Taiwan Semiconductor Manufacturing Company (TSM)’s Monthly Sales Rise

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 Best Semiconductor Stocks to Buy According to Billionaires.

On June 10, Bloomberg reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) posted a 30% jump in May sales because of sustained demand tied to global artificial intelligence infrastructure buildouts. The company had May revenue of NT$416.98 billion ($13.2 billion). Bloomberg calculations showed combined April and May sales rising about 24% YoY.

Analysts expect second-quarter sales to jump roughly by 35%, Bloomberg reported. The report said TSMC has become a critical supplier for AI chips. It is producing semiconductors for companies including Nvidia and Advanced Micro Devices as major tech firms ramp up spending.

Chief Executive Officer C.C. Wei told shareholders earlier this month that global chip supply will remain limited for years, similar to Nvidia CEO Jensen Huang, who said supply remains tight.

Bloomberg noted that TSMC raised its whole-year outlook in April. The firm expects capital spending to be toward the upper end of its forecast of up to $56 billion in 2026. It also pointed out exposure to weaker smartphone

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/taiwan-semiconductor-manufacturing-company-tsm-184425915.html)