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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.
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