<p><strong>台積電</strong>（TSM 1.66%）憑藉其作為全球最大半導體代工廠的地位，成為人工智能（AI）芯片熱潮的中心。該公司，通常被稱為 TSMC，在 7 月 17 日公佈了第二季度的業績，提醒市場為什麼它是抓住 AI 半導體需求增長的最佳方式之一。</p>
<p>所有主要芯片公司，如 <strong>博通</strong>、<strong>美滿</strong>、<strong>英偉達</strong>、<strong>超威</strong> 和 <strong>英特爾</strong>，都在使用 TSMC 的製造廠來生產他們的 AI 芯片。此外，進入 AI 智能手機的芯片也在 TSMC 的設施中製造，因為它還將 <strong>高通</strong> 和 <strong>蘋果</strong> 等公司視為客户。</p>
<p>這一世界級的客户基礎和 AI 芯片市場的長期增長使得 TSMC 能夠交出出色的第二季度業績，並提升了其全年指引。仔細看看最新的數據，你會發現現在對於投資者來説，購買這隻熱門 AI 股票仍然為時不晚。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU4NjIvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utd3JpdHRlbi1vbi1hLXByb2Nlc3Nvci5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="393" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU4NjIvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utd3JpdHRlbi1vbi1hLXByb2Nlc3Nvci5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>TSMC 的 AI 驅動增長將持續</h2>
<p>TSMC 報告稱，其第二季度收入同比增長 44%，達到 301 億美元，超出其指引範圍的高端。同時，該公司的調整後每股收益以 61% 的更快速度飆升，證明了其強大的定價能力。</p>
<p>TSMC 控制着全球半導體代工市場的 68%，遠遠領先於其最近的競爭對手三星，後者的市場份額僅略低於 8%。該公司能夠在競爭中建立如此巨大的差距，得益於其工藝節點的技術領先。因此，TSMC 有能力提高其服務的價格，這也解釋了為什麼其毛利率在上個季度同比增長了超過五個百分點。</p>
<p>重要的是，TSMC 現在預計其全年收入將在 2025 年增長 30%，高於之前預計的中 20% 的增長。但 TSMC 可能會在年底實現更大的收入增長，因為它在 2025 年上半年已經實現了 40% 的同比增長，並預計在當前季度（在指引的中點）收入將激增 38%。</p>
<p>值得注意的是，TSMC 表示其指引考慮了關税對其業務的潛在影響。即便如此，該公司仍然提高了其全年展望，看到 2025 年結束時收入和收益出現超出預期的增長也並不令人驚訝。事實上，考慮到 AI 帶來的長期增長機會，TSMC 的快速增長似乎在可預見的未來是可持續的。</p>
<p>TSMC 所服務的各種以 AI 為中心的終端市場在未來五年內有望顯著增長。例如，根據諮詢公司麥肯錫的預測，AI 芯片和計算硬件的投資到 2030 年可能超過 3 萬億美元。</p>
<p>毫不奇怪，分析師們也在提高對該公司 2027 年前收益的預期。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/47d396d673a00c81ec973336cedf61b1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="380" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/47d396d673a00c81ec973336cedf61b1.png"/></p>
<p>數據來源：YCharts。</p>
<h2>股票具備更大上漲空間</h2>
<p>TSMC 的股票在過去三個月中上漲了令人印象深刻的 59%。即便如此，它的交易市盈率為 28 倍，而科技股密集的 <strong>納斯達克 100</strong> 指數的平均市盈率超過 32 倍。24 倍的前瞻市盈率更具吸引力，進一步表明該公司持續的盈利增長。</p>
<p>希望在投資組合中增加 AI 股票的投資者應考慮將 TSMC 作為首選。儘管每個季度的表現都非常出色，但它仍有上漲空間，並且交易價格低於更廣泛的科技行業。</p>

台積電

半導體 3 倍做多 - Direxion

<p>台灣半導體制造公司（TSMC）被認為是領先的人工智能芯片股票，第二季度報告的收入同比增長 44%，達到 301 億美元。TSMC 在全球半導體代工市場佔有 68% 的份額，預計 2025 年收入將增長 30%。該公司已上調全年指引，預計受益於蓬勃發展的人工智能市場，將繼續保持強勁表現。TSMC 的股票在三個月內上漲了 59%，目前的市盈率具有吸引力，成為希望利用人工智能增長機會的投資者推薦購買的對象</p>

