Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) continues to benefit from surging demand for advanced chips, as investors and analysts look ahead to another strong earnings report.
Record Quarter In Sight
Taiwan Semiconductor is poised to deliver a record fourth quarter as demand for artificial intelligence infrastructure continues to fuel growth.
Analysts expect the contract chipmaker to report a 27% jump in fourth-quarter net profit to 475.2 billion New Taiwanese dollars ($15.02 billion) for the three months ended December 31, Reuters reported on Monday, citing an LSEG SmartEstimate compiled from 19 analysts.
The chipmaker will provide guidance for the first quarter and full year on Thursday.