Global Market: TSMC set for sixth straight record quarterly profit on AI chip boom

What happened: TSMC is set to report a sixth straight record quarterly profit, with analysts citing robust demand for its advanced chipmaking capacity and CoWoS packaging technology as tech companies keep investing in AI infrastructure. Key numbers: Expected Q3 net profit up 65% year on Why it matters: The earnings call at 0600 GMT on Thursday will be watched for fourth-quarter outlook and updated full-year guidance. Results come amid concerns that further US Federal Reserve rate hikes could weigh on AI-related stocks. ASML said customers were already looking to order for 2029 and 2030. Coverage: 3 outlets in 24h

TSMC is set to report a sixth straight record quarterly profit, with analysts citing robust demand for its advanced chipmaking capacity and CoWoS packaging technology as tech companies keep investing in AI infrastructure.

The earnings call at 0600 GMT on Thursday will be watched for fourth-quarter outlook and updated full-year guidance. Results come amid concerns that further US Federal Reserve rate hikes could weigh on AI-related stocks. ASML said customers were already looking to order for 2029 and 2030.