<p><strong>Taiwan Semiconductor Manufacturing</strong>(TSM 1.66%) has been at the center of the artificial intelligence (AI) chip boom by virtue of its status as the world's largest semiconductor foundry. The company, commonly known as TSMC, reported second quarter results on July 17, only to remind the market why it is one of the best ways to capitalize on the growth in AI semiconductor demand.</p>
<div class="lb-trans"><p><strong>台積電</strong>（TSM 1.66%）憑藉其作為全球最大半導體代工廠的地位，成為人工智能（AI）芯片熱潮的中心。該公司，通常被稱為 TSMC，在 7 月 17 日公佈了第二季度的業績，提醒市場為什麼它是抓住 AI 半導體需求增長的最佳方式之一。</p>
</div><p>All the major chip companies, such as <strong>Broadcom</strong>, <strong>Marvell</strong>, <strong>Nvidia</strong>, <strong>AMD</strong>, and <strong>Intel</strong>, have been using TSMC's fabrication plants to manufacture their AI chips. Moreover, the chips that go into AI-enabled smartphones are manufactured at TSMC's facilities since it counts the likes of <strong>Qualcomm</strong> and <strong>Apple</strong> as customers too.</p>
<div class="lb-trans"><p>所有主要芯片公司，如 <strong>博通</strong>、<strong>美滿</strong>、<strong>英偉達</strong>、<strong>超威</strong> 和 <strong>英特爾</strong>，都在使用 TSMC 的製造廠來生產他們的 AI 芯片。此外，進入 AI 智能手機的芯片也在 TSMC 的設施中製造，因為它還將 <strong>高通</strong> 和 <strong>蘋果</strong> 等公司視為客户。</p>
</div><p>This world-class client base and the secular growth of the AI chip market allowed TSMC to deliver outstanding Q2 results and boost its full-year guidance as well. Take a closer look at the latest numbers, and you'll see why it's not too late for investors to buy this hot AI stock.</p>
<div class="lb-trans"><p>這一世界級的客户基礎和 AI 芯片市場的長期增長使得 TSMC 能夠交出出色的第二季度業績，並提升了其全年指引。仔細看看最新的數據，你會發現現在對於投資者來説，購買這隻熱門 AI 股票仍然為時不晚。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU4NjIvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utd3JpdHRlbi1vbi1hLXByb2Nlc3Nvci5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F825862%2Fartificial-intelligence-written-on-a-processor.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>TSMC's AI-fueled growth is here to stay</h2>
<div class="lb-trans"><h2>TSMC 的 AI 驅動增長將持續</h2>
</div><p>TSMC reported an impressive 44% year-over-year increase in its Q2 revenue to $30.1 billion, exceeding the high end of its guidance range. Meanwhile, the company's adjusted earnings per share shot up at a much faster pace of 61%, a testament to its solid pricing power.</p>
<div class="lb-trans"><p>TSMC 報告稱，其第二季度收入同比增長 44%，達到 301 億美元，超出其指引範圍的高端。同時，該公司的調整後每股收益以 61% 的更快速度飆升，證明了其強大的定價能力。</p>
</div><p>TSMC controls 68% of the global semiconductor foundry market, well ahead of its closest rival, Samsung, which has a market share of just under 8%. The company has managed to build such a huge gap over the competition thanks to the technological lead of its process nodes. As a result, TSMC has the ability to raise the prices of its services, and that explains why its gross margin increased by more than five percentage points last quarter from the prior-year period.</p>
<div class="lb-trans"><p>TSMC 控制着全球半導體代工市場的 68%，遠遠領先於其最近的競爭對手三星，後者的市場份額僅略低於 8%。該公司能夠在競爭中建立如此巨大的差距，得益於其工藝節點的技術領先。因此，TSMC 有能力提高其服務的價格，這也解釋了為什麼其毛利率在上個季度同比增長了超過五個百分點。</p>
