TSMC Just Raised Its Revenue Forecast Thanks to the AI Boom — What This Means for Tech Stocks
TSMC Raises Revenue Forecast on AI-Driven Boom
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest maker of advanced computer chips, announced it is raising its full-year revenue forecast thanks to soaring demand fueled by artificial intelligence (AI). The chip giant recently posted record profits that surpassed analysts' expectations,