"Robust AI-related demand" led to strong Q3 earnings for the Taiwanese chipmaker that is building out a huge complex in Phoenix.

Two days after a broad semiconductor-stock sell-off driven by a light forecast from the Dutch firm ASML, chipmakers rallied on Thursday on TSMC's strong results. TSMC itself climbed as much as 13% in New York trading, while major industry players Nvidia, Broadcom, and Micron each rose roughly 4% at intraday highs.

U.S. chip stocks rose on Thursday after industry bellwether TSMC's strong sales forecast boosted investor optimism about demand for processors used to power artificial intelligence applications. Taiwan Semiconductor Manufacturing Co,

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

Key Takeaways Chip stocks rose Thursday after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., reinvigorated Wall Street’s AI enthusiasm. Better-than-expected quarterly results and a rosy financial outlook powered its shares higher,

Taiwan Semiconductor Manufacturing (TSM) is among the hottest stocks on the planet. The Taiwan-based manufacturer produces advanced chips that power smartphones and artificial intelligence (AI) applications like ChatGPT,

Director of Investor Relations [Foreign language] Good afternoon, everyone, and welcome to TSMC's third quarter 2024 earnings conference call. This is Jeff Su, TSMC's and your host for today. TSMC is hosting our earnings conference call via live audio webcast through the company's website at where you can also download the earnings release materials.

Taiwan Semi’s management issued forward looking guidance that impressed investors. The company sees revenue for the next quarter that is roughly $26.1-26.9 billion compared to the Street’s consensus of $24.