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TSMC Shares Surge on Record Q3 Profit Fueled by AI Chip Demand

TSMC Shares Surge on Record Q3 Profit Fueled by AI Chip Demand

Author:

Global Cryptocurrency

Published:

2025-10-16 07:39:02

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BTCCSquare news:

Taiwan Semiconductor Manufacturing Co. (TSMC) shares climbed sharply after reporting a 39% jump in third-quarter profit, reaching NT$452.3 billion ($14.8 billion). The surge was driven by robust demand for high-performance computing chips, particularly those used in AI and 5G applications.

Revenue from TSMC's high-performance computing division, which serves clients like Nvidia and Apple, accounted for 57% of total sales. Analysts maintain a Strong Buy rating on the stock, with a $308 price target suggesting modest upside potential.

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