Taiwan Semiconductor (TSM) stock leaps on bullish Q4 2024 outlook

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As a seasoned gamer with a soft spot for cutting-edge tech and a keen eye on industry trends, I must say, this news about Taiwan Semiconductor (TSM) is music to my ears! With its impressive Q3 earnings and optimistic outlook for Q4, TSMC’s growth trajectory is nothing short of spectacular. The booming AI sector, fueling the demand for TSM’s processors, seems to be opening up a whole new world of possibilities.

In simpler terms, Taiwan Semiconductor’s third-quarter earnings report for 2024 exceeded revenue predictions. The ongoing growth in Artificial Intelligence is boosting the company’s income as a semiconductor manufacturer, and they have now increased their expectations for the fourth quarter.

This morning, Taiwan Semiconductor announced its Q3 earnings. For the upcoming year, the company anticipates an impressive 30% rise in its full-year revenue, which is significantly higher than the earlier projected increase of around 20%. The company attributes this substantial growth to the burgeoning Artificial Intelligence (AI) industry, indicating a robust demand for their processors due to strong market needs.

As a devoted follower, I’m excited to share that our company’s performance in the third quarter was significantly boosted by robust demand for smartphones and AI-related applications, particularly our cutting-edge 3nm and 5nm technologies. Looking ahead into Q4 of 2024, I am optimistic that this momentum will persist as we anticipate continued strong interest in our state-of-the-art process technologies. (Wendell Huang, Senior VP and CFO of TSMC)

Taiwan Semiconductor, much like NVIDIA, is reaping substantial advantages from the surge in Artificial Intelligence (AI) growth. Keep an eye on our ‘Finance’ tag for more tales about technological advancements.

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2024-10-17 17:27