$NVIDIA(NVDA.US) should continue to reach new highs tonight
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 29.2% year-on-year increase in October sales, the lowest growth rate since February. Is this a warning for AI chip demand?
On Friday, November 8th, TSMC announced its sales figures for October. October sales reached NT$314.24 billion, a year-on-year increase of 29.2% and a month-on-month increase of 24.8%. In September, TSMC's sales grew nearly 40% year-on-year. Prior to this, from March to September, the company's monthly sales growth rate exceeded 30%.
A Bloomberg article pointed out that TSMC's October sales data raises alarms about the sustainability of AI chip demand. However, after the revenue data was released, TSMC's U.S. stock surged over 3% in after-hours trading. $Taiwan Semiconductor(TSM.US)
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