TSMC Sales Jump Again -- Nvidia and Apple Orders Keep the AI Chip Boom Going

What happened: Taiwan Semiconductor Manufacturing (NYSE:TSM) reported October revenue of NT$586.89 billion, about $18.4 billion, up 59.7% from a year earlier. The company gave no outlook or other details in the short statement. Key numbers: October revenue NT$586.89 billion, up 59.7% year over year. Why it matters: Demand for advanced chips used in artificial intelligence appears to be driving the gains, with Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL) among its customers. October's pace sits just under the 63% growth analysts forecast for the fourth quarter. Market: +2.4% today ($350.69), +29.6% YTD, 1.1x vol — as of 11:45 UTC Coverage: 4 outlets in 24h

Taiwan Semiconductor Manufacturing (NYSE:TSM) reported October revenue of NT$586.89 billion, about $18.4 billion, up 59.7% from a year earlier. The company gave no outlook or other details in the short statement.

Demand for advanced chips used in artificial intelligence appears to be driving the gains, with Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL) among its customers. October's pace sits just under the 63% growth analysts forecast for the fourth quarter. Market: +2.4% today ($350.69), +29.6% YTD, 1.1x vol — as of 11:45 UTC