Luxtious Revue: TSMC Shares Surge 10% on AI-Driven Profit Boom

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Luxtious Revue: TSMC Shares Surge 10% on AI-Driven Profit Boom

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0 Views • Premiered Oct 17, 2024 • Click to toggle off description

TSMC shares jumped 10% on Thursday following a 54% increase in Q3 profit, driven by strong demand for AI-related chips. Revenue rose 36% year-over-year to $23.5 billion, with the company forecasting further growth in Q4. CEO C.C. Wei emphasized that AI demand remains robust, with TSMC leading the industry through advanced 3nm and 5nm technologies. TSMC’s global expansion continues with new factories in Japan and Arizona, supporting increased production capacity to meet growing U.S. demand.

#TSMC #AIChips #Semiconductor #Tech #AI #ArtificialIntelligence #Nvidia #ASML #Qualcomm #Intel #Microsoft #Google #Amazon #AMD #Luxtious #LuxtiousRevue

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RYD date created : 2025-03-13T19:38:06.4654078Z
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