TSMC share price rally: Chip manufacturer reports profit jump due to AI boom

The company once again exceeded analysts' expectations. TSMC is benefiting from the AI megatrend. Chip developers like Nvidia and AMD are barely able to meet demand. Companies around the world are building gigantic data centers at a rapid pace, but are barely keeping up with the demand for computing power.

Europe’s chip stocks are also recovering

TSMC has already commented on its revenue development. Revenue grew by nearly 39 percent to nearly 934 billion Taiwan dollars (31.8 billion US dollars) in the second quarter. For the third quarter, the company expects revenue of the equivalent of 31.8 to 33 billion US dollars, which would certainly exceed analysts' expectations.