TSMC is approaching the 1,500 mark, optimistic outlook on revenue and future of AI during the earnings call.

Due to global traders increasing their bullish bets, TSMC ADR ( stock code TSM) has soared by 54% this year, driven by AI momentum and strong chip demand. 2330 also celebrated in advance of today's earnings conference, with intraday trading once approaching the 1,500 mark at 1,495 yuan.

TSMC ADR hits a new high, with a 27% premium over 2330

Due to global traders increasing bullish bets, TSMC ADR ( stock code TSM) has surged 54% this year, surpassing the 38% pump of the stock listed in Taiwan, 2330.

TSMC ADR trading prices often show a premium, and there has been an upward trend recently. TSM closed at $304.71 yesterday, setting a new all-time closing high. Based on yesterday's USD to TWD exchange rate of 30.656, TSMC 2330 price should be at NT$1,868, which is a 27.5% premium compared to yesterday's closing price of NT$1,465.

Strong demand for chips, with stock prices approaching the 1500 mark before the earnings conference.

Recent premiums indicate that international investors are more optimistic than domestic investors, which may lead to a reassessment of valuations driven by the artificial intelligence boom.

Apple has placed strong orders for chips for its high-end iPhone models and is expected to provide foundry services for NVIDIA's Blackwell, which will drive TSMC's revenue growth in the upcoming quarters. This week, TSMC's client Broadcom signed a significant agreement with OpenAI, boosting investor enthusiasm. Additionally, ASML's third-quarter results released on Wednesday show that the AI boom continues to drive demand for its advanced chip manufacturing machines, which is a positive signal for its client TSMC.

Today, TSMC celebrated in advance of its earnings conference, closing at a historical high of 1,485, with intraday trading reaching 1,495, just shy of the 1,500 mark.

AI grows strongly, TSMC raises revenue growth and continues to expand capacity.

TSMC's consolidated revenue for September was approximately NT$ 330.9 billion, an increase of 31.4% compared to the same period last year. The consolidated revenue for the third quarter was NT$ 989.9 billion, approximately US$ 33.1 billion (, reaching the high end of financial forecasts. The after-tax earnings per share ) EPS ( was NT$ 17.44, exceeding market expectations of NT$ 16, setting a new all-time high.

)The most prosperous third quarter in history, TSMC received a new price of 1440, OpenAI specifically requested to expand production(

At today's ) investor conference, CFO Wendell Huang shared the outlook for the fourth quarter. Although the costs of overseas foundries are higher, the estimated exchange rate of 30.6 New Taiwan dollars in the fourth quarter will benefit TSMC, with a gross margin expected to rise to 59%~61%. TSMC will continue to focus on cost optimization.

TSMC has raised its revenue growth forecast for 2025 to mid-thirty (34%~36%), and has reserved at least 40 to 42 billion USD for capacity expansion and upgrades in 2025, higher than the previously set lower limit of 38 billion USD.

Chairman C. C. Wei ( also emphasized that the development of AI remains actively strong, with TSMC utilizing AI internally to improve productivity and efficiency, committed to providing the latest technology to support customers.

TSMC will acquire a second large plot of land in Arizona, USA to support its current expansion plans and meet customer demands in smartphones and AI. In addition, expansion plans in Japan and Germany are also ongoing, and of course, there are also advancements in advanced processes in Taiwan.

During the Q&A after the meeting, C.C. Wei was asked multiple times about his outlook on the future of AI. He emphasized that TSMC continues to communicate updates with customers and is more optimistic about the future than many might imagine. However, the specific numbers will require more careful sorting by the company and will be shared with everyone in January next year. TSMC will also strive to narrow the gap between strong customer demand and TSMC's production capacity.

This article mentions TSMC approaching the 1,500 mark, with an optimistic revenue forecast and future outlook on AI discussed at the earnings conference, first appeared in Chain News ABMedia.