Market News / Story
TSMC Sales Soar 50%. The Stock Is Falling Anyway
GuruFocus ·
GuruFocus reports: Taiwan Semiconductor Manufacturing Company delivered another quarterly sales record, with revenue growth accelerating as chip orders tied to artificial intelligence infrastructure continued to underpin demand. Shares of TSMC Dipped 1.5% early Thursday following the news. Revenue for the September quarter rose to NT$1.49 trillion, an increase of 50% from the same period a year earlier. The figure also came in above the NT$1.46 trillion LSEG SmartEstimate and exceeded the…