<p>全球最大的半導體代工廠，<strong>台積電</strong>（TSM 8.01%），為全球領先的芯片設計公司製造芯片。在過去六個月中，它也是市場上最熱門的股票之一。</p>
<p>在此期間，該公司的股價飆升了驚人的 93%。該股的驚人反彈將在 10 月 16 日發佈第三季度財報時獲得重大推動。讓我們看看為什麼這隻半導體股票在即將發佈的季度報告後可能會繼續上漲。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mzc0ODYvdGFpd2FuLXNlbWljb25kdWN0b3ItdHNtYy1idWlsZGluZy13aXRoLXRzbWMtbG9nby1pbi1mcm9udF90c21jLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="420" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mzc0ODYvdGFpd2FuLXNlbWljb25kdWN0b3ItdHNtYy1idWlsZGluZy13aXRoLXRzbWMtbG9nby1pbi1mcm9udF90c21jLmpwZyZ3PTcwMA"/></p>
<p>圖片來源：TSMC。</p>
<h2>TSMC 的業績和指引將會穩健</h2>
<p>由於人工智能（AI）芯片的蓬勃發展，TSMC 在過去幾年中的增長表現出色。這家總部位於台灣的公司是全球最大的合同芯片製造商，市場份額估計達到 70%，根據市場研究公司 TrendForce 的數據顯示。</p>
<p>TSMC 不僅為 <strong>AMD</strong>、<strong>Nvidia</strong> 和 <strong>Broadcom</strong> 製造芯片，還為 <strong>Apple</strong>（AAPL 0.97%）、<strong>Qualcomm</strong> 和聯發科技等公司提供服務。這種多樣化的客户基礎使 TSMC 能夠從數據中心、智能手機和計算機對 AI 芯片的強勁需求中受益。很容易看出，TSMC 今年的增長超出了其預期。</p>
<p>該公司最近公佈了 9 月份的收入，這是第三季度的最後一個月。該月的收入較去年同期增長了 31%，使其季度總收入達到 325 億美元。這略高於其指引範圍的中點，也超過了華爾街的預期。</p>
<p>該公司在今年前九個月的總收入增長超過 36%。這使得 TSMC 有望超越其 2025 年的收入指引 30%。重要的是，TSMC 第三季度的收益也可能以穩健的速度增長。這是因為該公司據報道將其受歡迎的 3 納米（nm）工藝節點的價格提高了約 20%。</p>
<p>使用 3nm 工藝節點製造的芯片因其在智能手機中的應用而需求旺盛。TSMC 報告稱，2025 年第二季度其收入的 27% 來自智能手機領域，而 3nm 工藝節點佔其總收入的 24%。考慮到 Apple 正在 TSMC 的 3nm 節點上製造其最新的 iPhone 處理器，並且其最新智能手機的需求超出預期，TSMC 可能會在年底受益於更高的出貨量和價格。</p>
<p>根據 <strong>摩根士丹利</strong> 的預測，Apple 可能會將其 iPhone 的生產量從之前的 8400 萬到 8600 萬台提高到超過 9000 萬台。Apple 據報道佔 TSMC 總收入的 20%，因此 iPhone 生產的潛在增加以及價格的上漲可能會幫助這家芯片製造商發佈超出預期的第四季度指引。</p>
<h2>股票在 2026 年及以後可能會持續上漲</h2>
<p>TSMC 將在 2026 年進一步改善其芯片製造工藝，轉向 2nm 節點。通過縮小芯片的尺寸，TSMC 將能夠增加計算能力並減少功耗。Apple、Nvidia、AMD 和聯發科技據報道將成為該公司明年 2nm 芯片節點的首批客户。</p>
<p>預計 2nm 芯片的價格將比 3nm 工藝節點高出 10% 到 20%，因此不要驚訝於看到 TSMC 的收益增長速度在 2026 年超過市場共識預期。預計該公司今年的淨利潤將增長 40%。分析師預計這一增長率將在 2026 年放緩至 17%。</p>
<p>然而，現有 3nm 工藝節點的價格上漲以及下一代 2nm 工藝節點的更高定價，是 TSMC 的收益增長可能高於預期的原因。因此，其收益預期可能會進一步上調。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/6bfef96c83b8d58bff20daa9a3cfcc87.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/6bfef96c83b8d58bff20daa9a3cfcc87.png"/></p>
<p>數據來源：YCharts。</p>
<p>得益於半導體市場中由 AI 驅動的長期機會，TSMC 繼續超越預期並保持健康增長的能力，將為這隻成長股提供助力。這就是為什麼在 TSMC 的前瞻市盈率為 25 倍時，購買其股票是明智之舉。</p>
<p>目前，其市盈率相較於以科技股為主的 <strong>納斯達克 100 指數</strong> 的 33 倍有着不錯的折扣（使用該指數作為科技股的代理）。然而，10 月 16 日發佈的一組穩健業績可能會推動 TSMC 的股價上漲並提高估值，因此在此之前購買股票可能是個好主意。</p>

