From Yahoo Finance: 2024-07-10 04:05:56

Taiwan Semiconductor Manufacturing Co. reported a 40% sales growth in the second quarter, reaching NT$673.5 billion. The surge was driven by AI chip orders amid a boom in data center investment worldwide, with TSMC supplying chips to Nvidia and Apple. The company’s strong performance has led to a rise in its stock price and market capitalization. However, concerns about valuation are emerging, with some analysts cautioning that stocks like Nvidia may be “getting fully valued” despite significant gains in share price. TSMC’s success has also lifted Taiwan’s Taiex Index by over 40% in the past year.



Read more at Yahoo Finance: TSMC Sales Surge Past Expectations on AI Infrastructure Boom