Скачать или смотреть TSMC Posts Slowest Growth Since 2024 as Nvidia CEO Asks for More Chip Supplies

Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue as investors debate the sustainability of an AI boom that has propelled the stocks of customers like Nvidia Corp. this year. In other news, Nvidia Corp. Chief Executive Officer Jensen Huang said he had asked Taiwan Semiconductor Manufacturing Co. for more chip supplies as artificial intelligence demand remains strong. Bloomberg's Mandeep Singh joins to discuss.

Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue as investors debate the sustainability of an AI boom that has propelled the stocks of customers like Nvidia Corp. this year. 
TSMC posted a 16.9% rise in sales for October, the slowest pace since February 2024. Still, that is on track with the average analyst estimate of a 16% sales increase in the current quarter. TSMC’s American depository receipts were up as much as 3% in pre-market trading.
Industry executives remain buoyant about AI-driven growth as major tech firms are accelerating investments in data centers. The TSMC revenue gain covers just a single month of business, offering investors less insight.
Still, the market is on edge. 


Investors were jolted last week by a sudden slump in Asia’s technology shares, which raised concerns that the world-beating rally in artificial intelligence and semiconductor stocks may be faltering. Wall Street chief executives have warned of an overdue market correction, and Michael Burry’s Scion Asset Management disclosed bearish wagers on Nvidia.

That’s in spite of massive spending plans from leading AI players. 
Meta Platforms Inc., Alphabet Inc., Amazon.com Inc. and Microsoft Corp. will collectively spend more than $400 billion to fund an AI buildout next year, a 21% hike from 2025, to secure leadership in the race in emerging technologies. 

Chief Executive Officer Jensen Huang of Nvidia, which is the primary AI chip supplier to major companies, said on Saturday his business is “growing month by month, stronger and stronger.” 
Huang met TSMC Chief Executive Officer C.C. Wei and asked for more chip supplies during his two-day whirlwind trip to Taiwan. Major chip designers are all trying to extract more production from the Hsinchu-based company, which is constrained by limited capacity.
TSMC is the go-to chipmaker for the Santa Clara, California-based firm’s competitors including Advanced Micro Devices Inc. and Qualcomm Inc., and it makes Apple Inc.’s silicon for iPhones and other gadgets. 
Huang’s optimism is shared by his rivals. Qualcomm Chief Executive Officer Cristiano Amon told Bloomberg TV last week that the world is underestimating how big AI will get.
In October, Wei told analysts that TSMC’s capacity was still very tight and the company is working hard to narrow the gap between demand and supplies. 

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