TSMC raises revenue forecast on bullish outlook for AI megatrend

Core Viewpoint - TSMC raised its full-year revenue forecast due to strong demand for artificial intelligence, reporting record profits that exceeded market expectations [1][6] Group 1: Financial Performance - TSMC reported a 39.1% increase in third-quarter net profit, indicating robust financial health [6] - The company raised its 2025 revenue guidance to mid-30% growth in U.S. dollar terms, up from around 30% [2] Group 2: Market Outlook - TSMC's CEO noted that AI demand is stronger than previously anticipated, reinforcing confidence in the AI megatrend [3] - The company expects continued strong demand for chips, driven by significant investments in data center capacity by AI firms [4] Group 3: Industry Dynamics - Major AI firms have engaged in substantial deals with chipmakers, indicating a growing need for chip production capacity [3] - Concerns about a potential bubble in the AI and semiconductor sectors have emerged, but recent announcements suggest that demand remains resilient [4][5]