Taiwan Semiconductor (TSM) is a key player in the tech industry, manufacturing advanced AI processors for companies like Nvidia and AMD. With strong Q3 earnings and a market cap of $1.65 trillion, TSMC is set to report its Q4 results on Jan. 15, positioning the stock well for investors eyeing the AI boom.

TSMC’s third-quarter earnings showed a 41% YOY revenue increase to $33.1 billion, driven by advanced chip technologies accounting for 74% of total wafer revenue. The company achieved impressive profitability with gross margin at 59.5%, operating margin at 50.6%, and net profit margin at 45.7%, reflecting strong demand for AI chips.

Management anticipates continued demand for leading-edge process technologies in Q4, projecting revenue between $32.2 billion and $33.4 billion. Wall Street expects a 21% YOY profit increase to $2.71 per ADR, with a consensus “Strong Buy” rating and price targets suggesting potential upside. Analysts have faith in TSMC’s ability to deliver strong results amidst the global AI boom.

Read more at Yahoo Finance: Dear Taiwan Semi Stock Fans, Mark Your Calendars for January 15