TSMC Stock Rockets on AI Boom: Record Profit and $1T Valuation Stun Markets
Record Q3 Results Drive Rally TSMC’s latest earnings confirmed the AI-driven boom in semiconductors. July–September revenue jumped to NT$989.9 billion (≈$32.5 billion)reuters.com, about 30% above last year, and net income hit NT$452.3 billioneconomictimes.indiatimes.com – both well above analysts’ estimates. High-performance computing (HPC) chips – used in AI servers – dominated the quarter, with the HPC unit accounting for roughly 57% of saleseconomictimes.indiatimes.comeconomictimes.indiatimes.com. Counterpoint Research analyst William Li commented that the “strong traction at 3nm as well as high utilization at 4/5nm” from orders by AI GPU and data-center customers directly drove these robust earningseconomictimes.indiatimes.com. CEO C.C. Wei echoed this, saying recent AI developments