Taiwan Semiconductor Manufacturing ($TSM) posted explosive Q3 results, topping consensus estimates for both revenue and EPS and delivering record

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TSMC's Q3 and future prospects in the AI market, despite challenges, shows promising growth and margin potential. Click for our TSM earnings update.

The Taipei-listed shares of TSMC hit a record high on Friday after the world's largest contract chipmaker posted forecast-beating third-quarter earnings and gave a rosy outlook for strong artificial intelligence (AI) demand.

Taiwan Semiconductor Manufacturing stock was rising after the company posted a big jump in profit and sales for the third quarter, beating analysts’ estimates. It’s a sign of strong demand for artificial-intelligence chips.

TSMC, the world's largest contract chipmaker, said on Thursday it expects strong growth in its business to be sustained as it reported a forecast-beating 54% jump in quarterly profit due to soaring demand for chips used in artificial intelligence (AI).

Director of Investor Relations [Foreign language] Good afternoon, everyone, and welcome to TSMC's third quarter 2024 earnings conference call. This is Jeff Su, TSMC's and your host for today. TSMC is hosting our earnings conference call via live audio webcast through the company's website at where you can also download the earnings release materials.