Taiwan Semiconductor Manufacturing Co. (TSMC) is flexing its silicon muscles 💪 with a projected 40% leap in Q3 profits, fueled by sky-high demand for AI chips! Analysts predict a net profit of $9.27 billion—up from $6.69 billion last year—as tech giants like Apple and Nvidia scramble for advanced semiconductors.
📊 The AI gold rush has turbocharged TSMC’s stock, which has rocketed 77% this year—crushing the market’s 28% gains. Meanwhile, rival Intel faces headwinds 😬 as it struggles to catch up in the contract chipmaking race.
💡 Investors are glued to TSMC’s Thursday earnings call, where updates on 2024 spending (already bumped to $30B-$32B) could signal even hotter growth ahead. With AI reshaping tech faster than a TikTok trend 🚀, TSMC’s foundries are the world’s hottest hardware ticket.
