TSMC posts 34% surge in November sales in sign of ongoing AI boom
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TSMC reported a 34% increase in November sales, driven by strong demand for advanced microchips, particularly due to the AI boom following the launch of ChatGPT in November 2022.
December 10, 2024 | 11:00 am
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TSMC's November sales surged by 34%, indicating strong demand for its advanced microchips amid the AI boom, particularly after ChatGPT's launch.
The 34% increase in sales is a direct result of the ongoing demand for advanced microchips, fueled by the AI boom. This positive sales performance is likely to boost investor confidence and positively impact TSM's stock price in the short term.
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