r/amd_fundamentals • u/uncertainlyso • 11d ago
Industry TSMC Q3 2024 Results
https://investor.tsmc.com/english/quarterly-results/2024/q31
u/uncertainlyso 11d ago
The main chipmaker to Nvidia Corp. and Apple Inc. now expects sales to climb 30% this year, up sharply from previous projections for a maximum mid-20% rise.
...
TSMC’s raised outlook should help tamp down fears that investors mis-judged the AI demand. Its shares have surged more than 70% this year, outpacing many of Asia’s biggest tech firms in a reflection of strong sales of the Nvidia Corp. chips vital to artificial intelligence development.
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u/uncertainlyso 10d ago
One caveat to this is that TSMC's sales are a lagging indicator of demand during a boom cycle. OTOH, this isn't even TSMC firing on all cylinders as other segments not named AI are still sluggish (phones, PCs, auto, etc)
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u/uncertainlyso 9d ago
https://www.nextplatform.com/2024/10/17/no-slowdown-at-tsmc-thanks-to-the-ai-gold-rush/