台積電

半導體 3 倍做多 - Direxion

<p>台灣半導體制造公司（TSMC）預計將在 10 月 16 日發佈第三季度業績後，其股價將顯著上漲。該公司在過去六個月中股價上漲了 93%，這得益於對人工智能芯片的強勁需求以及包括主要科技公司在內的多元化客户基礎。TSMC 在 9 月份的收入同比增長了 31%，預計由於其 3 納米芯片價格的上漲，盈利也將增長。分析師預測持續增長，使得 TSMC 在其財報發佈前成為一個引人注目的買入機會</p>

<p>The world's largest semiconductor foundry, <strong>Taiwan Semiconductor Manufacturing</strong>(TSM 8.01%), fabricates chips for the leading chip designers across the globe. It also happens to be one of the hottest stocks on the market over the past six months.</p>
<div class="lb-trans"><p>全球最大的半導體代工廠，<strong>台積電</strong>（TSM 8.01%），為全球領先的芯片設計公司製造芯片。在過去六個月中，它也是市場上最熱門的股票之一。</p>
</div><p>Share prices of the company have shot up a remarkable 93% during this period. The stock's stunning rally is all set to get a major boost when it releases its third-quarter results on Oct. 16. Let's look at the reasons why this semiconductor stock can fly higher following its upcoming quarterly report.</p>
<div class="lb-trans"><p>在此期間，該公司的股價飆升了驚人的 93%。該股的驚人反彈將在 10 月 16 日發佈第三季度財報時獲得重大推動。讓我們看看為什麼這隻半導體股票在即將發佈的季度報告後可能會繼續上漲。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mzc0ODYvdGFpd2FuLXNlbWljb25kdWN0b3ItdHNtYy1idWlsZGluZy13aXRoLXRzbWMtbG9nby1pbi1mcm9udF90c21jLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F837486%2Ftaiwan-semiconductor-tsmc-building-with-tsmc-logo-in-front_tsmc.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: TSMC.</p>
<div class="lb-trans"><p>圖片來源：TSMC。</p>
</div><h2>TSMC's results and guidance are going to be solid</h2>
<div class="lb-trans"><h2>TSMC 的業績和指引將會穩健</h2>
</div><p>TSMC's growth has been outstanding in the past couple of years thanks to the artificial intelligence (AI) chip boom. The Taiwan-based company is the world's largest contract chipmaker with an estimated market share of 70%, according to market research firm TrendForce.</p>
<div class="lb-trans"><p>由於人工智能（AI）芯片的蓬勃發展，TSMC 在過去幾年中的增長表現出色。這家總部位於台灣的公司是全球最大的合同芯片製造商，市場份額估計達到 70%，根據市場研究公司 TrendForce 的數據顯示。</p>
</div><p>TSMC manufactures chips for not just <strong>AMD</strong>, <strong>Nvidia</strong>, and <strong>Broadcom</strong>, but also for the likes of <strong>Apple</strong>(AAPL 0.97%), <strong>Qualcomm</strong>, and MediaTek. This diverse customer base gives TSMC the ability to benefit from the booming demand for AI chips not just in data centers, but also in smartphones and computers. It is easy to see why TSMC's growth has been ahead of its projections so far this year.</p>
<div class="lb-trans"><p>TSMC 不僅為 <strong>AMD</strong>、<strong>Nvidia</strong> 和 <strong>Broadcom</strong> 製造芯片，還為 <strong>Apple</strong>（AAPL 0.97%）、<strong>Qualcomm</strong> 和聯發科技等公司提供服務。這種多樣化的客户基礎使 TSMC 能夠從數據中心、智能手機和計算機對 AI 芯片的強勁需求中受益。很容易看出，TSMC 今年的增長超出了其預期。</p>
