TSMC revenue climbs 33% in August over AI chip demand
Taiwan Semiconductor Manufacturing Company (TSM) stock is in focus following its August revenue report, where the chip giant posted a 33% year-over-year increase. Sales rose to $7.8 billion (converted from the New Taiwan dollar).
The revenue growth comes amid two key industry trends: surging demand for AI chips and early signs of recovery in the smartphone market.
Morning Brief co-hosts Seana Smith and Brad Smith dive into the details.
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This post was written by Angel Smith
Transcripción del vídeo
All right, keeping our eye on shares of Ts MC as the chip giant reported revenue that rose 33% last month in a positive sign to investors betting on a smartphone market recovery and sustained demand from videos A I chips.
Despite that though, we are looking at losses of just about 1.7%.
And that could be a reason for that could be that despite that, we did see an uptick of about a third here in revenue last month, it was actually slower than the growth we saw the previous month, that growth rate of 45%.
So again, a bit of a slow down, there might be something that the industry is taking a bit of an issue with.
But again, we're not looking at a huge mo move lower here just about 1.5%.
Yeah, it seems like the analyst reaction right now from Bernstein, at least if September follows the average seasonality of the past eight years, that the third quarter, 24 revenue would come to about 5 to 6% above both the guidance and the midpoint consensus here.
So, uh that's something worth tracking on a go forward basis from TS MC.
But this continues to come back to how much leeway, how much uh of a line, some of the investors are going to give TS MC on their A I infrastructure spending going forward from here too.