TSMC's Record Revenue Masks Market Concerns Over AI Spending
TSMC's July revenue reached a record NT$467.58 billion, up 44.7% from last year and 5.6% above June.
The company's stock closed at $418.47, about 13% below its 52-week high of $479, and the market value is near $1.9 trillion.
TSMC manufactures chips for nearly every big tech company, including Nvidia and Apple, so its monthly revenue serves as a rough gauge of the artificial intelligence buildout's pace.