Benzinga
  • 2 days ago
Taiwan Semiconductor Manufacturing Company reported a 34% jump in November sales, fueled by sustained AI demand. October-November combined sales rose, and shares are up 80% this year. TSMC has become a key indicator of AI data center expansion, benefiting from significant server and data center investments by tech giants since ChatGPT's launch. Robust demand for AI and high-end smartphone chips continues despite concerns over slowing data center construction.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Taiwan Semiconductor Manufacturing Company reported a 34% jump in November sales,
00:07fueled by sustained AI demand. October through November combined sales rose,
00:11and shares are up 80% this year. TSMC has become a key indicator of AI data center expansion,
00:17benefiting from significant server and data center investments by tech giants since
00:21ShatGBT's launch. Robust demand for AI and high-end smartphone chips continues despite
00:27concerns over slowing data center construction. For all things money, visit Benzinga.com slash GSTV.

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