TSMC (TSM.US) logged a 30% leap in sales for the third quarter, reaching NT$989.9 billion (approximately US$32.5 billion), surpassing the analysts' average expectation of NT$962.8 billion, on the ride of the ongoing AI boom.

TSMC's revenue for September was NT$330.98 billion, down 1.4% MoM and up 31.4% YoY, setting a new high for the same period and marking the third highest in history.

Currently, American tech companies such as Nvidia (NVDA.US) and OpenAI are investing billions of US dollars to build cloud computing capabilities.

Although there are market concerns that AI investments are creating a large bubble, TSMC's latest sales data indicated that AI demand remains strong.
~



AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
Nvidia (C)	10055	230 (-)	0.249	4.8 X
Nvidia (C)	10721	175 (-)	0.455	4.7 X
Nvidia (P)	10057	165 (-)	0.220	3.5 X
Nvidia (P)	10714	125 (-)	0.030	6.2 X