TSMC Beats Forecasts On ‘Insane’ AI Demand Nasdaq 100 futures rose 80 bps as US chip stocks jumped in premarket trading in New York after Taiwan Semiconductor Manufacturing reported ‘insane’ AI demand. This comes days after Dutch semiconductor equipment maker ASML posted disappointing earnings and sales forecast that sent global chip stocks into a downward spiral. The Taiwan-headquartered chipmaker reported a 54% YoY jump in net profit to NT$325.3 billion ($10.2 billion) in the third quarter, exceeding the average Wall Street estimate of NT$299.3 billion (tracked by Bloomberg). The sharp profit increase was primarily due to the ‘insane’ demand for AI chips. Here’s a… — Continue at ZeroHedge News : Read More
