TSMC Growth Slows As AI Rally Cools

Benzinga

TSMC reported its slowest monthly revenue growth since February, raising questions about the sustainability of the AI-driven chip boom. Despite this, TSM’s ADRs rose in premarket trading, while concerns grow over whether the semiconductor rally is peaking. Nvidia’s Jensen Huang recently met with TSMC CEO C.C. Wei to request more chip supply amid tight capacity.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Taiwan's semiconductor manufacturing company reported slower monthly revenue growth,

00:07raising doubts about the durability of the AI-driven chip demand, according to Bloomberg.

00:12TSMC's October sales rose 16.9%, marking its slowest growth since February 2024,

00:20while analysts expect a 16% sales increase for the current quarter.

00:24TSMC's American Depository receipts climbed 3% in pre-market trading.

00:29Analysts expect a 16% sales increase for the current quarter.

00:33A sharp drop in Asian tech stocks last week fueled concerns that the AI and semiconductor rally is peaking,

00:39as Wall Street leaders warned of a market correction and Michael Burry's firm bet against NVIDIA.

00:44NVIDIA CEO Jensen Huang met with TSMC CEO C.C. Wei in Taiwan to request more chip supplies amid tight capacity.

00:54TSMC also manufactures chips for NVIDIA's rivals AMD and Qualcomm,

00:58as well as Apple's iPhone processors.

01:00For all things money, visit Benzinga.com.

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