TSM Stock Recent News

TSMC's Q3 earnings surpassed expectations, with a 39% Y/Y revenue surge and 54% Y/Y earnings growth, driven by high-performance computing demand. TSMC's AI-driven growth is profitable, with the company managing to translate AI spending into significant earnings and free cash flow growth. The company forecasts $26.1B to $26.9B in Q4 revenue, implying 35% Y/Y growth and potential gross margin expansion.

Taiwan Semiconductor Manufacturing Company (TSM) stock gained 9.8% on Oct. 17, 2024, on upbeat earnings.

Taiwan Semiconductor reported strong Q3 FY24 results, driven by "insane" AI demand, with sales growing 36% y/y, beating expectations. Management expects continued robust AI and smartphone demand, projecting Q4 revenues between $26.1 billion and $26.9 billion, a 35% y/y increase. Taiwan Semi's strong margin profile, with gross margins at 57.8% and operating margins at 47.5%, supports an earnings growth estimate of ~26% for 2025.

Shares in the Taiwan Semiconductor Manufacturing Company shot up nearly 5% on Friday after the world's largest semiconductor-manufacturing plant overshot expectations in the third quarter. TSMC, which is valued north of US$880 billion, offered relief to the broader microchip space after ASML Holdings NV's disappointing results earlier this week.

Britney Lam of Magellan Capital says that TSMC is a unique case in the semiconductor sector, but with the non-AI segment of the industry weighing it down, she sees further upside for the stock will be capped at 15-20% from current levels.

Taipei-listed shares in TSMC hit a record high on Friday after the chipmaker posted forecast-beating third-quarter earnings and predicted a rosy outlook on strong artificial intelligence (AI) demand.

Semiconductors see a boost as TSMC results and forecasts exceed expectations. Bloomberg's Peter Elstrom joins Ed Ludlow and Caroline Hyde to discuss on "Bloomberg Technology.

Taiwan Semiconductor Manufacturing Company Limited reported Q3 results and outlook Thursday morning, reversing ASML Holding's negative outlook and confirming our positive thesis on the stock. We expect the outperformance to be supported once again by AI, as well as smartphones, on the specific thesis that both moving to smaller nanometer nodes will work in TSMC's favor. Management expects capex for the current quarter to double to approximately $11.5B due to healthy demand, with CEO Wei noting “the demand is real."

The foundry giant served up convincing evidence that the artificial intelligence (AI) revolution is far from over.

Taiwan Semi is surging on guidance, it's our Chart Of The Day. The Committee debate chip stocks and Jim Lebenthal buys more Applied Materials.