TSMC's Results Add Another Feather in the Hat of AI Bulls—What You Need to Know

Core Insights - Taiwan Semiconductor Manufacturing Co. (TSMC) reported record earnings, indicating strong AI demand with earnings per share of $2.92 and revenue of $33.10 billion, a 41% year-over-year increase [1][6] - TSMC's CEO highlighted robust AI-related demand, suggesting a strengthening conviction in the AI megatrend and a fundamental need for semiconductors [2] - The company anticipates fourth-quarter revenue between $32.2 billion and $33.4 billion and has raised its 2025 revenue growth forecast to the mid-30% range, up from about 30% [3] Company Performance - TSMC's stock climbed to a record high following the earnings announcement, reflecting a significant increase of over 50% in 2025 [4][6] - The strong quarterly results exceeded analysts' expectations, reinforcing TSMC's position as a key player in the semiconductor industry [6]