TSMC Surges 3% in Premarket Trading on Strong AI Chip Demand

8月9日

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, saw its shares rise by 3% in premarket trading on Friday following a remarkable surge in monthly sales. TSMC's July revenue soared by 45%, reflecting the robust demand for artificial intelligence (AI) chips, particularly from tech giants like Nvidia and Advanced Micro Devices (AMD). This strong performance is bolstering confidence in the company's ability to exceed market expectations for the third quarter.

Impressive July Sales Highlight AI Boom
TSMC's sales reached NT$256.95 billion ($7.9 billion) in July, a significant increase that accelerates the company's growth from the previous quarter. This surge in revenue suggests that TSMC is well on track to surpass analysts' projections of NT$747.4 billion for the third quarter. The company's role as a key supplier to industry leaders such as Nvidia, Apple, and AMD positions it as a critical player in the ongoing AI boom, which has driven unprecedented demand for high-performance computing chips.

Last quarter, high-performance computing, spearheaded by AI, accounted for 52% of TSMC's revenue, marking the first time this segment has contributed more than half of the company’s earnings. This trend underscores the increasing reliance on AI-driven technologies across various industries and highlights TSMC's pivotal role in meeting this demand.

Positive Outlook Amid Market Uncertainty
TSMC’s strong July performance comes on the heels of the company raising its full-year growth outlook to beyond the maximum mid-20% range it had previously guided. CEO C.C. Wei’s optimistic assessment of the company’s prospects, coupled with the potential for price increases as customers transition to TSMC’s most advanced technology, has further fueled investor confidence.

Despite concerns about the global economic outlook and recent market volatility, TSMC remains a bellwether for the AI market. The company’s 44.7% year-over-year sales surge in July, the second-highest in the past 20 months, aligns with expectations for a robust third quarter. The significant orders for 3-nanometer chips from tech giants like Apple, Qualcomm, and MediaTek further reinforce TSMC's strong market position and growth potential.

Investor Sentiment and Market Recovery
The AI rally that had propelled TSMC and other key players to substantial market gains faced a brief interruption last week due to concerns about the global economy. TSMC’s shares experienced a sharp 10% drop in a single day as investors opted to cash out some of the year’s biggest gainers. However, the company quickly recovered much of that loss as savvy investors recognized the dip as a prime buying opportunity, underscoring the market's underlying confidence in TSMC's long-term prospects.

Conclusion: TSMC's Future Looks Bright
With its impressive July sales figures and strong positioning in the AI chip market, TSMC is poised to continue its upward trajectory. As the demand for AI and high-performance computing chips shows no signs of slowing down, TSMC’s ability to capitalize on this trend places it at the forefront of technological innovation and market leadership. The company’s robust sales growth, coupled with its strategic partnerships with tech giants, suggests that TSMC is well-positioned to not only meet but exceed market expectations in the coming quarters.