Taiwan Semiconductor Earnings Reignites the AI Boom

Taiwan Semiconductor ((TSM) reported quarterly earnings this morning and did not disappoint shareholders. Earnings came in 8.9% above analysts' expectations and showed a 54.2% year-over-year (YoY) increase, while revenue beat estimates by 1.3% and grew an impressive 39% YoY.Management offered encouraging comments as well, with Wendell Huang, Senior VP and Chief Financial Officer saying, “Our business in the third quarter was supported by strong smartphone and AI-related demand for our industry-leading 3nm a ...