TSMC monthly sales growth slows as AI demand moderates

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Taiwan Semiconductor Manufacturing Co. reported slowing growth in its revenue in October, potentially another indication that AI demand is moderating as the market turns frothy.

Sales in October rose 16.9%, the slowest pace since February 2024. Analysts on average expect TSMC sales to increase 27.4% in the current quarter. Still, TSMC shares have gained about 37% since the beginning of this year.

Global tech stocks suffered a rout last week on investors’ growing unease over the sector’s sky-high valuations, with Wall Street chief executives warning…



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TSMC monthly sales growth slows as AI demand moderates


Taiwan Semiconductor Manufacturing Co. reported slowing growth in its revenue in October, potentially another indication that AI demand is moderating as the market turns frothy.

Sales in October rose 16.9%, the slowest pace since February 2024. Analysts on average expect TSMC sales to increase 27.4% in the current quarter. Still, TSMC shares have gained about 37% since the beginning of this year.

Global tech stocks suffered a rout last week on investors’ growing unease over the sector’s sky-high valuations, with Wall Street chief executives warning…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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