TSMC Stock Surges 39% on Record AI Chip Earnings Beat
TSMC shares soared to record highs after reporting a 39% jump in third-quarter profits, surpassing analyst expectations with net income of NT$325.3 billion ($10.1 billion). The surge underscores booming demand for AI chips, now the primary driver of semiconductor growth.
Revenue climbed 36.5% year-over-year to NT$759.69 billion, fueled by robust sales of 3-nanometer and 5-nanometer chips powering AI applications. CEO C.C. Wei affirmed strengthening conviction in the AI megatrend, with high-performance computing—including AI and 5G chips—accounting for 57% of quarterly revenue.
The company raised its 2025 growth forecast to mid-30% range and announced a $40 billion capital expenditure plan for capacity expansion. This performance cements TSMC's pivotal role in the global AI infrastructure buildout.
