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, about 30% above last year, and net income hit NT$452.3 billion Indiatimes – 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…