What Can Drive TSMC's Revenue Rebound? Strong Demand for AI Chips from Nvidia, Broadcom, AMD
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Company Ltd (TSMC) expects a significant revenue rebound in the second half of the year, driven by the launch of new Apple iPhones and strong demand for AI chips from Nvidia, Broadcom, and AMD. The AI sector has seen a boost with companies like Alphabet's Google and Amazon entering the race. Nvidia has placed additional orders at TSMC, expecting Q2 revenue of $11 billion. Broadcom's AI-related customized chips have also seen increased orders from Google and Meta Platforms.
July 05, 2023 | 12:09 pm
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AMD is expected to benefit from the strong demand for AI chips.
The news indirectly mentions AMD as one of the beneficiaries of the strong demand for AI chips. This is likely to have a positive impact on its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Broadcom's AI-related customized chips have seen increased orders.
The news directly mentions increased orders for Broadcom's AI-related customized chips. This is likely to have a positive impact on its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia has placed additional orders at TSMC and expects Q2 revenue of $11 billion.
The news directly mentions Nvidia's additional orders at TSMC and its expected Q2 revenue. This is likely to have a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
TSMC expects a significant revenue rebound due to strong demand for AI chips and the launch of new Apple iPhones.
The news directly mentions TSMC's expected revenue rebound due to strong demand for its products. This is likely to have a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100