U.S. Stock Movement | Upgraded third-quarter earnings guidance, Taiwan Semiconductor rises over 3%, continuing to set historical highs
On Thursday, Taiwan Semiconductor rose over 3%, continuing to set a new historical high at $245.40. On the news front, the company's earnings per share for the second quarter were $2.47, exceeding the market expectation of $2.39 by $0.08; revenue grew 44.4% year-on-year to $30.07 billion, slightly below the market expectation of $30.35 billion. The company raised its guidance for third-quarter performance, expecting third-quarter revenue to be between $31.8 billion and $33 billion, compared to the market expectation of $30.7 billion. "The growth engine for Taiwan Semiconductor mainly comes from strong demand for AI-related chips, especially advanced processes below 7 nanometers," said Brady Wang, Deputy Director of Counterpoint Research. "The demand growth driven by the AI wave is highly sustainable, and AI is still in its early development stage, accelerating its penetration into various industries."
According to Zhitong Finance APP, on Thursday, Taiwan Semiconductor (TSM.US) rose over 3%, continuing to set a historical high at $245.40. On the news front, the company's earnings per share for the second quarter were $2.47, exceeding the market expectation of $2.39 by $0.08; revenue grew 44.4% year-on-year to $30.07 billion, slightly below the market expectation of $30.35 billion. The company raised its guidance for third-quarter performance, expecting third-quarter revenue to be between $31.8 billion and $33 billion, compared to the market expectation of $30.7 billion.
"The growth engine for Taiwan Semiconductor mainly comes from the strong demand for AI-related chips, especially advanced processes below 7 nanometers," said Brady Wang, Deputy Director of Counterpoint Research. "The demand growth driven by the AI wave is highly sustainable, and AI is still in its early development stage, accelerating its penetration into various industries."
