The sales surge signals the chip maker's continued momentum amid the artificial-intelligence boom, though investors weren't enthused.
TSMC's sales have surged over the past two years on the back of booming demand for advanced microchips following the launch of ChatGPT in Nov. 2022
Global microchip manufacturing leader Taiwan Semiconductor Manufacturing Company (TSMC) saw a 34% year-on-year increase in net revenues in November and a 32% increase in between January and November. Sales equated to approximately £6.7 billion (US$8.5 million) in November and more than £63 billion (US$80 billion) in the January-November period.
Steve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to discuss why he's trimming the chip stock.
Recently, Zacks.com users have been paying close attention to TSMC (TSM). This makes it worthwhile to examine what the stock has in store.
TSM's premium P/E reflects its AI-driven dominance, robust growth and innovation, making it a compelling long-term investment.
Taiwan Semiconductor Manufacturing (TSM 1.80%) is one of the world's most important companies. Its manufacturing and technological capabilities are greater than those of its competitors, which is why it makes chips for nearly every leading tech company globally.
Taiwan Semiconductor (TSM 1.80%) might not be a household name, but it's probably the most important company most people have never heard of.
In the latest trading session, TSMC (TSM) closed at $204.30, marking a +1.8% move from the previous day.
TSMC (TSM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Taiwan Semiconductor Manufacturing Co. (TSM) reportedly is in talks with Nvidia (NVDA) to produce the artificial intelligence (AI) darling's Blackwell chips at the contract manufacturer's new plant in Arizona.
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