Taiwan Semiconductor Manufacturing Co. Ltd. ADR (TSM)
TSMC Defies Market Concerns With Q3 Earnings Beat
TSMC's stock has rallied 12% since last coverage, approaching the target price of $210 with solid growth prospects. Q3 2024 revenue reached NT$759.69 billion (~$23.6 billion), surpassing analyst expectations due to AI chip demand. TSMC's 3nm technology accounted for 15% of wafer revenue in Q2 2024, with further growth expected from 2nm chips.
TSMC On Cusp Of Topping $1 Trillion Valuation As Stock Jumps 8% In Premarket: What's Going On
Shares of foundry Taiwan Semiconductor Manufacturing Company Ltd. TSM rose in premarket trading on Thursday, positioning the company on track to cross the $1 trillion market capitalization threshold.
Wall Street Poised To Open Higher As TSMC Earnings Expected To Kick Off Rally In Tech Stocks: Strategist Says AI Trade Will Have Legs Even In Case Of Recession In 2025
Technology stocks, specifically chipmakers, could lead from the front on Thursday as a stellar third-quarter earnings report from Taiwan Semiconductor Manufacturing Company Ltd. TSMC is triggering positive sentiment toward all artificial intelligence plays.
TSMC Stock Jumps on AI-Fueled Earnings Surge
U.S.-listed Taiwan Semiconductor Manufacturing Co. (TSM) shares are jumping 8% in premarket trading after the chipmaker posted robust quarterly earnings and projected a buoyant outlook on the back of the artificial intelligence (AI) boom.
U.S. chip stocks rally as TSMC's AI-backed outlook impresses investors
U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications.
TSMC rides AI boom into impressive gross margin beat
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 54.2% increase in net profit in its third quarter, reaching NT$325.26 billion (US$10.1 billion). The chipmaking giant's revenue rose by 36% year-on-year, totalling US$23.5 billion, driven by strong demand for artificial intelligence processors.
TSMC Raises Revenue Outlook, Suggesting Strong AI Demand
Taiwan Semiconductor Manufacturing Co. boosted its target for 2024 revenue growth after quarterly results beat estimates, as the chipmaker now expects sales to climb roughly 30% in US dollar terms this year, up from previous projections for about a mid-20% rise. Tom Mackenzie reports on Bloomberg Television.
TSMC set to produce first chips from new Arizona plant at start of 2025
TSMC is building three new facilities in Arizona in order to protect its business against mounting tensions between China and the U.S.
AMERICAS TSMC steadies chip ship, ECB set to ease
A look at the day ahead in U.S. and global markets from Mike Dolan
Taiwan Semiconductor Manufacturing Co Ltd (TSM) Q3 2024 Earnings Conference Call Transcript
Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM ) Q3 2024 Earnings Conference Call October 17, 2024 2:00 AM ET Company Participants Jeff Su - Director, IR Wendell Huang - SVP, Finance & CFO C. C. Wei - Vice Chairman & CEO Conference Call Participants Gokul Hariharan - JPMorgan Chase & Co. Sunny Lin - UBS Charlie Chan - Morgan Stanley Bruce Lu - Goldman Sachs Group Brett Simpson - Arete Research Krish Sankar - TD Cowen Laura Chen - Citigroup Rick Hsu - Daiwa Jeff Su Good afternoon, everyone, and welcome to TSMC's Third Quarter 2024 Earnings Conference Call.
TSMC CEO says AI is not in a bubble and its growth is for real
the chief executive of contract manufacturer Taiwan Semiconductor Manufacturing Co. says the artificial intelligence revolution is for real.
Chip giant TSMC reports blockbuster results even as questions over AI mania loom
Taiwan Semiconductor Manufacturing Company just reported a 54% rise in third-quarter net profit. TSMC's growth was driven by strong demand for artificial intelligence technology.