</div><p>Importantly, TSMC is now anticipating its full-year revenue will grow 30% in 2025, up from its earlier estimate of mid-20% growth. But TSMC could end the year with an even bigger top-line jump as it has already achieved 40% year-over-year growth in the first half of 2025, and it is expecting a 38% spike in revenue in the current quarter (at the midpoint of guidance).</p>
<div class="lb-trans"><p>重要的是，TSMC 現在預計其全年收入將在 2025 年增長 30%，高於之前預計的中 20% 的增長。但 TSMC 可能會在年底實現更大的收入增長，因為它在 2025 年上半年已經實現了 40% 的同比增長，並預計在當前季度（在指引的中點）收入將激增 38%。</p>
</div><p>What's worth noting here is that TSMC says its guidance takes into account the potential impact of tariffs on its business. Even then, the company has raised its full-year outlook, and it won't be surprising to see it end 2025 with a bigger-than-expected jump in revenue and earnings. In fact, TSMC's red-hot growth seems sustainable for a long time to come, considering the secular growth opportunity presented by AI.</p>
<div class="lb-trans"><p>值得注意的是，TSMC 表示其指引考慮了關税對其業務的潛在影響。即便如此，該公司仍然提高了其全年展望，看到 2025 年結束時收入和收益出現超出預期的增長也並不令人驚訝。事實上，考慮到 AI 帶來的長期增長機會，TSMC 的快速增長似乎在可預見的未來是可持續的。</p>
</div><p>The various AI-focused end-markets that TSMC serves are on track to boom remarkably in the next five years. For instance, the investment in AI chips and computing hardware could exceed a whopping $3 trillion by 2030, according to the consulting firm McKinsey.</p>
<div class="lb-trans"><p>TSMC 所服務的各種以 AI 為中心的終端市場在未來五年內有望顯著增長。例如，根據諮詢公司麥肯錫的預測，AI 芯片和計算硬件的投資到 2030 年可能超過 3 萬億美元。</p>
</div><p>Not surprisingly, analysts are also increasing their estimates for the company's earnings through 2027.</p>
<div class="lb-trans"><p>毫不奇怪，分析師們也在提高對該公司 2027 年前收益的預期。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/47d396d673a00c81ec973336cedf61b1.png" alt="" original-src="https://media.ycharts.com/charts/47d396d673a00c81ec973336cedf61b1.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>數據來源：YCharts。</p>
</div><h2>The stock is built for more upside</h2>
<div class="lb-trans"><h2>股票具備更大上漲空間</h2>
</div><p>TSMC stock has jumped an impressive 59% in the past three months. Even then, it is trading at 28 times trailing earnings as compared to the tech-laden <strong>Nasdaq 100</strong> index's average earnings multiple of more than 32. The forward earnings multiple of 24 is even more attractive and is yet another signal of the company's continued bottom-line growth.</p>
<div class="lb-trans"><p>TSMC 的股票在過去三個月中上漲了令人印象深刻的 59%。即便如此，它的交易市盈率為 28 倍，而科技股密集的 <strong>納斯達克 100</strong> 指數的平均市盈率超過 32 倍。24 倍的前瞻市盈率更具吸引力，進一步表明該公司持續的盈利增長。</p>
</div><p>Investors looking to add an AI stock to their portfolios should consider buying TSMC as a top pick. It has room to run higher and is trading at a discount to the broader technology sector, despite quarter after quarter of outstanding execution.</p>
<div class="lb-trans"><p>希望在投資組合中增加 AI 股票的投資者應考慮將 TSMC 作為首選。儘管每個季度的表現都非常出色，但它仍有上漲空間，並且交易價格低於更廣泛的科技行業。</p>
</div>

This Tech Giant Is the Best Artificial Intelligence (AI) Chip Stock to Buy Right Now

- 台積電 Q2 收入同比增長 44%，達到 301 億美元，超出預期。  
- 公司預計 2025 年全年的收入將增長 30%，並已實現 2025 年上半年 40% 的增長。  
- 台積電在全球半導體代工市場佔有 68% 的份額，顯示出強大的定價能力。  

這家科技巨頭是當前最值得購買的人工智能（AI）芯片股票