TSMC's latest results point to AI chip demand still running ahead of supply, supporting the semiconductor and equipment trade. Cantor says TSMC raised its 2026 revenue outlook again, guided December-quarter sales above consensus and held 65-67% gross-margin guidance through the N2 ramp; its bullish sector read names Nvidia, Broadcom, AMD, ASML, Applied Materials, Lam Research and KLA. Jensen Huang says AI labs need not reach trillions in revenue to justify the buildout. x.com  x.com 

TSMC's record quarter shows chip demand is accelerating, not peaking. Q3 revenue was about $46.7 billion (NT$1.49 trillion), up 51% year over year and above both the top of TSMC's guidance and Street estimates of NT$1.46 trillion. Quarterly revenue is up about 2.4x in three years. Despite bubble fears, the AI buildout still looks early and TSMC can go much higher than people realize. x.com 

TSMC's shifting cost structure is pressuring gross margin despite revenue and EPS beats. TSMC reported Q3 gross margin of 66.4%, down from 67.7% in Q2, and another decline is guided next quarter; Arizona is expected to drag gross margin by 2-4%. TSMC is checking AI data-center progress as it plans wafer capacity, while reiterating long-term AI demand strength. Price hikes may be next, given management's commitment to protect shareholder interests. x.com  x.com 

TSMC, the global AI weapons dealer, could be a $500 stock by January 2028 with some peace in the Middle East, as AI demand is "extremely robust." Q1 net income rose 58% to NT$572.5 billion, beating estimates, with gross margin at 66.2%. Q2 revenue guidance of $39.0-40.2 billion would be its strongest quarter ever, and full-year growth is now seen above 30% in USD. Headwinds include 2nm and overseas fab margin dilution and rising Middle East-linked chemical and gas costs. x.com  x.com 

TSMC's AI-era growth opportunity makes it an incredibly bullish investment. CEO C.C. Wei said its annualized growth opportunity is probably higher than a high-50% CAGR. x.com 

TSMC may lose pricing power as performance gains shift from shrinking transistors to stacking, interconnects and optics, while logic folding could make older processes competitive. Despite strong leading-edge demand, investors may overestimate the profit share its node leadership can retain. Its cautious expansion and past reluctance toward advanced packaging suggest a risk-averse culture that protects returns but could leave it late to disruptive technologies and key customers. x.com 

TSMC's blockbuster quarter contradicts the AI bears' narrative. Revenue grew 36% and EPS 77.4%, with EPS of $4.31 versus $3.77 expected and revenue of $40.2B versus $39.7B. Capex also came in higher than expected at $15B versus $11B. x.com 

TSMC keeps delivering massive growth at a $1.9T market cap. Its latest quarter showed revenue up 41%, net income up 58% and 66% margins. x.com 

AI suppliers' demand may not justify today's investment. Roughly $3 trillion in revenue absent last year is needed to support the spending, yet GDP growth is weak and many companies may be seeing only incremental gains. If the estimate that Anthropic uses two-thirds of its compute for training is right, it could triple inference supply. The most likely outcome for many companies, roughly half the S&P 500, is slowing growth, compressed margins and multiples; when the bubble ends is uncertain. … Show more

TSMC's AI growth still faces margin pressure from overseas fab expansion and a faster A14 ramp for mobile customers facing 2nm SoC challenges. 3Q gross margin of 66.4% missed expectations, and the 4Q guide is softer at 65-67%; margins are expected to remain largely flat through 2027-28 despite projected 39% revenue growth in 2027. Hold; target nudged to NT$2,999 at 20x 2027 earnings. x.com  x.com  x.com