TSMC Q3 Revenue Surges 50% to $46.7B, Beating Forecasts on AI Demand
NVDA sits 45% above its 52-week low of $164.27.
Summary
TSMC posted record Q3 revenue of T$1.49 trillion ($46.71B), up 50% year-over-year and above the LSEG SmartEstimate of T$1.46 trillion. The beat was driven by surging AI chip demand. As a key supplier to Nvidia and Apple, TSMC's results are a direct read-through to AI infrastructure spending. This follows Nvidia's own Q2 revenue doubling to $96.2B and its $105B Ohio data center guarantee, reinforcing the AI capex cycle. The magnitude of the beat is modest relative to the forecast, but the 50% growth rate confirms continued hypergrowth in the AI supply chain.
At the time of this announcement, NVDA was trading at $237.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.7T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.