• 3 months 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.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:03Taiwan Semiconductor reported strong revenue growth in the second quarter, exceeding analyst
00:07forecasts.
00:08Revenue increased over 30% year-over-year, driven by strong demand for AI applications
00:13from customers like Apple and NVIDIA.
00:16For June alone, TSMC's revenue rose over 30% compared to the same month last year.
00:21The strong results were boosted by ongoing growth in demand for AI technologies.
00:26Investors have risen over 70% so far this year, compared with a more than 30% gain for
00:31the broader market.
00:32For all things money, visit Benzinga.com.

Recommended

9:22
I
Up next
U.S Affordable Housing Crisis: Voters Divided Between Harris, Trump| Inside Thompson Markward Hall
Oneindia
3:54
Assam CM Himanta Sarma Warns of Alarming Demographic Shift Impacting Jarkhand's Future | Oneindia
Oneindia
2:59
Shocking Fireworks Accident at Kasaragod Temple Festival: Over 150 Injured, 8 in Critical Condition
Oneindia
0:31
AMD Shares Rebound After Chipmaker Posts Q2 Beat, Guidance Tops Expectations: CEO Lisa Su Says AI Business Accelerating
Benzinga
0:39
Nvidia Shares Drop 6% After Reporting Record Revenues. Can the Chip Giant Sustain Its Dominance?
Benzinga
1:31
Twitter Is Now 'X'
Wibbitz Top Stories
0:39
Nvidia Hits Record Close, Fueled by AI Spending. Investors Anticipate Earnings Season From Major Tech Customers.
Benzinga
0:54
This Day in History: John F. Kennedy Is Assassinated
Wibbitz Top Stories
0:39
TSMC Raises Revenue Outlook for 2024, As AI Chip Demand Fuels Record-Breaking Revenue
Benzinga
0:43
Tesla Stock Soars 22% After Earnings Beat, Posting Best Day In Over A Decade
Benzinga
0:38
Nvidia Posts Impressive $30 Billion in Q2 Sales, but Shares Slip 5%. Are Investors Souring on the AI Chip Giant
Benzinga
2:56
TSMC Is Reporting Lower Revenue But It Still Looks Like A Buy
Bullish Studio
0:38
Micron's Posts Strong Quarterly Results, Forecasts Steady Revenue on AI Product Demand
Benzinga
0:45
Salesforce Beats Earnings and Revenue Expectations
Benzinga
0:40
Global Chipmakers Rise as Micron's Strong Revenue Forecast Spurs Global Chip Stock Rally
Benzinga
0:41
Nvidia Supplier SK Hynix Q3 Profits Soar, Driven by High-Bandwidth Memory Demand in AI
Benzinga
1:02
TSMC Reports 10.83% YoY Revenue Decline Despite Ramping Up Chip Production
Benzinga
0:33
Nvidia Stock Poised For a Nearly $300 Billion Market Jolt As Q2 Earnings Loom, Says Goldman Sachs: 'Can You Imagine If NVDA Beats Expectations?'
Benzinga
0:48
Nvidia's Stock Hits Record Highs, Surpasses $1.3 Trillion Market Cap
Benzinga
0:35
Nvidia Faces Market Volatility After Its Stock Value Soars. Will It Deliver a Return for Investors?
Benzinga
0:45
Nvidia Announces 10-for-1 Stock Split Following Entry Into Trillion Dollar Club. Analysts Predict 'Generational Opportunity'
Benzinga
0:36
JPMorgan Analyst Predicts a 36% Upside for Micron Stock, Says Stock 'Should Continue to Outperform' Into 2025
Benzinga
0:37
Arm Holdings Stock Dips Despite Reporting Impressive Quarterly Revenue Surge, Beating Expectations
Benzinga
0:38
Dell Technologies Surpasses Expectations, Boosts Full-Year Revenue Guidance as AI-Optimized Server Orders Drive Growth
Benzinga
0:42
Super Micro Stock Tumbles 13% After Earnings Disappointment. Shares Plummet 13%.
Benzinga