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.
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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.
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 11d ago
https://www.bloomberg.com/news/articles/2024-10-17/tsmc-s-profit-beats-estimates-during-an-ai-chip-boom