Apple and Nvidia Drive TSMC's Revenue Growth, Surpasses Analyst Forecasts with Over 30% Revenue Growth in Q2

Benzinga
Benzinga
  • 19 days ago
TSMC reported strong revenue growth in the second quarter, exceeding analyst forecasts. Revenue increased over 30% yearly, driven by strong demand for AI applications from customers like Apple and Nvidia. For June alone, TSMC's revenue rose over 30% compared to last year. The strong results were boosted by ongoing growth in demand for AI technologies. Shares have risen over 70% this year, compared with a more than 30% gain for the broader market.

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