Wedbush Analyst Says TSMC Blowout Earnings Confirm AI Demand Is 'Really, Really Strong' — Bullish Signal For Nvidia And Big Tech
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Wedbush Analyst Matt Bryson stated that TSMC's strong second-quarter earnings confirm robust AI demand, signaling positive prospects for Nvidia and the tech sector. TSMC reported $30.07 billion in revenue, a 38.6% year-over-year increase, driven by AI-related chip sales. Bryson noted no signs of AI demand slowdown and highlighted ongoing supply chain demand. TSMC's third-quarter revenue forecast is between $31.8 billion and $33.0 billion, with strong gross and operating margins. TSMC shares rose 3.38% following the earnings report.
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