</div><p>The company recently reported its revenue for September, the last month of Q3. Its top line jumped by 31% from the year-ago period during the month, bringing its total quarterly revenue to $32.5 billion. That's slightly higher than the midpoint of its guidance range, and also more than what Wall Street was looking for.</p>
<div class="lb-trans"><p>該公司最近公佈了 9 月份的收入，這是第三季度的最後一個月。該月的收入較去年同期增長了 31%，使其季度總收入達到 325 億美元。這略高於其指引範圍的中點，也超過了華爾街的預期。</p>
</div><p>The company's total revenue in the first nine months of the year has jumped by over 36%. This puts TSMC well on course to exceed its 2025 revenue guidance of 30%. Importantly, TSMC's earnings for the third quarter are likely to grow at a solid pace as well. That's because the company has reportedly increased the price of its popular 3-nanometer (nm) process node by around 20%.</p>
<div class="lb-trans"><p>該公司在今年前九個月的總收入增長超過 36%。這使得 TSMC 有望超越其 2025 年的收入指引 30%。重要的是，TSMC 第三季度的收益也可能以穩健的速度增長。這是因為該公司據報道將其受歡迎的 3 納米（nm）工藝節點的價格提高了約 20%。</p>
</div><p>Chips manufactured using a 3nm process node are in hot demand because of their deployment in smartphones. TSMC reported that 27% of its revenue came from the smartphone segment in the second quarter of 2025, and the 3nm process node accounted for 24% of its top line. Given that Apple is manufacturing its latest iPhone processors on TSMC's 3nm node, and its latest smartphones are seeing stronger-than-expected demand, TSMC is likely to benefit from a combination of higher volumes and pricing toward the end of the year.</p>
<div class="lb-trans"><p>使用 3nm 工藝節點製造的芯片因其在智能手機中的應用而需求旺盛。TSMC 報告稱，2025 年第二季度其收入的 27% 來自智能手機領域，而 3nm 工藝節點佔其總收入的 24%。考慮到 Apple 正在 TSMC 的 3nm 節點上製造其最新的 iPhone 處理器，並且其最新智能手機的需求超出預期，TSMC 可能會在年底受益於更高的出貨量和價格。</p>
</div><p>According to <strong>Morgan Stanley</strong>, Apple may increase its iPhone production to more than 90 million units from the earlier build forecast of 84 million to 86 million units. Apple reportedly accounts for 20% of TSMC's top line, so a potential increase in iPhone production, as well as the reported increase in prices, could help the chipmaker issue better-than-expected guidance for Q4.</p>
<div class="lb-trans"><p>根據 <strong>摩根士丹利</strong> 的預測，Apple 可能會將其 iPhone 的生產量從之前的 8400 萬到 8600 萬台提高到超過 9000 萬台。Apple 據報道佔 TSMC 總收入的 20%，因此 iPhone 生產的潛在增加以及價格的上漲可能會幫助這家芯片製造商發佈超出預期的第四季度指引。</p>
</div><h2>The stock could sustain its rally in 2026 and beyond</h2>
<div class="lb-trans"><h2>股票在 2026 年及以後可能會持續上漲</h2>
