Apple's 3nm Push Boosts Taiwan Semi's Q3, AI Revenue Set To Triple: Analyst
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Co (TSM) reported strong Q3 results, driven by demand for 3nm and 5nm technologies, particularly from Apple. The company expects AI revenue to triple and has raised its full-year revenue growth target. TSM's stock surged 11.7% following the announcement.
October 17, 2024 | 5:33 pm
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POSITIVE IMPACT
Apple's demand for 3nm technology significantly contributed to Taiwan Semiconductor's strong Q3 results, highlighting Apple's influence on TSM's performance.
Apple's demand for 3nm technology was a key factor in TSM's strong Q3 performance, indicating Apple's significant influence on its suppliers' success.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Nvidia, a key customer of TSM, benefits indirectly from TSM's strong performance and capacity expansion, which supports Nvidia's supply chain.
As a key customer of TSM, Nvidia benefits from TSM's strong performance and capacity expansion, which ensures a stable supply chain for Nvidia's products.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Taiwan Semiconductor's Q3 results exceeded expectations with strong demand for 3nm and 5nm technologies, particularly from Apple. The company raised its full-year revenue growth target and expects AI revenue to triple.
TSM's strong Q3 performance, driven by demand for advanced technologies and AI, led to a significant stock price increase. The raised revenue growth target and AI revenue expectations further support a positive outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100