Taiwan Semiconductor Manufacturing Co. Stock News

Taiwan Semi reported 33% revenue growth in August, down from 45% growth in July. Revenue growth also fell on a sequential basis.

Taiwan Semiconductor Manufacturing Company (TSMC) reported consolidated net revenue for August 2024 of approximately NT$250.87 billion, reflecting a 2.4% decrease from July 2024. However, the figure represents a significant 33% increase compared to August 2023, driven by strong demand for artificial intelligence chips.

Taiwan Semiconductor's sales are booming, but its shares aren't as investors move away from chip stocks.

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Nvidia's (NASDAQ:NVDA) stock price has been on a tear in recent years, and is undoubtedly the best-performing mega-cap stock in the market.

TSMC will benefit from increasing AI chip demand. ASML should see revenue growth increase with the introduction of its newest technology.

Taiwan Semiconductor  (NASDAQ:TSM) remains among the top chip stocks many long-term investors continue to focus on.

Taiwan Semiconductor produces some of the most innovative chips available. Management expects its revenue to grow between 15% and 20% for many years.