get carried away: Magellan Capital
Britney Lam of Magellan Capital says that TSMC is a unique case in the semiconductor sector, but with the non-AI segment of the industry weighing it down, she sees further upside for the stock will be capped at 15-20% from current levels.
TSMC stock hits new high after posting forecast-beating earnings
Taipei-listed shares in TSMC hit a record high on Friday after the chipmaker posted forecast-beating third-quarter earnings and predicted a rosy outlook on strong artificial intelligence (AI) demand.
TSMC says it is a law abiding company, after report of US probe
Taiwanese chipmaker TSMC said on Friday that it was a law abiding company and committed to complying with laws and regulations, including export controls, following a media report the U.S. government was probing their dealings with China's Huawei.
TSMC Forecasts Lifts Chips
Semiconductors see a boost as TSMC results and forecasts exceed expectations. Bloomberg's Peter Elstrom joins Ed Ludlow and Caroline Hyde to discuss on "Bloomberg Technology.
TSMC Q3: Strong Growth In Server AI Processor Market
I reiterate a “Buy” rating for Taiwan Semiconductor Manufacturing Company Limited with a one-year target price of US$240 per share, driven by strong AI demand and advanced processes. TSMC's 2nm and A16 processes are key growth drivers, with mass production starting in 2025 and significant adoption expected by Apple for iPhone 18. Q3 FY24 results showed 39% revenue growth, driven by 3nm and 5nm technologies, with AI server processors projected to triple in revenue contribution.
TSMC: Shrinking Nanometers, Growing Top Line - Buy
Taiwan Semiconductor Manufacturing Company Limited reported Q3 results and outlook Thursday morning, reversing ASML Holding's negative outlook and confirming our positive thesis on the stock. We expect the outperformance to be supported once again by AI, as well as smartphones, on the specific thesis that both moving to smaller nanometer nodes will work in TSMC's favor. Management expects capex for the current quarter to double to approximately $11.5B due to healthy demand, with CEO Wei noting “the demand is real."
Taiwan Semiconductor Earnings Reignites the AI Boom
Taiwan Semiconductor ( TSM ) reported quarterly earnings this morning and did not disappoint shareholders. Earnings came in 8.9% above analysts' expectations and showed a 54.2% year-over-year (YoY) increase, while revenue beat estimates by 1.3% and grew an impressive 39% YoY.
Nvidia Stock Hits Another Record High as AI Chip Excitement Returns
Shares of Nvidia (NVDA) set a fresh record intraday high Thursday as a blowout earnings report from supplier Taiwan Semiconductor Manufacturing Co. (TSM) eased concerns that the semiconductor market was stalling.