</div><p>TSMC is going to further improve its chip manufacturing process in 2026 by moving to a 2nm node. By shrinking the size of its chips, TSMC will be able to pack in more computing power and reduce power consumption. Apple, Nvidia, AMD, and MediaTek are reportedly going to be the first customers of the company's 2nm chip node next year.</p>
<div class="lb-trans"><p>TSMC 將在 2026 年進一步改善其芯片製造工藝，轉向 2nm 節點。通過縮小芯片的尺寸，TSMC 將能夠增加計算能力並減少功耗。Apple、Nvidia、AMD 和聯發科技據報道將成為該公司明年 2nm 芯片節點的首批客户。</p>
</div><p>With the 2nm chips expected to carry a premium of 10% to 20% over the 3nm process node, don't be surprised to see TSMC's earnings growth to be faster than consensus estimates in 2026. The company is expected to clock a 40% increase in its bottom line this year. Analysts expect that growth rate to slow down to 17% in 2026.</p>
<div class="lb-trans"><p>預計 2nm 芯片的價格將比 3nm 工藝節點高出 10% 到 20%，因此不要驚訝於看到 TSMC 的收益增長速度在 2026 年超過市場共識預期。預計該公司今年的淨利潤將增長 40%。分析師預計這一增長率將在 2026 年放緩至 17%。</p>
</div><p>However, the reported price increases of the existing 3nm process node, as well as the higher pricing of the next-generation 2nm process node, are the reasons why TSMC's earnings growth could be higher than expected. As such, its earnings expectations could likely move higher.</p>
<div class="lb-trans"><p>然而，現有 3nm 工藝節點的價格上漲以及下一代 2nm 工藝節點的更高定價，是 TSMC 的收益增長可能高於預期的原因。因此，其收益預期可能會進一步上調。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/6bfef96c83b8d58bff20daa9a3cfcc87.png" alt="" original-src="https://media.ycharts.com/charts/6bfef96c83b8d58bff20daa9a3cfcc87.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>數據來源：YCharts。</p>
</div><p>TSMC's ability to continue outperforming expectations and maintain a healthy pace of growth, thanks to the AI-powered secular opportunity in the semiconductor market, should be a tailwind for this growth stock. That's why it would make sense to buy TSMC stock while it is trading at an attractive 25 times forward earnings.</p>
<div class="lb-trans"><p>得益於半導體市場中由 AI 驅動的長期機會，TSMC 繼續超越預期並保持健康增長的能力，將為這隻成長股提供助力。這就是為什麼在 TSMC 的前瞻市盈率為 25 倍時，購買其股票是明智之舉。</p>
</div><p>It is currently trading at a nice discount to the tech-heavy <strong>Nasdaq-100</strong> index's earnings multiple of 33 (using the index as a proxy for tech stocks). However, a solid set of results on Oct. 16 could send TSMC stock higher and inflate the valuation, so it may be a good idea to buy shares before that happens.</p>
<div class="lb-trans"><p>目前，其市盈率相較於以科技股為主的 <strong>納斯達克 100 指數</strong> 的 33 倍有着不錯的折扣（使用該指數作為科技股的代理）。然而，10 月 16 日發佈的一組穩健業績可能會推動 TSMC 的股價上漲並提高估值，因此在此之前購買股票可能是個好主意。</p>
</div>

Prediction: This Glorious Growth Stock Will Skyrocket on Oct. 16

- 台灣半導體制造公司（TSMC）在過去六個月股價上漲 93%。  
- 公司預計第三季度營收將達 325 億美元，超出市場預期。  
- TSMC 將於 2026 年推出 2 納米芯片，進一步提升盈利能力。  

預測：這隻表現卓越的成長股將在 10 月 16 日大幅上漲