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TSMC Revenue Surges 36.4% YTD as AI Demand Fuels Growth
TSMC Revenue Surges 36.4% YTD as AI Demand Fuels Growth
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BTCCSquare news:
TSMC's September revenue jumped 31.4% year-over-year to NT$330.98 billion, with year-to-date figures climbing 36.4% to NT$2,762.96 billion. The chipmaker's stock gained ahead of its October 16 earnings release, buoyed by strong AI-driven demand from clients like Nvidia and Apple.
Analysts remain bullish, with 8 Buy ratings and a single Hold over the past quarter. The company has beaten earnings expectations in 11 of the last 12 quarters, with consensus EPS at 2.61 for the upcoming report. TSMC's consistent execution continues to validate its position as the linchpin of advanced semiconductor manufacturing.
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