Apple's 3nm Push Boosts Taiwan Semi's Q3, AI Revenue Set To Triple: Analyst

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock surged after upbeat quarterly print on Thursday. The key Nvidia Corp (NASDAQ:NVDA) supplier reported third-quarter revenue of 759.69 billion New Taiwan dollar ($23.50 billion), up 39%, topping $22.4 billion-$23.2 billion guidance and the consensus estimate. The contract chipmaker attributed the quarterly performance to robust smartphone and AI-related demand for its 3nm and 5nm technologies. Also Read: Nokia Q3: Earnings Miss, CEO Cites Tele