$NVIDIA(NVDA.US) is expected to hit new highs tonight.
TSMC's October sales increased by 29.2% year-on-year, the lowest growth rate since February. Is this a warning bell for AI chip demand?
On Friday, November 8, TSMC announced its sales figures for October. October sales reached NT$314.24 billion, up 29.2% year-on-year and 24.8% month-on-month. In September, TSMC's sales grew by nearly 40% year-on-year. From March to September, the company's monthly sales growth exceeded 30%.
Bloomberg pointed out that TSMC's October sales data sounded a warning bell for the sustainability of AI chip demand. However, after the revenue data was released, TSMC's U.S. stock rose more than 3% in after-hours trading.$Taiwan Semiconductor(TSM.US)
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