"Helping, the AI boom is still alive and well, with Taiwan Semiconductor ( NYSE: TSMC) posting another blowout quarter driven by AI chip demand. Revenue of 1.046 trillion new Taiwan dollars ($33.73 billion) was better than the NT$1.034 trillion expected. Net income of NT$505.74 billion was also better than the NT$478.37 billion expected. This is now TSMC's eighth consecutive quarter of year over year profit growth."
"TSMC said that revenue for the current quarter should range from $34.6 billion to $35.8 billion, up 4% sequentially, or up 38% year-over-year at the midpoint. "The demand for AI remains very strong, driving overall chip demand across the entire server industry," Counterpoint Research senior analyst Jake Lai told CNBC, predicting that 2026 will be another "breakout year" for AI server demand."
S&P 500 futures rose about 0.5% while the SPDR S&P 500 ETF (SPY) tracked similar gains; the Nasdaq climbed over 1% and Dow futures were slightly lower. Taiwan Semiconductor (TSMC) reported revenue of NT$1.046 trillion ($33.73 billion) and net income of NT$505.74 billion, both above expectations, marking the eighth consecutive quarter of year‑over‑year profit growth. TSMC guided quarterly revenue to $34.6–$35.8 billion, implying 4% sequential and 38% year‑over‑year growth at the midpoint. Counterpoint Research predicts continued strong AI-driven server demand and forecasts 2026 as another breakout year. Analysts at RBC and Rothschild Redburn expressed bullish views on Nvidia, citing backlog, inferencing demand, and surging enterprise demand.
Read at 24/7 Wall St.
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